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About Guest_GradualCringe_*

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  1. Points 2 & 3 contradict. Where I am buying and renting are both absolutely dreadful, did I not make this clear in my previous posts? I'm looking for a way out and buying outright in a much cheaper area, although not ideal, is one way to mitigate future losses (it would also allow me some space, a garden, and some decent neighbours). For example, buying a naff, cramped, 3 bedroom semi in the South East, in some areas is £300,000+, if that halves in value, the absolute loss is £150,000. In some places further from London, it seems possible to buy 3 bedroom semis for under £130,000, if that
  2. Where I am that just doesn't hold true, the interest paid on the savings required to buy the home I'm currently renting would cover about half the rent. Annecdotely I've noticed that friends and family who have been renting the same place for years, have not had their rents raised in line with the market and are paying significantly below market rates. Everyone else seems to be doing their best to make a choice between space, neighbourhood and distance to work, of which there is very little room to wriggle, in order to afford to live.
  3. Last point first, I don't find that with renting at all. Anything other than a toilet in a bad part of town, and land lords are asking for half of my income every month. Renting 2-3 bedroom house with a garden is impossible, and I've spent most of my adult life living in cramped flats with bad neighbours. Did you read the end? It's a way out for me. I expect to lose some money at some point in the future, but with the government doing what it is doing, we are all going to lose, the trick is to lose as little as possible, which is difficult when it all hangs on trying to second guess the po
  4. Not at all, certainly round my way rentals are very expensive, such that renting anything other than a disused toilet burns through most of my income, making it almost impossible to save. I'm sure Bruce Banner will point out that the rent he pays is very cheap, and has been for many years, however, would he still say the same thing if he was looking to rent a property on the market at the moment? For me it's an absolute nightmare. I could understand why someone, if they had toughed out a cheap horrible rental and saved over several years, why they would want to buy with little or no mortgage
  5. From the article: "Mr White said the world has become addicted to easy money, with rates falling ever lower with each cycle and each crisis. There is little ammunition left if the system buckles again. “I don’t know what they will do: Abenomics for the world I suppose, but this is the last refuge of the scoundrel,” he said."
  6. The key difference is that in a command economy the winner is judged by committee via some abitrary measure, not by a system of prices.
  7. Which is the crux of the argument against centrally planning complex processes, and why a company will often split itself into inividual business units to avoid this problem. It's also why this doesn't work for the NHS, because the smaller units of the NHS don't get to generate or allocate revenue. There's no real measure of success or failure.
  8. To be bloody minded, individual employees may well compete with each other for better pay and conditions i.e. a greater share of available resources from the company. On a large scale however, a company will direct man power toward products that are selling successfully, over those that aren't.
  9. A command economy is one organised purely by arbitration (whatever that might be, be it a moral code, dice, or a plan formed by such heuristics), rather than market prices. There is competition within large companies, resources are strongly organised along the lines of "Those that produce product A", and "Those that produce product B". Clearly if Product A is a runaway success and generates lots of revenue, the company are going to direct resources to further Product A, further, supporting infrastructure and staff will be broadly organised (IT, etc.) along those lines too. In very large compa
  10. From the article: Has the person who wrote this article ever worked for a proft making company? I don't know of any activity within a company I've worked for/had a hand in running that wasn't constrained by prices and/or a budget of some sort i.e. decision making was guided by market prices. For the quote to be true, i.e. for a company to successfully stay in business and ignore prices i.e. continually do any old thing because the managing director thought it would be a good laugh for example, it would have to have the ability to call upon an abitrary stream of revenue.
  11. No company can command a revenue stream (i.e. go round to peoples homes with a big stick and ask for donations). Ultimately it has to rely on budgets, prices, and their customers (i.e. the market)
  12. No company can be fully command and control unless it can forcibly command a revenue stream too, without which of course, re-organisation of production within a company, although initiated by a manage or director, will ultimately be constrained by a budget.
  13. Internal markets don't work in the NHS and such like is because they are a form market socialism (see the work of Oskar Lange, of which there are some very persuasive critiques), not ultimately governed by prices and markets. I don't know of any company that can ignore prices, profitability and revenue streams, unless it can call and rely upon sizeable government back handers. The logical conclusion of the article is that a company over a certain size can create products and services nobody wants (even do nothing at all) and remain in business. And before anyone mentions banks, they are the
  14. It's not London, how anyone is able to live there I do not know (the £850 per month 1 bedroom flat, in Deptford, with the bed jammed in at an angle, and absolutely no storage space springs to mind, was featured in the Daily Mail having a laugh at "messy" tenants). Thankfully since the summer break has finished a bunch of properties have come on to the local lettings market, at less than the rent I'm paying now, for the same size property. I was panicking a few weeks back because there was so little on the market, and all of it more expensive. I'll give the agents a ring shortly, and highligh
  15. That, or earning a lot more money to live in better neighbourhoods. I'm not sure which is the more realistic of the two.
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