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House Price Crash Forum

u4d18

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About u4d18

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    HPC Poster
  1. I looked at your index and I'm with sledgehead, on the face of it, it looks impressive but as we can't see what raw data you're inputting and the process for determining the outputs we're having to take your word for it. From the looks of it you're inputting alot of 'soft' variables i.e. weighting/scores that you've derived from 'market sentiment' etc, not hard economic figures. Maybe if you explained what you're inputting, where you get the figures from, how they are manipulated and used to calculate the index then you'd get more credit.
  2. Isn't that the requirement of any pyramid scheme? Everything works fine until there's no more people to join at the bottom.... Just a confirmation that housing bubble is the biggest pyramid scheme in the world...
  3. Although I'm an engineer I also do hands on work with tradesman. I can tell you now that the difference between a trademan and an amateur (who knows what they're doing) is not so much quality as speed of work. Tradesman with experience can do a good quality job quickly.
  4. Who said they were happy to pay that much? Maybe these people pay out of ignorance because it's the same rate everyone else is paying. As you say, it's the law of supply and demand, and personally I don't feel bad that the pay for relatively mediocre skilled work is dropping. It's not like builders were lowering their prices when they were in demand.
  5. I agree with the OP. There are so many brickies and other trades getting paid far too much money for the 'skills' that they have. I'm a chartered engineer and I have practical electrical installation experience etc. These guys are getting paid far more than their skills warrant. I've done block laying, joinery and plumbing and it's not rocket science, I've seen a few of these 'new builds' and the quality of work is sub-standard; from hanging doors, wiring, plumbing, brickwork, painting etc etc. I think most of you lot need to take a dose of reality and realise that building trade jobs do NOT warrant the levels of pay that they're getting. To be honest, I think that most people in this country are so thick, lazy and impractical that they have no idea how easy some of these skills are. Often it's more hard work than skill that's necessary. As a case in point, my bro-in-law is building a house, the cost to do the foundations by a contractor would be approx £15K. In raw materials it's cost him less than £3K. Whats's the £12K difference? Wages, profit and greed...
  6. Heh, I think it goes way deeper than europe. I'm now beginning to think that Iraq was the last throw of the dice in the game to control resources before the inauguration of the NWO policy of resource control and one (developed) world government. As a world we've reached a point where demand and supply for natural resources to maintain the 'western' lifestyle is now at saturation. Rather than let the world sink into anarchy and war, the elite have made the majority slaves through easy credit and a few years of 'high living' on the back of percieved wealth. Brown, Blair and the rest of the cronies will have been promised plenty for compliance (just look at Blair's 'rewards' now, they're not even trying to hide it). Most people have no choice but to be compliant and subserviant to the systems that will be setup. Most people will want a 'saviour' to fix the broken economies. Brown is just a puppet for the elite, he's duped the majority for as long as necessary. Why do you think he laughed during the budget? Everything is now in place, we can only watch the world wide financial crash unfold around us. The governments are creating money from thin air, both europe, america and britain, because they know it doesn't matter. World wide cheap credit was only a guise to bring in resource control. What if america joined the EU and adopted the euro? Now that would be interesting. Combine the world's food producers in one common market you control the world.... One measure of wheat for a days wages..... I don't think those days are too far away.
  7. Dubsie, you're spot on. I worked for the same company for nearly 10 years (I'm an instrument and control engineer). When I first started the company was very training orientated. But slowly this has dwindled from doing a number of courses every year on updating technical skills to doing only mandatory courses for health and safety (e.g. fire fighter refresher training every 2 years...). training budgets have been slashed and the idea for developing engineers is to buy them in.... which we're failing at because good quality engineers are in short supply. At least our company still has it's apprenticeship scheme, but there is a gap between the trade and the engineer that isn't being met,
  8. You're right. But maybe if we'd graduated with horrific debts our priority would be financial...
  9. Yup, you just have to look to Northern Rock to see that. The really, really annoying part for me is.... Where was the government during the Rover crisis? Rover only needed a drop in the ocean compared to NR. What about the steel industry? Or coal? Or farming? How come an institution that only recycles money gets a bail out when those that generate money are shoved on the scrap heap... Actually I probably shouldn't use the word scrap heap now because with the price of metals it's got far more value than NR...
  10. It's easy to say but IMO it's impossible to implement, through successive governments we've destroyed our own industrial base so that even if we wanted to return to an industrial/engineering/manufacturing sector we couldn't because we're so far behind the rest of the world in terms of technology and competitiveness. The funny thing is that both France and Germany which have supported their industrial and engineering sectors with public money during the lean years are now reaping the rewards as the far east come knocking at their door. Simple example is nuclear, Sarcozy is jet setting round the world signing contracts for nuclear power station construction etc, Germany is exporting their cars and other engineering products to the far east. Going back to nuclear, britain also did alot of research into nuclear but it was shelved and decimated during tory and labour governments. Just like many sectors we used to be at the forefront of the industry in terms of innovation, but we're so far behind the big players that it's a waste of time trying to compete. I'm an engineer, my great grand father was an engineer, I remember him telling me all about the engineering shows that britain used to run and how visitors from all over the world would come to the innovation and latest ideas. There's nothing like this now, britain is a sleepy hollow with a quaint history, we should start getting used to a far lower standard of living.... Additionally, on the competitive side... if you combine the poor investment in manufacturing and engineering with the inefficient labour force and government red tape and then it's a cocktail for economic suicide. The problem is we've been drinking it for years but we've (both government and people) have been able to borrow our way along until the line of credit is running dry (now).
  11. Got a little more info... Aparently the London cuts will be many higher level high paid jobs... I guess they've already outsourced most of the lower jobs anyway, but this round of job cuts is going to be very deep. They've also banned foreign travel (business) unless it's absolutely necessary. Going ffrom a company that flew people around business class for a couple of hour meeting in america and then all the way back I'm guessing that credit tightening is beginning at home...
  12. Anyone else heard the rumour that citi are cutting 30-40K jobs world wide and 3K in london? Announcement is apparently next week. I wonder if this will replicate across the banking sector...
  13. Nice post cgnao, a picture paints a 1000 words... It's not like they had much choice, it was either increase rates and watch the country crash with people going bankrupt, lower interest rates and watch the country crash with high inflation and people going bankrupt, or leave the rates alone and watch people go bankrupt through high inflation. It's too little too late either direction. Personally I think it's a crass political move by Gordon Brown to boost his ratings among the ignorants and to show that they are taking 'action'. Doing nothing is unacceptable in this climate...
  14. Please can someone point me in the direction of a set of commodity tracking ISA's? I can't find them and have been looking for a while.
  15. There's alot more riding on the success of the Euro than Europe. It'll work because it has to work, otherwise the world as we know it will no longer exist and global hyper-inflation will ensue possibly leading to world war 3. If there isn't a globally recognised stable currency then there is nothing on which to hang the rest of the currency systems. It's pretty simple principle, the global acceptance of monetary value i.e. the percieved value of money, relies on a standard for comparison. Knowing that my £1 is worth $2 gives me an illusionary sense of security knowing that I can trade my money for services and goods around the world, i.e. it's the collective agreement that gives it cohesion and strength. When the agreement and cohesion unwinds the whole house of cards comes down because what is money other than a trading tool? By itself it has no value other than perception. So, the euro is the new dollar, but it doesn't want to be. Interesting times.
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