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House Price Crash Forum


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Everything posted by Pindar

  1. Hitler attained power in March 1933, after the Reichstag adopted the Enabling Act of 1933 in that month, giving expanded authority. The bit about expanded authority (covid legislation passed a year ago) is basically suspending years of parliamentary traditions and rubber stamping mandates and restrictions with little or no debate. So while the UK might not have declared itself as an out and out dictatorship, it's been apparent to many that it's heading in a worrying direction, particularly as the government seems to be in no hurry to relinquish their new powers. I hope I'm wrong but like post 911, powers were meant to be temporary, I suspect many of the powers acquired in the last year will never be relinquished, particularly freedom of assembly, freedom of movement and association.
  2. Yeah and that's the publicly stated budget. In reality it will likely double or triple that figure and suck vast sums away from actual healthcare. Corruption knows no bounds.
  3. Forgive me if I'm wrong but is that not how Hitler became dictator? He won a democratic election and used various acts to transform Germany into a dictatorship, including the use of fear based propaganda and the threat of communism after the burning of the Reichstag, which was blamed on a communist.
  4. Had a heat pump for 10 years now in different houses. TBH the only complaint about noise was when using it as air conditioning since people sit outside in the summer and have their windows and doors open. Modern heat pumps are efficient down to around -20 which is pretty uncommon in blighty.
  5. Not sure if the incentive to have a bolt hole in the sun is quite the same as it once was. Given how people came to take cheap air travel for granted and seeing how quickly it can all be brought to a halt, I'd imagine people with any sense would put spare money into other things like home improvements or second homes in the UK. For some though, having the money for a first home is the problem and second homes are a first world problem. For some, it would make more sense to work remotely on a permanent basis in some other location or country, now that remote working has opened up to a much bigger set of the working population.
  6. Presumably it's related to the ongoing crisis. The last thing the government wants is people accusing them of hypocrisy when our own people aren't allowed to travel.
  7. Let all the ex Hong Kong Chinese take their pick. 600,000+ and with skills in high value professions and cash in the bank. Could have been a pure fluke or calculated move (just like with Blair and Eastern Europe).
  8. I think it should put the cat among the pigeons but at least they are likely to buy with real money, unlike the BTL brigade. Who knows, perhaps opium dens will make a comeback.
  9. Rent seeking to supplement a subsistence level state pension is a symptom of a broken system, obviously. If you were to go back to pre industrial life, the elderly and those unable to work would either have perished or been looked after by their offspring. Average life expectancy has increased since then but the ability of the "free market" is still unable to sustain all of the elderly in a way that's both dignified and cost effective. I don't blame boomers for realising this and attempting to take it into their own hands. If they hadn't then the state would have been forced to step in and if the British state is anything to go by, it would not be pretty. You could argue that bitcoin is, in a way, the result of a handful of smart people attempting to react to the same inability and refusal of a corrupt system to more equitably run the financial system. All these systems are based on pure self interest and there is, unfortunately, no magic benefactor to wave a magic wand and correct all the imbalances. The result will be a slow motion meltdown and ever more desperate attempts by the existing power structures to maintain the status quo.
  10. The influx from Hong Kong will add a dynamism and intelligence that will be needed to a) reconstruct the British economy after the economic destruction wrought by the pandemic and b) generate the tax receipts necessary to pay all the UBI to people who've lost their livelihoods due to the pandemic and ever increasing automation. It might also increase demand for HMOs. Britain probably seems like a kind of land of opportunity to people coming from densely populated Hong Kong.
  11. Seems more like agricultural land is where it's at
  12. Hong Kong’s sky-high property prices have made it difficult for the younger generation to get on the housing ladder. Hilarious how they are still talking about this mythical housing ladder. Was the article written by a bot?
  13. Yes, it's definitely a casino in the purest sense. At least the stock market, with its apparent detachment from reality, is based, in most cases, on real businesses which generate revenue etc.
  14. I agree. I also think bitcoin was created as a means of quelling meaningful rebellion among millennials and those who missed the property boat. It's offering a canny few the opportunity of "money for nothing" , similar to the boomers and their bricks and mortar mantra. The almost scripted and unconditional recommendations of "buy buy buy" for crypto has a familiar ring to it and smacks of social engineering where the heroes are Satoshi and Musk instead of Kirsty and Phil, together with the same insane ramping and blatant price manipulation by whales etc. Real investing and financial sense is unfortunately not taught in schools. To coin an Internet cliche, "generating multiple income streams online" is not a zero sum game and any worthwhile investment or business takes effort.
  15. Ironically, those heavily "invested" in bitcoin and gold spout about it being inflation proof but have they considered that if there is real hyperinflation or economic disruption that their assets will buy proportionately less in the real world as real prices escalate. There's also the threat of cyber attacks, loss of Internet and inability to swap assets for useable currency. On the economy in general, isn't it true that anything of any value has already been effectively price fixed to maintain its real world value - in other words, the confluence of wage levels, interest rates and selective availability of credit all conspire to ensure that the average punter has no escape from lifelong serfdom? Whoever controls the credit taps has total control over house "values". What really matters is your time and the amount of it you can say is yours , not how big your house or car is or how exotic your next holiday
  16. It's a precarious situation and I have considered deflation as a possibility . Could be turning Japanese?
  17. The mechanism by which a lot of this printed money will spill over into the economy is not increasing the amount of money in circulation, except between borrowers and lenders. I therefore cannot see how we'll get severe inflation, at least not in the debt-busting sense. If anything, the inflation might be in food prices, supply shocks etc.
  18. So you can't back up your outrageous slander with evidence? But of course. There is none!
  19. So all those newspapers just made it up.
  20. Do you often quote nonsense from your favourite communist rag?
  21. How terribly inconvenient for you. Still, there's the remaining 50% who can. Better dumb down the education system a bit more eh?
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