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eric pebble

The Guardian is telling us THINGS ARE BAD.....

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WE all have seen for years and years how the Grauniad never makes up its mind....  It's been blatantly pro-pwoperty -is-good-all-the-time for as long as I can remember...  but see some quotes here:

 

Councils across England are under huge pressure to adopt a more expansive investment strategy, as their funding from central government is slashed. Many have responded by loading up with debt to play the property market, exposing some to a ticking timebomb of high borrowings and the nascent threat of a property-market collapse.

The omens are not good for retail landlords. Last week the real estate adviser Altus Group forecast that 23,000 shops would close in the UK this year – with a loss of 175,000 jobs – while the Royal Institution of Chartered Surveyors (Rics) told valuers to be “aware of the potential for significant changes in value” in retail properties. Last month fund manager Fidelity International warned that UK retail properties could lose up to 70% in value as a result of rent cuts. The correction would be driven in part by a 10-40% reduction in rents to make them affordable for bricks-and-mortar retailers, Fidelity said.

 

https://www.theguardian.com/business/2019/jan/26/small-supermarket-wales-owned-surrey-casino-property

 

 

Edited by eric pebble

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It's interesting to me this talk of retail collapse as literally right outside my office a new retail park is being built on land that has sat unused for 10-15 years. In my own town there is plans being put forward for a large retail centre on the outskirts of town so with all this talk of retail Armageddon who do they think will be shopping there ?

On flip side Rushdon , Northants has a new retail park , Rushden lakes and that place at least traffic wise is busy every weekend 

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Looking at these Guardian salary ranges https://www.glassdoor.co.uk/Salary/Guardian-News-and-Media-Salaries-E21405.htm it isn't surprising that they're inclined to shine a light on the market. 

There's also the idea that they're anti-government, anti-austerity, anti-Brexit (also Larry Elliott clearly isn't) - so I suppose any chance to put the boot in and highlight things going downhill (even if technically it means cheaper houses) would be up their street.

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51 minutes ago, PeanutButter said:

Looking at these Guardian salary ranges https://www.glassdoor.co.uk/Salary/Guardian-News-and-Media-Salaries-E21405.htm it isn't surprising that they're inclined to shine a light on the market. 

There's also the idea that they're anti-government, anti-austerity, anti-Brexit (also Larry Elliott clearly isn't) - so I suppose any chance to put the boot in and highlight things going downhill (even if technically it means cheaper houses) would be up their street.

The Guardian has been predicting the collapse of capitalism since the nineteenth century. 

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1 hour ago, PeanutButter said:

There's also the idea that they're anti-government, anti-austerity, anti-Brexit (also Larry Elliott clearly isn't) - so I suppose any chance to put the boot in and highlight things going downhill (even if technically it means cheaper houses) would be up their street.

yes if a person falls overthe guardian says it is Brexit and the end of the universe

9 minutes ago, Si1 said:

The Guardian has been predicting the collapse of capitalism since the nineteenth century. 

Maybe even the 17th It would prefer a communist state

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1 hour ago, aheadofthecurve said:

All you have to do is go back to 2006 to read how the Guardian showering praise on Hugo Chavez's socialist utopia in Venezuela.

That's odd because they were fantastically Blairite until 2017 when Corbs smashed the GE.

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1 hour ago, Si1 said:

The Guardian has been predicting the collapse of capitalism since the nineteenth century. 

I've no idea if the Graun predicted the Great Depression. I don't recall them having much of a clue prior to the events of 2007/08, or even afterwards come to that.

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Commercial landlords must be laughing their heads off - just as the smart money leaves the market, in come a load of dipstick councillors with a ton of newly borrowed cash to buy the boarded up shops for silly money.

Many aren't even restricting themselves to their own area, so are investing in concrete blocks at the other end of the country, purely as a get-rich-quick scheme.

What could possibly go wrong?  Presumably these councillors haven't heard of out-of-town shopping, the internet or recessions.

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3 hours ago, Si1 said:

The Guardian has been predicting the collapse of capitalism since the nineteenth century. 

Actually, no.

You may be a bit surprised but the Manchester Guardian as it was originally known was

- Formed in Manchester, not Islington.

- Was a very much business/enterprise focus.

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1 hour ago, spyguy said:

Actually, no.

You may be a bit surprised but the Manchester Guardian as it was originally known was

- Formed in Manchester, not Islington.

- Was a very much business/enterprise focus.

As a proud Lancastrian I am aware the Guardian and Manchester evening news are sister papers.

