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jo_gian

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About jo_gian

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  1. I meant a year. But it is still like a mortgage, a grand per month.
  2. You just summed it up nicely what the EU gave to the once richer countries - exactly nothing. Less jobs, more people, more debt, net contribution to EU. In the meantime poorer countries takes all the jobs and the knowledge coming with it + they get some nice sum from the EU on top of it. Just a few points on the brighter side. 1. In these countries there is much less talent, they already have issues with available cheap workforce. 2. Salaries are skyrocketing there, 5-10% yearly while pound is going down. 3. There is still a slight disadvantage due to language. The problem is that UK government actually discourages people from getting educated and trying to have a career by encouraging speculation (they call it attracting investment and business). Show me a person who can buy that semi detached for 700K and start his family just by being educated and having a job. And on top of it tuiton fees are now 9.5 grand per term. Who would want to learn, when it is only property speculators or maybe bankers can afford living in london? The only way out from this is to transforming to "something else" as theresa may would say. Lower pound to be more competitive, lower asset prices and lower tution fees so young people can see some kind of a future if they get educated and get a good job. We also need much lower asset prices to allow them to start families sooner and then more people will eventually mean more basis for wealth. An asset price reset would do almost all of these. We still could do it, A LOT of the big US tech companies bought HQ's in london since brexit due to low pound, as talent is still here, but we need to act soon, before we lose the trust.
  3. lol are you trolling? ALL new factories have been going to east europe for a very long time. Audi, mercedes, etc. ALL bank backoffice jobs are going to east europe. Look it up, jp morgan poland, morgan stanley hungary, etc. They've started there in 2004-2006 with the headcount of 1 after EU went east and by now there are tens of thousands of highly paid jobs there. And they want to double/triple the headcount in the forecoming years. These jobs are gone regardless of brexit. For the jobs staying here you have a lot more people competing, due to immigration from those countries, pushing down your wages. Plus brits pay a lot into EU while EE takes out money... Plus brits pay the bailout to the banks, while they are transferring the jobs to somewhere else... I just dont beleive there are british people wanting to remain, when a hardest possible brexit is what britain needs. Not WTO terms, but WTO terms + 20% on top of it. Manufacturing, backoffice and most finance jobs are lost anyway. You need a very hard brexit, so pound goes down and they might even bring back some if the jobs. And as there are no EU regulations anymore you can protect your - now much cheaper - UK assets by banning/taxing foreign ownership of things. If tech giants and research need talent they will come here anyway, as developments, software, research activities are not products that are traded, there are no customs to be paid. Especially true if pound falls due to hard brexit. WTO terms + 20% - so some low skilled work might worth doing in britain, low pound - so some low skilled work will come back to britain, extreme amounts into education of british, extreme amounts into technology and research, that's the recipe.
  4. http://www.home.co.uk/guides/asking_prices_report.htm?location=london&lastyear=1 Which one is a lie then?
  5. They value the pay and conditions much more than a british person. For them 10-17 GBP per hour is like net 6-7 grand for the average brit - they will come in even when being ill. Also in their home countries it's like you don't show up -> you don't have to come next day. And the boss handles them like pieces of shit, so the UK construction industry is like a dream compared to where they are coming from. So they actually like and value the work in the UK, that's why they show better work ethic.
  6. I don't really understand what is the plan of the EU. Let's say Le Pen and Geert do not win this time, then what? In 4-5 years time there are election times again and as EU don't want to handle the underlying issues the situation will be way worse, so it's a guaranteed EU sceptic win in multiple EU countries. Instead of bashing the UK they should realise we are right and they HAVE TO deal with the immigration and growing inequality. Even if EU does not fall apart this year, it will in 5 years time...
