What makes this housing down turn different

[BrilloPad]

If I did not use other accounts my post count would have been 100,000

Your fem-bots have been busy...

[Cyberman]

And what about Japan?

There are big differences between Japan and the UK. The UK is experiencing continued demand for housing whereas Japan's demand is actually reducing. Increasing demand for housing will actually exert upward pressure on house prices in the UK while reducing demand will cause house prices in Japan to fall.

Reasons for Japan's decline in demand contrasting with the UK's increase in demand are:

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.

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!!

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.


These are extremely obvious demographic differences and explain why UK house prices will not crash, but will stagnate for a while until the liquidity crisis is resolved and interest rates reduce. Talk of a fifty per cent reduction in house prices is simply ridiculous IMO as there are many people out there with cash like myself who will be ready to snap up any nice bargains to rent out at a good return. Houses will always be a safer bet than shares and at the moment they could well be safer than the bank!!!!

[tim123]

"What makes this housing down turn different "


The fact that "it was different this time" and wasn't going to happen.

"Morons!", the lot of them.

tim

[AtW]

These are extremely obvious demographic differences and explain why UK house prices will not crash, but will stagnate for a while until the liquidity crisis is resolved and interest rates reduce.

You are Gordon Brown and I claim my £5 pounds in gold.

[max]

I know the soviet economic system seemed to involve queuing a lot ... can't say it really took off in the west though so no, I'm not an expert in that field.

Check out Tescos on Bishopsgate at lunch time...the queues there would be make Stalin blush. They keep expanding the space taken by the tills, and reducing the food...but it doesn't seem to make a difference.

[BrilloPad]

Check out Tescos on Bishopsgate at lunch time...the queues there would be make Stalin blush. They keep expanding the space taken by the tills, and reducing the food...but it doesn't seem to make a difference.

Same at every Tesco in the city - and there are a few. Cheapside, old broad street, etcetc.

[AtW]

Tesco is tacky. It makes ASDA look posh. Morrisons is the best overall (Waitrose is too small and I'd say too expensive).

[Gonzo]

Tesco is tacky. It makes ASDA look posh. Morrisons is the best overall (Waitrose is too small and I'd say too expensive).

Proper contractors shop at Harvey Nichols, Fortnum & Mason, Selfridges or Harrods.






hth

[AtW]

Proper contractors shop at Harvey Nichols, Fortnum & Mason, Selfridges or Harrods.

I use Harrods every day to sell Big Issue.

bogeyman.

[sasguru]

You are Gordon Brown and I claim my £5 pounds in gold.

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.