British Property Market Booming: House prices in England and Wales reach highest ever level; Waiting for the UK bubble to burst. Affordable home seems an impossible dream.
Tweet Topic Started: 12 Aug 2013, 06:20 PM (1,763 Views)
London has always been an international trading port and has always have an international flavour. As do most international trading ports. It tends to add to the character. If you are talking about recent levels of immigration - point to the place in the world where this hasn't happened?
Yes but none have had
1. Home grown 'citizens' mass murdering their fellow countrymen in the name of a foreign war
2. City-wide riots
3. Beheadings in suburban streets
AND
4, A crippling social class system and worship of two institutions - Oxford and Cambridge - pushing everyone else out
Yes, it is possible to keep ratcheting up the economic land rent decade after decade after decade, with the people desperately downsizing to stay alive. It is possible to stave off the full and final crash for a long time,
It remains to be seen how long economies like Australia and/or NZ can last imposing the same insanity in spite of the land-richness of their economies.
I don't see land richness as an issue that could result in low prices if we just released more. No one wants a piece of dirt 20km up a dirt track. Roads and power and shopping centres all have to be funded, and building suppliers and home builders want to earn good incomes just like the rest of us. I think the problem, if you can call it a problem? Is systemic and built into our modern greedy society.
At a basic level you could conclude that; we no longer build our own roads by driving carts or cars up to our homes, no longer grow most of our own food in our back yards, collect our own drinking water, or live without electricty. The fact is our modern way of life, which is designed around the oil tanker, is no longer cheap. It will probably never be cheap again. So either we go back to the old ways of living cheaply or we and our suburbs are doomed. That's easily provable by mathematical analysis, and that is backed up by the last 10 years of empirical observation.
The only reason city and suburban house prices are rising across the world is people have no idea what else to do. They are falling back on traditional investments to try and protect their future in what is obviously going to be a very impoverished world. They clearly see that most wealth protection avenues will be risky and probably suffer big losses yet they have not looked beyond that conclusion to the obvious reality that those losses will effect their bottom line eventually as well.
Newjez, what are your feelings about what is happening in the UK at the moment? Have you noticed much of a change going on during your time there? I was there about 15 years ago and while it seemed expensive I didn't see the sorts of changes that appear to be happening now in terms of high immigration and housing shortages.
Newjez, what are your feelings about what is happening in the UK at the moment? Have you noticed much of a change going on during your time there? I was there about 15 years ago and while it seemed expensive I didn't see the sorts of changes that appear to be happening now in terms of high immigration and housing shortages.
It really depends on where you live. The south coast is very old England. But go up to slough and you could be in Poland. Not that I mind the eastern Europeans. Except the Albanians of course.Immigration has costs and benefit. It favours the rich rather than the poor. I have noticed more Chinese recently. But they could be tourists. Everything seems to be on the up. Saw several 63 plate cars. Two years ago it would have been months before you saw a new plate. My company is hiring.
Whenever you have an argument with someone, there comes a moment where you must ask yourself, whatever your political persuasion, 'am I the Nazi?'
It really depends on where you live. The south coast is very old England. But go up to slough and you could be in Poland. Not that I mind the eastern Europeans. Except the Albanians of course.Immigration has costs and benefit. It favours the rich rather than the poor. I have noticed more Chinese recently. But they could be tourists. Everything seems to be on the up. Saw several 63 plate cars. Two years ago it would have been months before you saw a new plate. My company is hiring.
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Newjez, what are your feelings about what is happening in the UK at the moment? Have you noticed much of a change going on during your time there? I was there about 15 years ago and while it seemed expensive I didn't see the sorts of changes that appear to be happening now in terms of high immigration and housing shortages.
As for the uk being expensive - it feels cheaper than Oz, but I'll verify that in a few weeks as I'm popping back to Perth for a holiday. Energy and petrol are expensive, much more so than they were a few years back. Super markets have held price increases back - mainly due to Lidl and Aldi - but they have been increasing. The UK has suffered with inflation since the GFC, and they haven't been able to raise rates to combat it.
There has always been a housing shortage.
Immigration I haven't noticed, but my wife has (she is a teacher). I always thought the uk was like this. When I first went to south croydon I thought I was back in africa. Southhall stinks of curry. Bradford is full of Pakistanis. That's the way it has always been. But my wife often has classes where 2/3 are non english speakers. A lot are somali refugees. There are several chinese at the moment, and recently a lot of Saudi military. They come for a year to learn english in the language schools, and they bring their families to make them behave. But the kids pick it up pretty quick. She loves the kids but she can find the parents very set in their ways though.
I have heard of towns being over run with immigration. Slough I mentioned, but there must be many other places. We do hear the odd foreign voice in the park - one or two Russian or Polish - but not many. But I live in a very affluent village, and not many new arrivals could afford to live here.
Whenever you have an argument with someone, there comes a moment where you must ask yourself, whatever your political persuasion, 'am I the Nazi?'
As for the uk being expensive - it feels cheaper than Oz, but I'll verify that in a few weeks as I'm popping back to Perth for a holiday. Energy and petrol are expensive, much more so than they were a few years back. Super markets have held price increases back - mainly due to Lidl and Aldi - but they have been increasing. The UK has suffered with inflation since the GFC, and they haven't been able to raise rates to combat it.
There has always been a housing shortage.
Immigration I haven't noticed, but my wife has (she is a teacher). I always thought the uk was like this. When I first went to south croydon I thought I was back in africa. Southhall stinks of curry. Bradford is full of Pakistanis. That's the way it has always been. But my wife often has classes where 2/3 are non english speakers. A lot are somali refugees. There are several chinese at the moment, and recently a lot of Saudi military. They come for a year to learn english in the language schools, and they bring their families to make them behave. But the kids pick it up pretty quick. She loves the kids but she can find the parents very set in their ways though.
I have heard of towns being over run with immigration. Slough I mentioned, but there must be many other places. We do hear the odd foreign voice in the park - one or two Russian or Polish - but not many. But I live in a very affluent village, and not many new arrivals could afford to live here.
England has been dubbed "Indo-Somaliland".
But that's really just London.
The reality is that there is "country" there anymore. What chance does the average 18 year old whose family has lived there for the last 1000-2000 years have?
None.
The competition is fierce. There are Spaniards with Masters degrees in Bull**** taking 10 pound flights to London to work in cafes and getting paid 2 - 3 GBP an hour.
Many people there holiday to Thailand and never want to go back. They'd rather live in Third World Thailand than Third World Britain.
To make any comparison between Oz and UK or US and UK would be stoopid. UK is in a world of its own and as mentioned, has the problem of tradition to boot. If you don't have the right accent, or didn't go to the right university, you have NO chance.
In the US and Australia, people value your abilities and values and attitude. In the UK they value Oxford and Cambridge and little else. If you didn't go there, you will be a cashier at Tescos or end up in some slum aka England.
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