In all honesty I didn't know the editorial viewpoint of the Guardian 150 years ago, but I know two things: being Mancunian, it didn't pander to the establishment narrative and will have taken civil rights movements seriously; Marx subscribed to the Guardian in preference to the telegraph. So I was a bit creative there, granted ;)

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I was in a charity quiz evening in darkest Norfolk once, and the question came up - what is the home city of the Guardian newspaper. The other people in the quiz were outraged that the answer was Manchester and heckled/forced the quizmaster to change the answer to London. I was agog.

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1 hour ago, Tes Tickle said:

Commercial landlords must be laughing their heads off - just as the smart money leaves the market, in come a load of dipstick councillors with a ton of newly borrowed cash to buy the boarded up shops for silly money.

Many aren't even restricting themselves to their own area, so are investing in concrete blocks at the other end of the country, purely as a get-rich-quick scheme.

What could possibly go wrong?  Presumably these councillors haven't heard of out-of-town shopping, the internet or recessions.

Don't they have legal responsibilities as treasurer's of these funds to invest to an appropriate risk profile? Isn't this somewhat criminal?

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25 minutes ago, Si1 said:

I was in a charity quiz evening in darkest Norfolk once, and the question came up - what is the home city of the Guardian newspaper. The other people in the quiz were outraged that the answer was Manchester and heckled/forced the quizmaster to change the answer to London. I was agog.

Were they from Islington?

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3 hours ago, Si1 said:

I was in a charity quiz evening in darkest Norfolk once, and the question came up - what is the home city of the Guardian newspaper. The other people in the quiz were outraged that the answer was Manchester and heckled/forced the quizmaster to change the answer to London. I was agog.

A "team leader" where I worked asked me to check some figures manually which had already been run through the computer because he didn't like the first answer. 

Apart from the hours completely wasted there was the inconvenient complication that the two sets of numbers were not very different.

When he came to view the result he was, to say the least, disappointed. In fact he rejected it. I said next time you check your bank balance and you find you're a bit short just ask the bank to change the balance to something a bit more prosperous.  He asked me whatever was I talking about, this was complete nonsense. I replied that it was and that it was much the same as what he'd just said to me. 

After a brief struggle he must have reasoned out that what I said made sense and he sloped off quietly.

It led me to wonder why the firm paid him what would today be edging towards 6 figures with a BMW thrown in when minimum wage would have been nearer to some value.

 

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Fuk me!  That opening post made my eyes bleed!!  Is all the overblown font and different colours really necessary?  We’re all grown ups here and can pick out the important bits on our own without the need to make the post look like a 90’s website!  Maybe just a few words in bold if you really need to highlight something.

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4 hours ago, spyguy said:

Were they from Islington?

They were posh NIMBY parochial scum, so probably related.

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7 hours ago, elephant said:

We’re all grown ups here and can pick out the important bits on our own

Speak for yourself mate!

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12 hours ago, elephant said:

Fuk me!  That opening post made my eyes bleed!!  Is all the overblown font and different colours really necessary?  We’re all grown ups here and can pick out the important bits on our own without the need to make the post look like a 90’s website!  Maybe just a few words in bold if you really need to highlight something.

You're not from around these parts, are you?

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12 hours ago, elephant said:

Fuk me!  That opening post made my eyes bleed!!  Is all the overblown font and different colours really necessary?  We’re all grown ups here and can pick out the important bits on our own without the need to make the post look like a 90’s website!  Maybe just a few words in bold if you really need to highlight something.

Think content.  A bit like when you see a solidly constructed house behind clutter and tasteless decorating.

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Other posters manage to get their point across without turning their content into a psychedelic side show.  Perhaps Mr pebbles could take a leaf.  Just sayin’.

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16 minutes ago, elephant said:

Other posters manage to get their point across without turning their content into a psychedelic side show.  Perhaps Mr pebbles could take a leaf.  Just sayin’.

Eric's been around here for many years ... it's his style ....I don't have a problem with it...... just saying.

 

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20 minutes ago, elephant said:

Other posters manage to get their point across without turning their content into a psychedelic side show.  Perhaps Mr pebbles could take a leaf.  Just sayin’.

Remember who the real enemy is

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14 hours ago, elephant said:

Fuk me!  That opening post made my eyes bleed!!  Is all the overblown font and different colours really necessary?  We’re all grown ups here and can pick out the important bits on our own without the need to make the post look like a 90’s website!  Maybe just a few words in bold if you really need to highlight something.

:D  Ah diddums....  Did I hurt your eyes??:P

 

There's been an Elephant Mammoth in the Room for 2 decades....  House "prices" are insane -- and have totally ruined lives and this country....  And others.  

 

And --- as with all Elephantss Mammoths in the Room, you can point at them over and over again -- and people say 'it's not there'.....  So - to make it a bit clearer - and with a certain amount of tongue in cheek - I try to emphasize that there's an Elephant Mammoth in the Room more clearly......:rolleyes:

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  • 297 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% +
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      • up 5%



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