What makes this housing down turn different

[BrilloPad]

I notice you don't counter Cyberman's very valid points. Because, probably, right or wrong, they are the product of some individual thinking, rather than regurgitating Economics 101 circa 1950.

atw does make some valid points - roughly every tenth post. if he was not trying to get his post count up...

[sasguru]

atw does make some valid points - roughly every tenth post. if he was not trying to get his post count up...

If he does it's by luck - monkeys on typewriters in the British Museum etc ...

[AtW]

I notice you don't counter Cyberman's very valid points

Why should I bother refuting points of a guy who suggets that the way out of this crisis is literally printing of money by BoE? I don't know what level of monetary policy is taught in schools in the West, but in ex-USSR we were taught that printing of money results in a serious inflation, closest real life example of that is Zimbabwe, something that I pointed out to him sometime ago but to no avail. If anyone is a commie without clue in economics here it is him - I know since commies in Russia were making Govt print that money and it leads to hyperinflation when prices double every month.

[sasguru]

Why should I bother refuting points of a guy who suggets that the way out of this crisis is literally printing of money by BoE? I don't know what level of monetary policy is taught in schools in the West, but in ex-USSR we were taught that printing of money results in a serious inflation, closest real life example of that is Zimbabwe, something that I pointed out to him sometime ago but to no avail. If anyone is a commie without clue in economics here it is him - I know since commies in Russia were making Govt print that money and it leads to hyperinflation when prices double every month.

His last post was about the Japan situation. Please answer his points if you are able?
And stop yakking. I really think you Soviets are incapable of individual thought.

[AtW]

There are big differences between Japan and the UK.

That is true. Age of consent in Japan is 13, and also they allegedly sell used female knickers in ATMs. Trains are a lot faster too.

The UK is experiencing continued demand for housing whereas Japan's demand is actually reducing.

Demand for housing in the UK was increasing because of cheap and irresponsible credit given to subprime borrowers - if those people were denied credit then this "demand" would have disappeared just like it disappears about now. And don't give me this immigration crap - people who immigrate to this country en masse share rooms, 3-4 bedroom house can used to house at least 3-4 adults, often 6-8. When I came to this country I rented a room, only later moved up to sharing house with just one person (couple of rooms each), and only recently I rent whole house.

1. Japan has an aging population where the birth rate roughly equals the death rate at 1.5 per 1,000 of population, whereas the UK has a growing birthrate especially among muslims which is now at 3.5 children average per family.

Yes, but so far as population density is close to what it is in Japan it means that UK is not super duper overpopulated island - Japan is pretty damn populated too, and if they can manage it then so should UK.

2. Japan has virtually no immigration and in fact it could be negative with so many of their population now working abroad. Need I say much about the UK's inept immigration policy that will continue to add demand for housing!!

Answered above. How predictable was that.

3. The Japan government has a policy of 'suburbanisation' which has meant building affordable housing in the suburbs of major cities which has caused a net fall in population in the cities. The UK government has completely failed to provide affordable housing and so this again adds to UK housing demand.

Japan and UK are very close in terms of population density - both are islands, there is simply no other closer example in terms of housing - the main difference is that Japan has got regular earthquakes so they have to build houses in a more robust fashion, so one might imagine it should cost more to build houses there, a plus for UK then.

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[lexington_spurs]

also they allegedly sell used female knickers in ATMs.
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I looked for those dammed machines everywhere

[Francko]

When I came to this country I rented a cardbox, only later moved up to sharing bedsit with just one person (couple of pillows each), and only recently I rent whole bedsit.

[Sysman]

Yes. The NHS is, indeed, an example of a Soviet system and should be dismantled forthwith, before it collapses under its own weight.
It is the third largest employer in the world (after the Chinese army and Indian railways) and employs 1 in 30 of the Uk population.
All this for a medium sized European country.

It's quite a mind blowing thought. Do you have a link for that?

[threaded]

It's quite a mind blowing thought. Do you have a link for that?

I don't have a link for it, but I do know there're 39 mil in the working population (National Statistics Online) and 1.3 million working for the NHS (NHS website).

Funnily enough, whoever wrote the NHS website cannot divide these two numbers and came up with the result "5% of the working population".

Small wonder the organisation place is in such a mess, give patients the wrong doses, and remove the wrong legs...

[oracleslave]

Small wonder the organisation place is in such a mess, give patients the wrong doses, and remove the wrong legs...

Yes, I really wish they had removed my other pair