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Ive Said Since December 2004....

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Ive started threads going back to late 2004 in which I argue WE ARE AT THE BEGINNING OF UNPRECIDENTED GLOBAL EXPANSION, which means opportunity abounds for us in the UK.

India, China, S america, Russia and Africa are all on an unstoppable path to industrialisation.

This presents 2 sets of opportunity for us:

1) To supply these people with services and yes, goods (advertising, premeirship football business knowhow, regulatory expertise etc etc)

2) Land prices will massively increase in the comming decade. Tourism hotspots are finitie. The demand upon these areas is almost infinite. Notice the number of E Europeans on your next hols.

THIS IS NO TIME FOR DOOM AND GLOOM.

PS - Im not recommending UK B2L however.

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I agree to an extent. But, the shift in wealth creation has taken place as a result. The money is now moving to China, India and the Asian economies in general. Even Indians are moving back to India because of a better quality of life and higher paying jobs with cheaper houses. OUr services industry drain will not stop anytime soon as money will eventually follow the action.

The US is heavily invested in most of those markets and should not lose too much as a result. After all, the world's 9th largest economy, California, is part of the "Pacific Rim" mega market.

Bottom line: Europe is on the wane and cannot justify the levels of house prices that we have suffered with for a long time. Our homes are 25% or more than the average US home where GDP, productivity etc. is far higher. The Miracle Economy has happened because of cheap credit from Asia. Its over and with it the miraculous prices the UK has suffered with for the last decade or more.

In a global economy competition is rough. That is why manufacturing cannot last in the UK. We simply cannot compete with the Asian powerhouses. We no longer have the monopoly on the "know how." For more than 20 years we have been exporting expertise in the form of profession advisers to the Far East and there is no longer the same reliance on London.

Its good news for Asia but Europe is going to have to get used to a lower standard of living as the debt based good life isn't going to last for much longer.

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I agree to an extent. But, the shift in wealth creation has taken place as a result. The money is now moving to China, India and the Asian economies in general. Even Indians are moving back to India because of a better quality of life and higher paying jobs with cheaper houses. OUr services industry drain will not stop anytime soon as money will eventually follow the action.

The US is heavily invested in most of those markets and should not lose too much as a result. After all, the world's 9th largest economy, California, is part of the "Pacific Rim" mega market.

Bottom line: Europe is on the wane and cannot justify the levels of house prices that we have suffered with for a long time. Our homes are 25% or more than the average US home where GDP, productivity etc. is far higher. The Miracle Economy has happened because of cheap credit from Asia. Its over and with it the miraculous prices the UK has suffered with for the last decade or more.

In a global economy competition is rough. That is why manufacturing cannot last in the UK. We simply cannot compete with the Asian powerhouses. We no longer have the monopoly on the "know how." For more than 20 years we have been exporting expertise in the form of profession advisers to the Far East and there is no longer the same reliance on London.

Its good news for Asia but Europe is going to have to get used to a lower standard of living as the debt based good life isn't going to last for much longer.

Realist

We are also 'heavily invested in China' and elsewhere. Our manufacturing prescence has been moving to cheap labour markets since the days of M Thatcher.

We have a lot to offer the world. Competetion is tough but we are survivors and will supply the need (dont forget net icnome flows are very high as a result of our foreign business investment)

Sure our prices are higher than the USAs. Take a look at population density for the reason.

Low standard of living for Europe - no way, the opposite will occur I promise you. We have the had the wealth to invest worldwide so our wealth is rising. Almost everyone I know is investing abroad. Same is true of Scandinavians, Irish, Germans, Belgians, Italians and Dutch.

People said Japan and Korea would bankcrupt us, the opposite occured, we benefited.

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Realist

We are also 'heavily invested in China' and elsewhere. Our manufacturing prescence has been moving to cheap labour markets since the days of M Thatcher.

We have a lot to offer the world. Competetion is tough but we are survivors and will supply the need (dont forget net icnome flows are very high as a result of our foreign business investment)

Sure our prices are higher than the USAs. Take a look at population density for the reason.

Low standard of living for Europe - no way, the opposite will occur I promise you. We have the had the wealth to invest worldwide so our wealth is rising. Almost everyone I know is investing abroad. Same is true of Scandinavians, Irish, Germans, Belgians, Italians and Dutch.

People said Japan and Korea would bankcrupt us, the opposite occured, we benefited.

The investing that is going on is with cheap Asian credit. People are up to their eyes in it generally speaking. Higher IR will bring all the foreign "investment" home. Buying hopliday homes in Spain simply adds nothing to the UK economy. HPI adds nothing to the economy except debt.

Having higher prices than the US is not because of population size but more to do with efficiency and investment. Boeing is a good case in point. Airbus can't deliver so the money goes to those who can. Our car industry is vanishing and yet more factories open in the US albeit owned by the large Jap and German multi-nationals.

We will soon be unable to attract investment as no one will be able to afford to live here, especially in London. Rents and insane house prices will drive people elsewhere. IMO, things have been good all the time we were a net exporter due, in large part, to NS oil. Our supplies are dwindling and we are now a big net importer as our growing trade balance demonstrates.

We have had a good innings with Brown at the helm because he has flooded the nation with debt at very low IR. It isn't going to last and once the money dries up the spending and job creation that goes along with it will dry up also. We cannot compete with the big boys unless we are cheaper than them. As things stand, we have outpriced ourselves from every market imaginable.

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We are also 'heavily invested in China' and elsewhere. Our manufacturing prescence has been moving to cheap labour markets since the days of M Thatcher.

The Chinese are not interested in 2nd rate UK products.

They seem to import a lot of German goods though..

http://www.thebusinessonline.com/Stories.a...2E-D07EB5AA1CEE

"Plummeting competitiveness caused by surging costs and weak productivity growth mean that the UK is selling only $5.5bn (£3bn, E4.3bn) a year to China, compared with $30.7bn for Germany, $9bn for France and $6.9bn for Italy, the research form the Ernst & Young Item Club reveals."

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Guest mattsta1964

The investing that is going on is with cheap Asian credit. People are up to their eyes in it generally speaking. Higher IR will bring all the foreign "investment" home. Buying hopliday homes in Spain simply adds nothing to the UK economy. HPI adds nothing to the economy except debt.

Having higher prices than the US is not because of population size but more to do with efficiency and investment. Boeing is a good case in point. Airbus can't deliver so the money goes to those who can. Our car industry is vanishing and yet more factories open in the US albeit owned by the large Jap and German multi-nationals.

We will soon be unable to attract investment as no one will be able to afford to live here, especially in London. Rents and insane house prices will drive people elsewhere. IMO, things have been good all the time we were a net exporter due, in large part, to NS oil. Our supplies are dwindling and we are now a big net importer as our growing trade balance demonstrates.

We have had a good innings with Brown at the helm because he has flooded the nation with debt at very low IR. It isn't going to last and once the money dries up the spending and job creation that goes along with it will dry up also. We cannot compete with the big boys unless we are cheaper than them. As things stand, we have outpriced ourselves from every market imaginable.

It's obvious isn't it? A growing economy based on higher and higher house prices is a fantasy. It simply cannot happen. The UK has ceased to earn a living for itself. The drop out from this could be catastrophic. It wouldn't surprise me to see the UK reduced to a 3rd world economy in 10 years, crippled by debt, unable to pay its bills, mass unemployment and civil unrest. Those hoping for a HPC are going to get more than they bargained for. The UK economy is doomed (Sounding evermore like Fraser in Dads' Army) :D

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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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