Do you want to discuss boring politics? (19 Viewers)

SBT

Well-Known Member
Really?

Is it better to have a potential 50% tariff or a 10% one.

Take your time….
I think there are more considerations to take into account than whatever tariff number Trump has plucked out of the air this morning. (But I’m sure these latest tariffs are for real this time, pinky promise)
 

shmmeee

Well-Known Member

Nick

Administrator
Just had a look and my parents bought a 4 bed house with an acre of land in 1999 for £175k.

That's 330k in today's money.

They don't live there anymore but that house would probably cost minimum 800k if it was on the market today, while 330k gets you a 3 bed semi.

But but Netflix and avocados and iphones.

You can get a nice house in the best areas of Cov for £330k.

It could get you 2 or maybe 3 flats / terraces in the not so nice areas.
 

skybluetony176

Well-Known Member
Really?

Is it better to have a potential 50% tariff or a 10% one.

Take your time….
Is it better to have an extra £100B in trade every year or not?

In terms of economics (which is what your question is really about) you’d take the 50% tariff everyday vs not loosing the £100b in trade with the EU.
 

chiefdave

Well-Known Member
Isn't the point PVA was making that his parents house, which cost in todays money £330K, would now cost £800K plus? Not that its impossible to buy a house for £330K
 

mmttww

Well-Known Member
Do you need an £800k house?

My dad worked at a Ford foundry and was able to buy a house in the mid 90s on just his wages that would be worth about that figure today. No one doing a similar job today could afford to buy anything close to that. If you can't understand or accept that point, anything you post on the subject is a waste of time.
 

Grendel

Well-Known Member
My dad worked at a Ford foundry and was able to buy a house in the mid 90s on just his wages that would be worth about that figure today. No one doing a similar job today could afford to buy anything close to that. If you can't understand or accept that point, anything you post on the subject is a waste of time.

I couldn’t - all I could afford was a semi detached having already had negative equity on a small flat purchased In 1990
 

wingy

Well-Known Member
It was corrupted ages ago, creative accounting, Interest only, that scheme that evades me, something to do with de something to do with pension plan that went south,.
We've had all that growth but where has it got us, to a worse environment but at Equality, and now well.
 

PVA

Well-Known Member
Is it? If you don’t need a house and land of that size, asking if you need a house of that price is hardly missing the point. Doesn’t suit your agenda though, does it?

Still missing it.

It's not whether anyone needs it. I don't think anyone needs an acre of land, but we'd all like it. The point is that it's about 5 times more expensive relative to wages now (for any house, not just one with loads of land).
 
Last edited:

fernandopartridge

Well-Known Member
It was corrupted ages ago, creative accounting, Interest only, that scheme that evades me, something to do with de something to do with pension plan that went south,.
We've had all that growth but where has it got us, to a worse environment but at Equality, and now well.
Endowment scheme
 

Grendel

Well-Known Member
Still missing it.

It's not whether anyone needs it. I don't think anyone needs an acre of land, but we'd all like it. The point is that it's about 5 times more expensive relative to wages now (for any house, not just one with loads of land).

The average house price was 4 times more than the average wage in 1990. So what you are describing was unobtainable to most then as it is now
 

Users who are viewing this thread

Top