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About petetong
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It appears they think the biggest risk to them is a collapse in house prices. They don't care if the poor can't eat or heat and pensioners have to live on a bus to keep warm, given most won't vote for them. As long as their voters house prices stay at the current level or higher they think they are good in the polls. Plus of course they don't want their own property portfolios to decrease in value.
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BBC said it was 6 to 3 in favour ?
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BoE decision this week - predictions?
petetong replied to henry the king's topic in House prices and the economy
Was 0.5% the expected rise from the FED ? -
It will but development in robotics/AI/machine learning is moving very quick: "Their robots can easily walk, climb stairs, navigate unstructured environments, carry packages, stack goods, and work indoors or out, all of which are skills that were elusive within robotics development even a short time ago." No doubt these or a variation of them will replace humans or most of them at some point at Amazon: https://www.zdnet.com/article/amazon-invests-in-robots-that-work-alongside-humans/
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"Because the post-lockdown rush has died down, she has only been able to sell the property for just under £1.9m. That is 14pc less than she paid for it, meaning she has lost more than £300,000, plus fees. “There are still far more buyers than sellers, but a little more reality is starting to creep back into the market as it starts to slow down,” said Mr Warner." "Jennie Hancock, a West Sussex buying agent, noted another client who in the summer of 2020 bought a house near West Wittering for over the odds. “It had a guide price of £2m, and went to telephone bids. We suggested that they pay a maximum of £2.3m or £2.4m. They bought it for £2.7m,” said Ms Hancock – 35pc over the asking price." https://www.telegraph.co.uk/property/uk/property-seller-overpaid-pandemic-frenzy-made-300000-loss/