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Extradry Martini

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About Extradry Martini

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  1. It will give, the question is when. In the long run, houses will become affordable to most people. Why? Because house owners will have to sell to fund retirement or their legatees will after they die. Apart from a very small number of very unfortunate people, most people live somewhere. Property is affordable either to rent or to buy. So, in long-run equilibrium: If someone rents, their landlord has to compare the return on the property to other investments. If rent is affordable but the price of the house is high, the yield is low so it makes sense for the landlord to sell. Eventua
  2. To say that the government is pursuing a foolish policy is very far from seeking to "put down the UK". It is also not "negative" to want to change government policy (or the government itself) when the government is damaging the country.
  3. The Airbnb angle is certainly one reason for this. But really most of the protests so far against tourism have been where rowdy beach tourists have behaved badly in areas not set-up for beach tourism such as Barcelona. On the Costa del Sol and the Costa Blanca, which pretty much only exist because of tourism, the infrastructure not only knows how to deal with them but does deal with them (or at least contain them). Spain is acutely aware of the value to it of its biggest industry.
  4. I completely agree re the consequences of the Irish border moving to this side of the Irish sea. But I think that’s unlikely to happen – I can’t see a fiscal and monetary union without a customs union. I haven’t spent much time thinking about it yet, but there’s something nagging me at the back of the mind on it and it’s big. I have learnt to trust that feeling but it needs thinking through… I’ll come back on that problem. I was thinking about Scottish secession in the status quo, I admit. Whether or not it would be a good idea for Scotland after Brexit would depend on how Brexit happens
  5. Excellent article in the current edition of the Economist comparing the Brexit movement to the US neo-con push for the Iraq war: https://www.economist.com/news/britain/21725784-parallels-between-brexiteers-and-american-neocons-who-pushed-iraq-war-lessons It might be behind a paywall, but of the many comparisons cited, perhaps the most salient right now is that “In both cases overconfidence led to a lamentable lack of planning”. Having started the article discussing various Brexiteers citations of history, the last para is pure gold: “The real problem with the Brexiteers is
  6. Yes, but without being familiar with Ireland's fiscal position in 1923, I have no idea what the economic impact was.
  7. It’s actually idiotic for a whole bunch of other reasons in my view. For example, Scotland is running a huge deficit (around 10% of its GDP) and doesn’t have its own currency. If it did it would have to issue a huge amount of debt to create foreign reserves in its central bank and if it decided to keep the pound, as an independent state it would have to issue a huge amount of debt to back up its banking system (it’s actually the same thing once you dig down) apart from the obvious drawbacks of having a monetary union without a fiscal union.
  8. Could be. But if it is, then the same people ought to think that the Spanish and French must be just as high quality given how many people go there. Or maybe they just mean to live. On that subject, when I was living in Madrid some time ago, I would occasionally come across British expats living on the costas (normally friends of friends). Almost none of them spoke any Spanish beyond ordering beer in a bar. They spoke English at work, to their plumbers (who often were British themselves) and in supermarkets. I would always ask these people why they lived in Spain, something I often asked
  9. Assuming you mean refugees or asylum seekers, it is their duty under the EU Treaty and UN Declaration of Human Rights (something that, incidentally, the UK will remain a signatory of even after Brexit). How can it be “oppressive” to insist on observing these rules? To be honest I find it extraordinary that anyone in Europe might wish to deny asylum to those who genuinely need it, given our history. It is to all of our shame that we refused asylum to Jewish people in the 1930s and 1940s (though the UK was better in this regard than some countries, especially with regard to the Kindertransport).
  10. I am yet to find a Brexiter who can tell me in what exact and concrete way/s he or she is being oppressed by the EU. Instead it comes from a mix of mistrust of foreigners, a sense of British superiority and a lack of understanding either of the institutional framework of the EU or of basic macro-economics. The different proportions of that mix change depending on whom you are speaking to. But it's not their fault - seen to be explaining, promoting or defending the EU in any way has been poisonous in UK politics since the Major government, so no one in positions of political influence has
  11. It’s funny, but here I am, explaining what crashing out of the EU in 2019 would probably mean in real, concrete, terms. However, instead of saying that my conclusions are wrong because of this or that things which I have missed or miscalculated, you say “man up”. As if explaining negative consequences of the actions (or lack of them) of an incompetent and unprepared government somehow shows irrational fear… … But still no contest from you on what I have said. If someone I cared about was behaving in this way, I might have thought that they had an emotional attachment, rather than a ration
  12. This is great - it's so funny to see your comments when you take out those of other people. It is just infantile trolling. I thought a few days ago that the re-quoting software here was a little more awkward than it was on the site a few years ago, but I stand corrected. Your last post to me was "man up" for goodness sakes... it's brilliant, no content whatsoever, zilch, nada. Reminds me of an empty popcorn box, lying on a dirty floor, that you half trip over on your way out of the cinema after a bad movie. Fantastic! :-)
  13. Oh dear. You think this whole thing is based on feelings? You feel that you want the UK to leave the EU and you feel that it'll be ok, so don't worry it won't be a problem? Because you see it this way, you assume that everyone else does? I assure you, we don't. But lucky you - I sometimes wish that I could live in such intellectual cotton wool. One way or another, you'll find out though. The easiest way is to do some fact-checking and thinking by yourself. Look at what will happen under various scenarios...It requires a little work, but you'll be much better off for it. I would suggest th
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