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F0ul Thought

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About F0ul Thought

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  1. http://www.statistics.gov.uk/hub/regional-statistics/index.html National Statistics do a Neighbourhood section which can help. Thee is also the EU NUTS2 and NUTS3 stats - Hope this helps!
  2. Rather than working with hypatheticals, why not work with real examples? Land ownership in Ethiopia is illegal - its also have no private sector. It makes its money from agriculture and has a GDP of $65Billion - or about $900 per head. Compare that to Wales, which has a GDP of around the same level, but about $30K per head. Wales would have had the same level of GDP as Ethiopia about 400 years ago but thanks to land ownership, and the idea of property rights, people could make money without having to be a part of the land owning classes. Land ownership is definitely a good idea - without it, there is nothing to build your wealth on, so you end up scrabbling in other people's dirt!
  3. Where unions don't get it is that they think that its the people on the shop floor who do all the work while everyone else is just sucking the money out of them. The reality is that without the management, there wouldn't be any roles on the shopfloor. More honestly, its the connection of the management and the shopfloor which makes the company profitable - one doesn't happen without the other! Quote - Rubbish. It is the workers on the shop floor that create the wealth. All management do is optimise the smooth running of the workforce to extract maximum profit. Of course their would be roles without management. Workers can self manage themselves and so have no need for management. It seems quite obvious from that comment that you wouldn't know a successful company if you fell over one. The shop floor create the goods, using the equipment owned by the company. Their labour doesn't create wealth, it creates widgets. Those widgets only have a value when the management find a customer, which normally happens before the workers produce the widgets in the first place! The management have to build a team of people who, between them, are able to give their customer exactly what they want. That is their skill - without management, the workers are just widget making monkeys. Each with their own little role, which has a value in the final product, but by its self, their value is nothing. If workers are able to self manage, then it means the company is inefficient although I can't see how a company can finance a project to find a customer for a widget, design it, make it, deliver it and offer support then collect the payment for it while ensuring that all bills are paid on time including the wage bill all without management - unless you just use different names for them such as team! In such a place, there is no room for a union to put obstacles in the way! In not saying that unions have always been a bad thing - they used to do the role of the benefit system, before they got the tax payer to do that role. At that time, the Union was a good thing, but by today, they are just another relic of a bad time in our past!
  4. Argh! Unions - I loath unions more than anything else in the working environment! They are the parasites which such all the inovation out of a company - they are the reason there is a them and us within a company. I have mostly worked in non union companies - in most cases, unions were banned - and everything worked great. We got a pay rise when we asked for one, and could justify the need for it. We were also on performance based bonuses - so the pay was sort of irrelevant because when we worked harder, we got paid more anyway! Where unions don't get it is that they think that its the people on the shop floor who do all the work while everyone else is just sucking the money out of them. The reality is that without the management, there wouldn't be any roles on the shopfloor. More honestly, its the connection of the management and the shopfloor which makes the company profitable - one doesn't happen without the other! Unions spend all their time looking at the angles, trying to work out how they can ensure as many useless people can keep getting paid for doing a bad job! The end result is a failing company, and a union complaining about the number of jobs being lost due to management incompetence!!
  5. If it makes you feel any better - the PI Cycle is peaking this weekend - this daft idea about everything being ok will finally be thrown out! As for your impatience - did prices rise by 50% in only a year? NO, of course it didn't. So why would you expect prices to go down in that time? Prices seem to be dropping at about 2-3% a month, so, you are looking at the bottom being hit in 2011. The only issue I have, which I think is being missed by lots of the tin foil brigade on here is that we are not going to see the system be cleaned out properly before it booms again. In a properly, regulation, intervention free market, the market would be burnt to the ground to remove all the toxic elements and once it was solid again, then the market would start to grow. The issue here is that we are not in an ideal free market, which means that there will be influences on the market to start growing again before it was totally detoxed. That is why I think we are only going to see the market drop so that average house prices reach average wage income times 3.3 or so - it won't go any lower. The delay will be when we wait for wage inflation to catch up - after all, there are two numbers that make up this formula. There will be another property boom - because we always have property booms. There was one in the early 70's, there was only in the late 80's, the late 90's one, and the mad one we have just seen drop. There is no reason to think we won't have another in the late 2010's!