  7. What we have today is a huge disparity between asset prices and wages. Central banks and gov want inflation. QE and low interest rates intentionally pushed up asset prices to their new, inflated level, lets say its 100% more than before. Their expectations are that sooner or later wages will adjust to this new level, so in the end they created a huge inflation with all the QE and low interest rates. Gov need inflation so it does not need to bear the consequences of taking on too much debt. Due to the growing gap between everything vs wages, the pressure on people is increasing (this mounting pressure on you is intentionally created by central banks and governments), now two things can happen either wages pick up very soon, so they will match higher asset prices at some point or people will start defaulting on their debt and asset prices will adjust to the unchanged level of wages and all that QE and low interest rate free money will disappear. That's the reason central bankers won't raise rates even if inflation goes up to 10%. They want 10% inflation, they actually want way more than that, so they will find a lot of excuses. The only measure we need to watch is wage inflation, if it starts to rise, central bankers won the bottle and they will rob our savings once again. If wages are not improving people will eventually start defaulting on debt and asset prices will reset. The only issue is that our savings are still in the hand of bankers at that point when banks go bust. So there is no way out, we are fcuked either way by our leaders and central bankers. The only way to make sure the system cannot be abused like this is to repay all state debt, publicly shame any government who takes on any debt and make sure all bankers get a life sentence in case of their banks cannot cough up peoples deposit at any point. By the way there is nothing new in these things, in the US state debt has been repaid and central bank has been eradicated multiple times in history due to exactly the same reasons. People knew this all 200 years ago...
  8. Everyone on this planet targets the young ones when trying to make money. They have no experience and are unprepared - for them everything is new. You can sell them the "dream", movies, pop stars and a pile of bricks for a million. It is very hard to resist the temptation when you are young and haven't figured out things, especially when even the government pushes them towards taking on unseen levels of debt (in real terms). I can't blame the young ones, it is the older generation who are exploiting their own children and when they can't reproduce themselves in enough numbers due to the financial stress and the extreme levels of exploitation, they are just replaced by immigrants. When asset prices are higher in real terms, our own children will have to work and save up for much longer time to have the same assets, so they will start their families much later than their parents -> that means less children for them. The most shameful thing today is that everyone in remote countries seems to have human rights, but no one take cares of their own children. They can drown in debt, they can be exploited by banks, and we don't care if they are not allowed to have their own children. Where are the human rights of this generation and the tens of millions of never born children of our own???
  9. That was the plan after all, more and more debt for everyone to make bankers rich. We should repay public and private debt, make the inflation target 0% by backing our money with gold, then close down all banks. The ones who cannot come up with people deposits will go to prison for 100 years.
  10. Sorry, I don't read your posts. Hopefully exactly the same happens with a lot more owners, they suddenly realise top of the market is here (well, it's gone) and suddenly they want to downsize and milk someone else for as much as they can. And then millions of houses will come to the market and chains will just fall apart cause people at the bottom with cash will realise if they wait a bit more they will get more for their money. If you check the numbers you have like 1.5 months until nationwide and halifax index turns zero or negative - unless prices start increasing - the real panic will start from there. In your place I would just sell it 10-15% lower, you still made a lot.
  11. Strange that up until now you have been happy with your big house appreciating each year, now that the market turns you are suddenly a poor victim who wants to move, but is not able. Since 2010 prices went up 50% in Dorking, my suggestion is that you lower the price with just half of your mad gainz, let's say 25% and then you will have a taker for sure, but if you lower it with the whole 50% I am sure someone will buy it within 1 day. It's not liquidity problem, there are always takers if the price is right, its a greed problem.
  12. Just plain lies. Yes, you can find a few properties in ANY countries for millions, but the average is nowhere near 300K euros, whatever you say.
  13. If someone wouldn't know these links: https://www.numbeo.com/property-investment/region_rankings.jsp?title=2017&region=150 https://www.numbeo.com/property-investment/rankings.jsp
  14. Lol that 300K euro flat is very close to the absolute top in bucharest, you should compare it with the 3M euro flats in London. That's more closer to the truth: https://www.numbeo.com/property-investment/compare_cities.jsp?country1=Romania&country2=United+Kingdom&city1=Bucharest&city2=London
  15. "BoE feels it has latitude to place a higher value on economic stability" BoE does not care about economic stability, the role of central banks is to provide stability only to the financial world regardless of what happens with people and real economy. Their purpose is to turn off free market mechanisms and make sure no banks can go bust, regardless of how greedy they are, so people do not lose their deposit and does not burn down all banks. So they can just milk us for more and more money forever. That's the big idea, that's exactly the reason central banks have been originally created for, its there in all economic history books. If BoE would care about economic stability, people or any meaningful purpose it would print money for REAL businesses, to fight diseases or to build houses for people etc. Just calculate how much cheap houses US could've built from the 16 trillion dollar spent on bank bailouts up until now. You get a shockingly high number that would've solved ALL housing problem in the US for the foreseeable future. Instead of doing this they just gave it away to banks to maintain the financial sectors privileged status. Governments assist central banks in these things so they get their inflation values, which makes it possible for the government to get into more and more debt and buy the cheap votes of people who are addicted to free unearned money.
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