Brexit, for once some facts.

Jesus H Christ

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Dec 31, 2020
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It's not about negative equity. It's about affordability. That's what make the overleveraged sell their houses when mortgage payments go up with interest. And we certainly have an affordability crisis coming our way. And an overleveraged bright eyed blue wall who bought boris's bs. Off the back of a decade of tory mismanagement.
I‘d like to see interest rates rise. People are credit junkies and they need to come off it.
 

guerney

Esteemed Pedelecer
Sep 7, 2021
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Property prices will have to crash. In round figures:

Average annual income in 1967, £1500.

The average income just pre Covid, £30,000, so multiplied 20 times.

I bought my home in 1967 for £4,150

Now valued for sale at £230,000, so multiplied 55 times, nearly 3 times what it should be.

But if and when those property prices do crash, the economy goes with it.

Catch 22 if ever there was one.
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Now is a good time to sell your house, so you can buy lots of properties for a pittance later?
 

guerney

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Sep 7, 2021
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I‘d like to see interest rates rise. People are credit junkies and they need to come off it.
It's weird how such substantial QE hasn't increased interest rates.
 

Woosh

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May 19, 2012
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Well it's turned out the fear was very much to be feared.

What else might one expect with Brexit being a Boris Johnson policy, carried through later by Boris Johnson and now Boris Johnson as PM tryimg to make it work.

That's no chance three times over.
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I watched his conference speech. He cracked joke after joke for half an hour.
He has no solution for current problems with fuel queue and shortage of labour, only blame for the industries that have not prepared for post brexit and his vision for a sunlit future.
No wonder that KS came out top in a post conference poll.

 
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flecc

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Oct 25, 2006
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I‘d like to see interest rates rise. People are credit junkies and they need to come off it.
I agree, but would higher interest rates wean them off credit?

They happily use credit and store cards with up to 30% or more APR.

They take short term loans at 100% APR or more.

The only things that are obvious is that they neither think nor plan.
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guerney

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Sep 7, 2021
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I agree, but would higher interest rates wean them off credit?

They happily use credit and store cards with up to 30% or more APR.

They take short term loans at 100% APR or more.

The only things that are obvious is that they neither think nor plan.
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I expect the government to soon make it costlier to declare oneself bankrupt.
 

guerney

Esteemed Pedelecer
Sep 7, 2021
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I watched his conference speech. He cracked joke after joke for half an hour.
He has no solution for current problems with fuel queue and shortage of labour, only blame for the industries that have not prepared for post brexit and his vision for a sunlit future.
No wonder that KS came out top in a post conference poll.

The trouble is, the voting public seem to prefer dim leaders. Makes them feel safe.
 
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Zlatan

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Nov 26, 2016
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Good article about house prices... Its complicated... Might or might not crash... I wouldn't bet my house on it.... Either way.. I, ll be hanging on to property..
 

guerney

Esteemed Pedelecer
Sep 7, 2021
11,316
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Good article about house prices... Its complicated... Might or might not crash... I wouldn't bet my house on it.... Either way.. I, ll be hanging on to property..
Learn from history: Sell your house, buy gold, wait till the dust settles then buy your street - for multigenerational wealth... or if things look even bleaker after you've exchanged your house for gold, exchange for Bitcoin and then buy your neighbourhood later on. I should have bought oodles of Bitcoin in Feb 2020, but I got distracted...:rolleyes:
 

Woosh

Trade Member
May 19, 2012
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Southend on Sea
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The only things that are obvious is that they neither think nor plan.
more likely cannot plan.
If it's your child's birthday coming up and the kid wants a party, what would you do?
 

Woosh

Trade Member
May 19, 2012
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Southend on Sea
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The trouble is, the voting public seem to prefer dim leaders. Makes them feel safe.
BJ knows his public.
For labour shortage, he asks them which solution is better: his solution of higher wage for HGV driver, fruit pickers, butchers etc or Labour's more liberal immigration?
Only a few think higher wages lead straight to inflation. Higher wages don't solve short term shortage.
 
