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Realistbear

Jobs Evaporate In Kent

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Pity these poor people who may have bought houses near or at the top of the market--or have MEWed like there is no tomorrow. The economy is sending signals of trouble--deep trouble.

http://news.bbc.co.uk/1/hi/business/4595530.stm

About
1,600
jobs are to go in Kent and Bristol with the closure of two depots operated by supermarket chain Morrisons, the company has confirmed.

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Pity these poor people who may have bought houses near or at the top of the market--or have MEWed like there is no tomorrow. The economy is sending signals of trouble--deep trouble.

http://news.bbc.co.uk/1/hi/business/4595530.stm

About
1,600
jobs are to go in Kent and Bristol with the closure of two depots operated by supermarket chain Morrisons, the company has confirmed.

Nah, these jobs were doomed the day that Morrisons took over Safeways. Thats no comfort to the people involved but they have had along time to get used tothe idea.

This is just Morrisons making economies of scale in the distribution side of the business and in no way realtes to the state of the economy as a whole. It just reflects Morrisons desire to do away with excess capacity that is no longer needed, in parts of the country where it doesn't make sense to have it.

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Nah, these jobs were doomed the day that Morrisons took over Safeways. Thats no comfort to the people involved but they have had along time to get used tothe idea.

This is just Morrisons making economies of scale in the distribution side of the business and in no way realtes to the state of the economy as a whole. It just reflects Morrisons desire to do away with excess capacity that is no longer needed, in parts of the country where it doesn't make sense to have it.

I am sure when the home owner explains that to the bank manager he will understand :)

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For years now the UK property market has been making investors vast fortunes. Prices have risen some 500% since 1992, meaning that those able to leverage themselves up and keep buying and selling have been able to multiply their capital many times over.

Property investors are convinced that the property market has bottomed and will soon be turning up. After the recent levelling off in house prices, there will be plenty of pent up demand for property from STRs and FTBs who have been patiently waiting for the crash and have been badly let down by the doom mongers predictions of an imminent crash that has yet to happen.

Many STRS and FTBs are now fed up of renting and seeing that house prices are unlikely to fall in the foreseeable future are desperately scrambling to get back onto the property ladder in order to beat the traditional Spring rush for property.

Property prices are set to enjoy a massive boost this year because of the tremendous feel good factor that will be created by the support for the England football team in their participation in the World cup in Germany to start in July.

If the England football team succeed in winning the World Cup this will give a tremendous boost to house prices for the remainder of the year.

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Nah, these jobs were doomed the day that Morrisons took over Safeways. Thats no comfort to the people involved but they have had along time to get used tothe idea.

This is just Morrisons making economies of scale in the distribution side of the business and in no way realtes to the state of the economy as a whole. It just reflects Morrisons desire to do away with excess capacity that is no longer needed, in parts of the country where it doesn't make sense to have it.

It may well be a legacy of the Safeway takeover but Morrisons first ever annual loss and recent profit warnings tell a tale about its prospects as does this link http://www.freshplaza.com/2005/09dec/rn2_uk_morrisons.htm

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For years now the UK property market has been making investors vast fortunes. Prices have risen some 500% since 1992, meaning that those able to leverage themselves up and keep buying and selling have been able to multiply their capital many times over.

Property investors are convinced that the property market has bottomed and will soon be turning up. After the recent levelling off in house prices, there will be plenty of pent up demand for property from STRs and FTBs who have been patiently waiting for the crash and have been badly let down by the doom mongers predictions of an imminent crash that has yet to happen.

Many STRS and FTBs are now fed up of renting and seeing that house prices are unlikely to fall in the foreseeable future are desperately scrambling to get back onto the property ladder in order to beat the traditional Spring rush for property.

Property prices are set to enjoy a massive boost this year because of the tremendous feel good factor that will be created by the support for the England football team in their participation in the World cup in Germany to start in July.

