Uninteneded consequences contd.

• Captain Haddock

  • Location: Marlinspike Hall
  • Registered: 8 Oct 2012
  • Posts: 8,397
  21 October 2017     16:09334835
  #1      
  How 'help to buy' has mostly helped housebuilders boost profits (now there's a suprise - not)
  
  https://www.theguardian.com/money/blog/2017/oct/21/help-to-buy-property-new-build-price-rise
  
  Will, however well intentioned, Governments please stop interfering in the market. It does not help.
  
  (See also artificially low interest rates which have lead to a Global Debt to Global GDP ratio of 40% - higher than in 2008, plus asset price inflation)
  Ross Miller likes this
  "The world is still a weird place, despite my efforts to make clear and perfect sense of it".
  
  Dr. Hunter S Thompson
• Guest 745

  • Registered: 27 Mar 2012
  • Posts: 3,370
  21 October 2017     19:48334838
  #2      
  the big builders are building the house for under £60k. we need a market shake up
• Ross Miller

  • Location: London Road, Dover
  • Registered: 17 Sep 2008
  • Posts: 3,709
  21 October 2017     20:23334844
  #3      
  Sadly in this instance Cap'n not that unforseen, though perhaps unintended.
  "Dream as if you'll live forever. Live as if you'll die today." - James Dean
  
  "Being deeply loved by someone gives you strength,
  While loving someone deeply gives you courage" - Laozi
• Captain Haddock

  • Location: Marlinspike Hall
  • Registered: 8 Oct 2012
  • Posts: 8,397
  22 October 2017     01:12334859
  #4      
  The interesting place to watch is China. Just look at the graph in this article of National Debt as % of GDP. Totally unsustainable in the long run. (The highest Greece got was 179% of GDP and China does not have the ECB to bail it out and the IMF does not have the resources to act as a lender of last resort even if it wished to)
  
  
  https://www.ft.com/content/04c67054-b595-11e7-a398-73d59db9e399
  
  How do they avoid a 'bubble' bursting, because if it does the 2008 sub-prime contagion from the States will seem like a walk in the park?
  "The world is still a weird place, despite my efforts to make clear and perfect sense of it".
  
  Dr. Hunter S Thompson
• Captain Haddock

  • Location: Marlinspike Hall
  • Registered: 8 Oct 2012
  • Posts: 8,397
  22 October 2017     10:25334864
  #5      
  Government intervenes - at last! Apparently some people have been overcharging slightly for the deck-chairs on the Titanic. Sorted!
  
  http://www.bbc.co.uk/news/uk-41708597
  "The world is still a weird place, despite my efforts to make clear and perfect sense of it".
  
  Dr. Hunter S Thompson