Jump to content
House Price Crash Forum
Sign in to follow this  
DonnieDarker

Hypothetical Hour...

Recommended Posts

...what would happen to house-prices if London was hit by a hurricane and hundreds of thousands of properties were wrecked?

They'd all be sold at the same price as today, but advertised as "requiring some modernisation - priced realistically to sell" ??? :lol:

Share this post


Link to post
Share on other sites
...what would happen to house-prices if London was hit by a hurricane and hundreds of thousands of properties were wrecked?

Prescott would bulldoze them down in his Jags and let Ikea build 1 gazillion flat pack 2 bed BTL boxes in their place.

Share this post


Link to post
Share on other sites
...what would happen to house-prices if London was hit by a hurricane and hundreds of thousands of properties were wrecked?

Careful Donnie. Some people round here don't understand the word hypothetical. You'll be branded a commie if you don't watch out..... <_<

In response to your query - prices would rocket due to the shortage of housing created. :lol:

Share this post


Link to post
Share on other sites
I agree.

Surely prices would be at an incredible premium then...there would be som many displaced too...rentals would boom in surrounding areas.

No London = Greatly Reduced pull for Investment Banks/Insurance/etc = all information based -> relocation to Continental base (would say Hague but I'm guessing that would be in the same flooded state), so Paris / 'furt / 'munich - or further afield. Someone is going to suggest relocation to Manchester........ :rolleyes:

Which leaves us with ....... our tangible industries, they can't relocate on a sixpence ...... oh hang on, we're a mature "service" economy now.

/G

Share this post


Link to post
Share on other sites
No London = Greatly Reduced pull for Investment Banks/Insurance/etc = all information based -> relocation to Continental base (would say Hague but I'm guessing that would be in the same flooded state), so Paris / 'furt / 'munich - or further afield. Someone is going to suggest relocation to Manchester........  :rolleyes:

Which leaves us with ....... our tangible industries, they can't relocate on a sixpence ...... oh hang on, we're a mature "service" economy now.

/G

Most of the large corporations have large standby offices (yes, with all of the hardware they need to function) outside of London. This means that they could continue to function. They take disaster planning very seriously due to the business risk it poses.

A freak hurricane hitting London would not be reason to abandon the city. They would come back unless there was a continued significant risk.

Share this post


Link to post
Share on other sites
Most of the large corporations have large standby offices (yes, with all of the hardware they need to function) outside of London. This means that they could continue to function. They take disaster planning very seriously due to the business risk it poses.

A freak hurricane hitting London would not be reason to abandon the city. They would come back unless there was a continued significant risk.

I think you're attempting a lecture on infrastructure replication and redundancy to the wrong person. I think more Soft Systems.

Sure, your technology is replicated out in Manchester, Thetford or Ipswich, but your people networks are in the City. London lifestyle and business culture pulls the corporation's staff there. 'London' wouldn't work spread over the country, no matter how much redundancy companies have in their info systems.

People I've worked with would prefer to move to another financial centre than commute out to some standby in Hayes. You infrastructure might be replicated anywhere, but your soft systems and culture are probably already replicated in Paris, New York, Stockholm, 'furt (okay maybe bad example for soft networks), etc, etc.

/G

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 302 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



×
×
  • 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.