Jump to content
House Price Crash Forum


New Members
  • Content Count

  • Joined

  • Last visited

About tensecs

  • Rank
    HPC Poster
  1. I was told the following by one of my fathers friends who was a young man at the end of the last war and an engineer. He toured a factory in Italy and saw that it was operating brand new American-built machines, thanks to the Marshall plan. In Britain we were struggling on with pre-war (beautifully built) British Machines.
  2. Similar boat as Mondo, but Mrs T applied significant pressure once our lovely rental was sold (by massively indebted couple who drove BMWs and holidayed in the Maldives ffs) and the one we found was dark and gloomy. Also picked up on bubble in '02 and (having predicted the dot com bust in '99) sold my foot-on-the-ladder place in '03. Figure of fun locally in 06 with catch phrase "I'm waiting for the great crash of '05". We bargained hard, but purchased early '07, so undoubtedly we could have borrowed less if things had happened sooner. Happy, though still troubled by strange feelings of euphoria over disastrous news that I had thought buying would cure.
  3. I hate renting. And I hate buying into this mad mad bubble.
  4. But it is. It does my head in. I simply lack any ability to fortell the future to any degree whatsoever. Compound interest is powerful it might be negated by inflation. Property might crash.
  5. that WAS my point. independence might create an opportunity to downsize. TB is irrelevant, even AS is not expecting independence in 6 months.
  6. If a break up of the union allows "us" to finally get rid of "our" army etc. then let's wish the scots on their way. its hard enough downsizing a fishing fleet. "defense" eats most of our taxes, imagine how cheap it would be to collect only the first half of current taxes. defense contracts are rarely ethical, inevitably corrupt & the defense "industry" blinds us to opportunity, ie nuclear fission and fusion instead of solar and wind.
  7. you dont have to believe in the extremes. All you have to do is accept that the world as we know it will be different if energy becomes more expensive. for instance the nuclear lobby love to point out that wind power can only supply 10% of our demand and only when the wind is blowing. if electricity were entirely powered by wind then 100% of demand would apply only when the wind is blowing. thats extreme, but its not unreasonable to imagine not very sophisticated technology switching on non-time critical machinery (washing machines) when the price per kw/h drops (when the wind blows). we have an excellent wind resource and wave power could probably meet todays inefficient demand. I accept that there are countries better equipped than the uk to profit, but insist that loosing large mass-production is not as disasterous in the 21stC as it would have been in the 20thC. And that it might be more efficient for a bunch of lawyers and ad.men to react than to have the state retrain.
  8. totally agree about the forseeable. but am arguing for less of the same, significant shifts etc. future in which Coal is "last century" and therefore so are coal plants but so is Nuclear power. I am imagining a more decentralised energy supply to a cottage industry. being well-placed means being part of europe, with its wealth, diversity, infrastructure. within europe uk is perhaps ahead of the game only because we have fewer (potential) dinosaurs, mass production, nationalised institutions.
  9. again that doesnt seem too awful a prospect. If the average house price can buy x tonnes of pineapples now, I would be happy if that ratio were slashed to 1/100 x. 1/1,000 x mightn't be so bad either. but i dont think that sterling is going to become worthless. my view is that the world is changing and that the uk might be well placed to adapt to different conditions, China's development may prove to be "very last centuary"
  10. I think the UK might be quite well placed for a return to cottage industry. You can consider that the only real resource is labour. Our workforce is mentally mobile, by which I mean that we expect to have to find more than one job in a lifetime.
  11. not necessarily. look at cuba. they had 5 hungry years, now instead of subsisting on imported grain they have a local-based food production. the key there was education, and fertile soil. the uk is fertile and we are a knowlege economy apparently. basing this on an article called the future of food - never actually been to cuba.
  12. wow my thoughts exactly. but i think the death of manufacturing in the uk has been exaggerated. heavy industry, employing masses has gone - but there are still skilled people working and training. I think that if the problems of the last centuary will be solved it will be by small scale inventors working interdependently, not by corporations.
  13. i missed it. How (apart from raising IR) can the politicians prepare the ground? and they cant even raise IRs - thats the independent BoE's job.
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.