If the England football team succeed in winning the World Cup this will give a tremendous boost to house prices for the remainder of the year.

Kate, prepare thyself .... you have just thrown yourself into the bear pit !

You clearly are one very game lady, with a post like that.

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I am sure when the home owner explains that to the bank manager he will understand :)

It does say that the closures are due to over capacity in their supply depots.

However there are going to be many more redundancies this year (the economy has already slowed down, and the job losses are taking time to come through)

It's just the economic cycle taking it's toll.

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For years now the UK property market has been making investors vast fortunes. Prices have risen some 500% since 1992, meaning that those able to leverage themselves up and keep buying and selling have been able to multiply their capital many times over.

Property investors are convinced that the property market has bottomed and will soon be turning up. After the recent levelling off in house prices, there will be plenty of pent up demand for property from STRs and FTBs who have been patiently waiting for the crash and have been badly let down by the doom mongers predictions of an imminent crash that has yet to happen.

Many STRS and FTBs are now fed up of renting and seeing that house prices are unlikely to fall in the foreseeable future are desperately scrambling to get back onto the property ladder in order to beat the traditional Spring rush for property.

Property prices are set to enjoy a massive boost this year because of the tremendous feel good factor that will be created by the support for the England football team in their participation in the World cup in Germany to start in July.

If the England football team succeed in winning the World Cup this will give a tremendous boost to house prices for the remainder of the year.

Every spike has its valley. Crashes have characterized the property market ever since the 17th Century which was the first known speculative bubble. There has never been a period of growth that has not been followed by a commensurate period of correction. Its an immutable law. House prices are sentiment driven and fall when economic realities curb the irrational exuberance and belief in the abolition of downward price trends. If you examine the price spikes in housing over the past 50 years you see that every spike is followed by a trough. Never a plateau. Never an uninterupted upslope. I STR and love my rented accomodation (350k house for 750 a month rent!) because I have invested the proceeds of sale and enjoyed a 16% return in 2005 while houses in my area dropped 10%. That's +26% in one year. Fed up? Not yet. :lol:

Edited by Realistbear

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It does say that the closures are due to over capacity in their supply depots.

However there are going to be many more redundancies this year (the economy has already slowed down, and the job losses are taking time to come through)

It's just the economic cycle taking it's toll.

Morrisons were forced to sell 200 stores. On average 1 depot supports 50-70 stores. So its hardly surprising warehouses had to go.

While the economic cycle will take its toll elsewhere in this case its simply the monopoly and mergers decision having its impact.

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For years now the UK property market has been making investors vast fortunes. Prices have risen some 500% since 1992, meaning that those able to leverage themselves up and keep buying and selling have been able to multiply their capital many times over.

Property investors are convinced that the property market has bottomed and will soon be turning up. After the recent levelling off in house prices, there will be plenty of pent up demand for property from STRs and FTBs who have been patiently waiting for the crash and have been badly let down by the doom mongers predictions of an imminent crash that has yet to happen.

Many STRS and FTBs are now fed up of renting and seeing that house prices are unlikely to fall in the foreseeable future are desperately scrambling to get back onto the property ladder in order to beat the traditional Spring rush for property.

Property prices are set to enjoy a massive boost this year because of the tremendous feel good factor that will be created by the support for the England football team in their participation in the World cup in Germany to start in July.

If the England football team succeed in winning the World Cup this will give a tremendous boost to house prices for the remainder of the year.

Its either another incarnation of Bill Gates or someones been cutting and pasting

:D

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Kate, prepare thyself .... you have just thrown yourself into the bear pit !

You clearly are one very game lady, with a post like that.

So you did not recognise Bill Gates aka Roy Kinnear, aka Kate Bush the cut and paste King. :rolleyes:

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If the England football team succeed in winning the World Cup this will give a tremendous boost to house prices for the remainder of the year.

Were you the person who said that prices would rise following the election of the pope last year?

