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House Price Crash Forum

quinster

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Posts posted by quinster

  1. This just makes common sense and is what dare I say it the older general have being doing for years.

    It is only in recent time that having a load of debt has been considered normal.

    As soon as I bought my own place I paid off the mortgage asap it is common sense

    It is good to see that others have woken up to economic reality

     

  2. AI will ensure than millions are driven into poverty.  Huge numbers of job that used to be done will disappear.  There will be mass unemployment on a scale never seen even during the 30s depression.  Driverless cars will put 10000s out of work, driverless trains already on DLR and will expand, pilotless planes are a step away from a  drone, robots will do many operations, there is a prototype machine for laying bricks which can lay to within 1mm accuracy and can work 24 hours a day. Amazon now have a test shop which has no staff.  2 local gyms near me have no staff with monitoring by video.  In Japan last week one company made 50 redundants to be replaced by AI the investment will be re-couped with 2 years.  Within 20 years this will be a reality.

  3. But the jump up is from what were the lowest figures in history the number available is still ,lower than any time before 2007

     

    This does not seem to me a huge change especially when you consider the huge number of new homes built in Croydon recent years

     

    Prices may drop as the number of new homes is ridiculous but the drop will tend to be on those new homes which will still be unaffordable to normal people not the 2nd hand market bit but they will not return to 2007 levels sadly

     

    The only thing that will reduce prices I think will be a massive UK recession which really affects the South of England and if that happens the whole Uk is pretty well shot anyway 

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