  6. Yes, the system is broken, and you can moan about it - but that isn't going to fix it. The sensible thing is to take advantage of it - after all, that is exactly what the clever money is doing. Get a job in the public sector, use your private sector work ethic to get your reputation for being a hard worker. Make enough contacts to be able to start your own company as a consultancy to the public sector after you have already been involved in enough networking to make sure everyone thinks you are great! The worst part is moving from a debt living system to a cash based system - because that is when you realise that you have been living beyond your means to keep up with all your co workers who have also been doing the same! I think the system has always been broken, but its not been as obvious to the common man before. Thanks to the internet and sloppy generations of people not keeping the pretense going, the truth is slipping out ...!
  7. Um, No. The answer is to pay your debts for spending the last few years, an average 5.8%, more than we earnt on stuff. We were producing more than we could afford to buy using the wages we had. That is the whole point of a bubble. Your solution would create a new bubble using public money to allow people to return to buying stuff we couldn't afford to buy using the wages we earnt! The jobs that are being lost by this overproduction are jobs created by a bubble. A better solution would be to find jobs for these people to do which would add to society, but wouldn't need us to borrow to pay for. That is the difficult job!
  8. Have a look at the figures - the next lot are out on the 22nd of April. https://www.nomisweb.co.uk/default.asp
  9. One company which went into administration a few months ago ended up in that position because their payroll caused them to go over their overdraft limit by 2%. That was enough for the banks to pull the plug on them. 2 months later, the 90 jobs that were lost were revitalised when a new company was created at a new site. That bit never hit the headlines because it happened over 2 months in dribs and drabs! The biggest problem was the bank employees were doing accounting by process rather through using experience - the company is now viable in the long term as it was able to look at all its internal practices, clear the deadwood and will be a good long term investment - especially in that they are now exporting most of their products. Yes, companies which are bloated or have lost direction will have job loses which will not be replaced, but that doesn't mean that all companies that go bust will leave a void which cannot be filled.
  10. A lot of companies which are going into administration are being forced into it by over zealous bankers although there are some which are victims of other companies not paying their debts. At their core, these companies are still viable, its just a case of sorting out the paperwork and making it look good for the bankers again. If they have confidence, then the cashflow can be managed, and before you know it, the profit can be used for expansion and jobs etc!
  11. While this thread is great sky is falling fodder, what always seems to be missing is the job numbers created by the phonixed companies. Our area has had a number of high profile job loses, however, most of the jobs lost where then taken up by the restructuring of the company - the end result is that there are fewer lost jobs in reality than the headlines would suggest. Sometimes the company would have a management buyout, sometimes they would sell off sections of what they did, sometimes they went bust and then start again under a new name. It does depend a lot on why the company is closing - some of the really bad news has hit low pay assembly plants where the HQ is in a different country, and those jobs are lost - but the actual jobs lost number is still going to be a lot lower than the headlines suggest. Sorry for ruining the headless panic with a dose of reality!
  12. What is missing here is the concept of risk - If you buy a car, you accept that you may die while driving it - and you can't sue the manufacturer! All that has happened here is that the experts were wrong. It happens. Its like I watch a comedian such as one of those mentioned - the critics tell me I really will laugh lots and lots if I go and see them - and don't laugh at all during their performance. I am not going to sue the comedian for not entertaining me. I'm not going to worry about the money I was conned out of to go and see them in the first place - not because it was a small amount, but because I understood the risk! While you don't need to be able to be a mechanic to drive a car, you do need to turn a steering wheel when you get to a corner!
  13. Everyone has the ability to do due diligence. You can use the internet, you can check feedback. You talk to people, you visit the CAB, you talk to the thousands of free public services which are set up to help people make the right decision! If I am thinking of buying a car, I do this, If I was looking to invest well over £100K, I would certainly do it - unless I didn't actually value that sort of money as being worth the effort?! If things don't work out the way you wanted them to, then that is the action of risk. If there was no risk, there would be no reward. Why do people think that successful business is a right??!
  14. He should do what others do - it is called Due Diligence!
  15. I think the one thing nobody seems to have done is actually watch the programme! Last one I saw, the contestants ended up not being able to sell their houses and in the credits we find out both are now with Estate Agents. I understand this is quite normal! It would seem to me that this programme is more likely to make people choose an EA than go it alone!
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