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For years now the UK property market has been making investors vast fortunes. Prices have risen some 500% since 1992, meaning that those able to leverage themselves up and keep buying and selling have been able to multiply their capital many times over.

Property investors are convinced that the property market has bottomed and will soon be turning up. After the recent levelling off in house prices, there will be plenty of pent up demand for property from STRs and FTBs who have been patiently waiting for the crash and have been badly let down by the doom mongers predictions of an imminent crash that has yet to happen.

Many STRS and FTBs are now fed up of renting and seeing that house prices are unlikely to fall in the foreseeable future are desperately scrambling to get back onto the property ladder in order to beat the traditional Spring rush for property.

Property prices are set to enjoy a massive boost this year because of the tremendous feel good factor that will be created by the support for the England football team in their participation in the World cup in Germany to start in July.

If the England football team succeed in winning the World Cup this will give a tremendous boost to house prices for the remainder of the year.

pmsl

So is that "theory" gonna work in Scotland then? :lol::lol:

NDL

Edit - Don't know why I'm asking a question. You won't answer any of the questions you will be asked on this thread.

Edited by New Darker Law

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Probably to expect a smiliar thing with Boots and Alliance unichem when they merged - there will be sure to be layoffs at their distribution centres.

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'If the England football team succeed in winning the World Cup this will give a tremendous boost to house prices for the remainder of the year. ' :lol::lol:

Nice sunset tonight, I think prices are on the rise again.

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If the England football team succeed in winning the World Cup this will give a tremendous boost to house prices for the remainder of the year.

That is the funniest thing I have heard for a long time. Are you seriously suggesting that house prices will go up if England win the world cup. Would they have gone down if they didn't qualify.

If Rooney scores a hattrick is that a sign to mew.

Kate seriously. I love your records but please - It's time to quit.

Edited by eurows

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Oh no! I really want us to lift the world cup, but I also really wanna buy a house for a knock-down price. What shall i wish for?

Well i'm going to the World cup so here is one FTB that is delaying buying for another year!

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Property prices are set to enjoy a massive boost this year because of the tremendous feel good factor that will be created by the support for the England football team in their participation in the World cup in Germany to start in July.

If the England football team succeed in winning the World Cup this will give a tremendous boost to house prices for the remainder of the year.

Another reason to look forward with anticipation to the moment when some poor overpaid sap balloons his penalty into the Stadion signalling England's exit from the cup.

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For years now the UK property market has been making investors vast fortunes. Prices have risen some 500% since 1992, meaning that those able to leverage themselves up and keep buying and selling have been able to multiply their capital many times over.

Property investors are convinced that the property market has bottomed and will soon be turning up. After the recent levelling off in house prices, there will be plenty of pent up demand for property from STRs and FTBs who have been patiently waiting for the crash and have been badly let down by the doom mongers predictions of an imminent crash that has yet to happen.

Many STRS and FTBs are now fed up of renting and seeing that house prices are unlikely to fall in the foreseeable future are desperately scrambling to get back onto the property ladder in order to beat the traditional Spring rush for property.

Property prices are set to enjoy a massive boost this year because of the tremendous feel good factor that will be created by the support for the England football team in their participation in the World cup in Germany to start in July.

If the England football team succeed in winning the World Cup this will give a tremendous boost to house prices for the remainder of the year.

Well , I read this over and over, but still I fail to see any relevance to the Morrisons story.

Moroninc and trolling, the only significance it could possibly have is if Kate Bush is the

HR Director of Morrisons who has been ordered to derail the thread, or join those depot

workers.

Needless to say, Kate Bush has not replied to a single post since.

ABB

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Guest Bart of Darkness
Kate, prepare thyself .... you have just thrown yourself into the bear pit !

You clearly are one very game lady, with a post like that.

Or a very confused "lady" indeed.

Kate also logs on as Roy Kinnear. :blink:

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  • 301 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%



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