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Zlatan

Esteemed Pedelecer
Nov 26, 2016
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Learn from history: Sell your house, buy gold, wait till the dust settles then buy your street - for multigenerational wealth... or if things look even bleaker after you've exchanged your house for gold, exchange for Bitcoin and then buy your neighbourhood later on. I should have bought oodles of Bitcoin in Feb 2020, but I got distracted...:rolleyes:
You first.. I, ll hang on a bit yet.
 

jonathan.agnew

Esteemed Pedelecer
Dec 27, 2018
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I‘d like to see interest rates rise. People are credit junkies and they need to come off it.
While I sort of agree in principle (much of their credit is spent on grossly overvalued property), in practice rising interest and a property crash will take the banks and then the rest of our dysfunctional financial "services" based economy with it (as flecc point out). It would probably be a healthy reset, but isnt I think quite what the blue wall envisaged when they voted for bojo the clown
 
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flecc

Member
Oct 25, 2006
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EV News

September 2021 will be remembered as a turning point for electric vehicles (EVs), a crucial month for sales of any vehicle. September was the biggest ever month for EV sales with more than 32,000 new battery electric vehicles (BEVs) hitting the road! And there were 13,000 Plug in Hybrids sold too.

This takes the cumulative total of plug-in vehicles on UK roads – as of the end of September 2021 – to over 651,829. That is up 75% on this time last year.

Analysis of Google search data reveals that online searches for electric cars in the UK exploded 1,600% on 24th September, when petrol station fuel shortages became a widespread phenomenon across the country.

Electric van use is expanding rapidly too, they're becoming almost common round my area now. Yesterday Tesco joined in with a new very smart and silent e-van doing their home deliveries of groceries.
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flecc

Member
Oct 25, 2006
53,154
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More EV News

Epic Zero Carbon World road trip demonstrates battery longevity
epic-carbon-world-road-trip-demonstrates-battery-longevity

Last weekend, members and supporters of Zero Carbon World, a charity promoting decarbonisation projects, drove an original 11-year-old Tesla Roadster from Land’s End to John O’Groats in order to demonstrate the longevity of older electric cars. The aim was also to give a practical demonstration that the often-heard myth of batteries lasting only a few years does not hold true.
The Tesla, originally belonging to Zero Carbon World founder Kevin Sharpe, is the same car that completed the first ever John O’Groats to Land’s End trip by an electric car in 2011. On that occasion, Sharpe and co-driver David Peilow completed the challenge in 36 hours.
This time, however – ten years and 63,000 miles later – the car completed the trip in 21 hours and 27 minutes: more than 14 hours quicker. The Tesla Roadster has the same battery it left the factory with in 2010, and has been fitted with an off-the-shelf rapid charger socket from US supplier QC Charge, enabling it to use the improvements to the charging infrastructure installed during the intervening decade.
The car’s new owner, Zero Carbon World trustee Dean Fielding, set out to show that it was just as capable of doing the drive today as it was in 2011. Joined once again by Peilow, alongside experienced electric vehicle owners Glyn Hudson and Evan Tuer, the team took it in turns to drive the two-seat Tesla Roadster.
“Since I bought the car in 2018 it has been completely reliable, so I was confident that it could still do this trip without a problem. There is a pervasive myth that the batteries in these cars must be replaced every few years at great expense; a myth that has no basis in evidence,” said Fielding.
“What better way to dispel this idea than drive the car the length of the country for a second time? While there is some degradation of the battery over that lifetime, this achievement clearly demonstrates that this has no effect on being able to use the car every day and on long journeys.”
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Jesus H Christ

Esteemed Pedelecer
Dec 31, 2020
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BJ knows his public.
For labour shortage, he asks them which solution is better: his solution of higher wage for HGV driver, fruit pickers, butchers etc or Labour's more liberal immigration?
Only a few think higher wages lead straight to inflation. Higher wages don't solve short term shortage.
The best solution is going after the fit & able bodied long term unemployed. Make a non working life so uncomfortable that fruit picking seems incredibly attractive!
 

Zlatan

Esteemed Pedelecer
Nov 26, 2016
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I read Farage's response to cheap EU labour deserting our shores and listened to BJ's conversation with Marr.
What on earth has happened in our country when 2 imbeciles can talk so utterly ridiculously and not only be part of our governance but one of them the head of it.
They both spoke like utter lunatics and made totally illogical arguments. What has happened..?
When will some statesman rise Phoenix like from the ashes of our contemptible parties and govern our country decently... I don't see any signs of one yet... But for first time ever, after listening to Boris I actually thought Starmer was worth a gamble.. That's how bad BJ has got.
Just how bad can Tories get, how far can country sink before Labour are victorious? Could this winter really see demise of this lot...
 
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