Thursday, February 18, 2010
England will win the world cup this year ! !
Housebuilding in England hits lowest since 1946
LONDON (Reuters) - Housing completions in England fell by almost a fifth in 2009, government figures showed on Thursday, taking them to less than half the level economists say is needed to keep up with demand. Just 118,000 homes were built last year, the lowest total since 1946, according to the Royal Institution of Chartered Surveyors, and 17 percent lower than in 2008. "The latest figures are disappointing and underline the continuing difficulties facing the construction industry," said RICS senior economist Oliver Gilmartin. "Housing starts are running at more than 50 percent below what is needed to satisfy projected household growth according to the government's own estimates," he added.
Posted by rob @ 04:04 PM (1375 views)
11 thoughts on “England will win the world cup this year ! !”
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debtfree says:
What’s the world cup got to do with it ?
Am I missing something …
freemanphil says:
Sport is an opiate for the masses. Expect them to big up football to take our minds off despotism and financial ruin.
Bread and circuses. I advise you to read the rise and fall of the Roman Empire.
holding out says:
The World cup was 1966. In 1946 Derby won the FA Cup – is that what you meant.
icarus says:
freemanphil – bread and circuses for the masses is the easy bit. You need the acquiescence of large parts of the chattering classes too. The read you should advise is Machiavelli’s The Prince. No politician should be without it. “It is necessary to be a great pretender and dissembler,” “A prince never lacks legitimate reasons to break his promise”. “The promise given was a necessity of the past; a word broken is the necessity of the present”. I suppose you’re aware of Bismarck’s explanation of the machinations leading to the American Civil War – nothing to do with slavery, everything to do with banksters.
freemanphil says:
I’ll try to find time for that book, thanks. I fully understand that the American Revolution was between gold and silver and fiat money from central banks. It was between keeping the fruits of labour vs theft, or, if we refer to the ten commandments, between Christianity and Satanism. The bankers are satanic, because they worship theft.
mark wadsworth says:
Rob, returning to the original post, that’s excellent news, isn’t it?
No new housing keeps existing house prices higher than they otherwise would be, which is good, isn’t it? High house prices boost the economy, so when the economy grows there’ll be jobs for all the construction workers who lost their jobs. Or something.
markj69 str05 says:
@ MW.. Don’t you mean ‘when the economy grows there’ll be jobs for all the immigrants willing to work for peanuts that wouldn’t attract people away from their social hand-outs’?
Regarding housing, the underlying plan to supress the masses, and keep them in their places, erode their wealth whilst making the rich richer, seems to be working fine. Social engineering via financial engineering. Whether it was planned to this scale, who knows? But there’s always going to be one looser, and it’s not going to be the people in control.
I’m sure there’ll be an excellent quote from 1984, but I just can’t remember it.
Crunchy says:
7. markj69 str05
Big Brother: [voiceover] This is our land. A land of peace and of plenty. A land of harmony and hope. This is our land. Oceania. These are our people. The workers, the strivers, the builders. These are our people. The builders of our world, struggling, fighting, bleeding, dying. On the streets of our cities and on the far-flung battlefields. Fighting against the mutilation of our hopes and dreams. Who are they?
1984.
Mucker says:
Do I see a case for large scale house building?
Yes and not a moment to soon.
Let’s get building.
Neil B says:
@ MW How do high house prices boost the economy? If the prices of houses were lowered, more would sell, the construction industry would start again, businesses would move to inner cities and create jobs and there would be a huge amount of stamp duty being paid to get riod of our ever increasing debt bubble.
ontheotherhand says:
If it’s true that we need double the rate of building just to satisfy government sponsored studies of future houshold formation needs, then why hasn’t building continued. Surely if this future need was so uncontestable then the building firms would find plenty of venture money to back them building now at the rate required. Instead they are mothballing existing projects. Could it be that the government sponsored studies of the future rate of household formation are wrong? The 30 year housing ponzi scheme needed exponential numbers of workers in their 20s to move out of home and take a leveraged gamble with banks’ money. We know that the money supply side reached the limits of exponentiality, but with the average age of first time buyers changing to 34 whilst the average age of marriage is 31, they just ran out of punters to buy 1 bedroom flats.
http://www.statistics.gov.uk/cci/nugget.asp?id=1162 “In 2004 there were 7.0 million people living alone in Great Britain, nearly four times as many as in 1961.â€