Debate House Prices


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Remoaners Revenge...

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Comments

  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    edited 30 July 2019 at 7:08PM
    lisyloo wrote: »
    So do you think Vauxhall leaving Ellesmere Port is a positive or negative indicator?

    A clear indication of the state of the global motor industry. Cheaper places to set up new manufacturing plants. Electric is the future. Old facilities are redundant.

    Vauxhall died as a brand some years ago. Like Ford.
  • triathlon
    triathlon Posts: 969 Forumite
    500 Posts Second Anniversary
    Conina wrote: »
    Just :rotfl: Honestly the depths to which some people will stoop but congratulations on a record attempt.

    Future economic growth will as usual be the deciding factor in how the GB£ performs in future no matter what the detractors say and given that historically the UK has outperformed the EU it doesn't look bad for the UK which is more than you could say for the EU.

    Nothing sinks in with you lot does it?
    What has any of that got to do with the fact that our property which you lot keep suggesting is overpriced is becoming as cheap as chips for the 1,000,000 + immigrants that are entering the UK in the next 3 years alone:rotfl:
  • Rich2808
    Rich2808 Posts: 1,389 Forumite
    Ninth Anniversary 1,000 Posts Name Dropper Combo Breaker
    Conina wrote: »
    Read this and then see if you want to ask again.


    https://www.pesmedia.com/inward-investment-projects-uk-new-jobs/


    This at the height of tensions over Brexit when you might logically expect any decisions regarding investment to be either put on hold or to be decided in favour of alternates, and yet the UK continues to do well regardless.


    So go on lisyloo, will 1000 jobs have much impact in terms of national economic growth when almost five times this number are being created every month AND the workforce is at a record high?

    It won't be good for those losing their jobs and having been there in the past I sympathise but honestly, the future is far brighter than the possibility of those jobs lost is suggesting.


    So inward investment brings in 4,800 new jobs a month - whereas net migration is 300,000 plus a year or 25,000 a month.



    Cut the latter - and the former perhaps aren't needed?.....
  • lisyloo
    lisyloo Posts: 30,094 Forumite
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    Conina wrote: »
    So go on lisyloo, will 1000 jobs have much impact in terms of national economic growth when almost five times this number are being created every month AND the workforce is at a record high?

    Well this is the bit (from your link) that stuck out for me

    the UK continues to be the number one destination for foreign direct investment in Europe

    The operative words being investment in Europe.
    Why do you think that investment would continue after we leave?
  • Zuzel
    Zuzel Posts: 188 Forumite
    lisyloo wrote: »
    Well this is the bit (from your link) that stuck out for me

    the UK continues to be the number one destination for foreign direct investment in Europe

    The operative words being investment in Europe.
    Why do you think that investment would continue after we leave?
    Personally I'm interested to understand why you think it won't?
    You do understand that the UK is not floating away from Europe don't you?
    You also I hope understand that despite their determined efforts, the EU is not the same as Europe?
    There are parts of Europe that still resist the EU you know.
    Strangely they seem to do far better economically than the EU .................
  • Zuzel
    Zuzel Posts: 188 Forumite
    triathlon wrote: »
    Nothing sinks in with you lot does it?
    What has any of that got to do with the fact that our property which you lot keep suggesting is overpriced is becoming as cheap as chips for the 1,000,000 + immigrants that are entering the UK in the next 3 years alone:rotfl:
    Please can the rest of us borrow your crystal ball?
  • lisyloo
    lisyloo Posts: 30,094 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Zuzel wrote: »
    Personally I'm interested to understand why you think it won't?

    To me it’s blindingly obvious, but yes sure I’ll spell it out.
    That investment and jobs e.g. car factory, came to the UK because it’s currently a great place to be to ship your goods to the EU.

    If GBP falls (that’s a racing certainty as it’s happening right now as odds are shortening on no deal) and there are tariffs and custom checks then it becomes an unattractive place to (for example) assemble cars to ship to the EU.

    This is backed up by the entire car industry and GBP is already falling against the Euro, so a lot of backing and real events behind that.
    It’s not a prediction it’s a mathematical certainty.

    I’m amazed your asking but maybe Not if your mind is made up.
    I don’t just make stuff up, I look at what industry leaders are saying and the car industry is unequivocal as are welsh farmers.
  • Herzlos
    Herzlos Posts: 15,948 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    triathlon wrote: »
    Talking with a friend over breakfast who gives me my best financial advice other than myself.
    His words "come the end of the year and we start seeing the Dollar as well as the Euro worth more than the Pound, then watch property being snapped up from buyers all around the world"

    You Brexiteers know how to shoot yourself in the foot��


    GBP getting 0.85EUR in some airports the other day. That doesn't directly translate to larger transactions but if the GBP is at a 28 (?) month low, then property is going to be looking pretty cheap to foreign investors.
  • lisyloo
    lisyloo Posts: 30,094 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Zuzel wrote: »
    Please can the rest of us borrow your crystal ball?

    No, but you can look up immigration figure from the ONS.
  • Herzlos
    Herzlos Posts: 15,948 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Zuzel wrote: »
    Personally I'm interested to understand why you think it won't?


    Many companies in the far east (particularly Japan) have long used the UK as a springboard to the European market. If we leave the EU (and thus most of Europe) with a bad deal, then one of our biggest investment selling points vanishes overnight.

    If you had to set up operations somewhere to tap into the EU market, and the UK left the EU market, why would you still want to set up there rather than, say, Germany or Romania?
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