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Drac whats absoulte lunacey about going hard with lockdown to stop spread of covid
Evidently NZ has failed to stop the spread of covid, since it is spreading.
But the bigger question is, if the country is “covid fee” and the borders are closed, where did this one case of covid come from?
Someone has been lying to you.
This week, New Zealand entered a strict national lockdown after a single case of Covid-19 emerged. The pandemic gives, the pandemic wins.
Absolute lunacy
I found a 1 bed flat in Woodgrange Road LONDON E7 for 72.5k https://www.rightmove.co.uk/properties/105598541#/ Even on 16k per year you can afford to buy that.
Nobody is going to give you a mortage if you’re on 16k a year. Minium wage means low skill, which means you are easily replace by someone else, there is no job security.
Even if you could 16K isn’t enough to live in london.
If I couldn’t find a property a tesco’s shelf stacker on min wage couldn’t afford to buy… your argument would be vailed. But I found them up and down the country and even in London.
You can’t buy a house in london on minimum wage.
Absolute lunacy.
Yes I did… cheap housing under 70k
Because the house is either falling appart, or is in an area with a high crime rate, no jobs or some similar issue.
How is this relevent?
Oh God did you look at the links
You cant argue with the market !!!!!!You didn’t link to anything relevent.
The myth of a property shortage is promoted by estate agents, home builders and homeless charity’s. When you take a good look around, there is no shortage of afford housing cross the UK.
So you’re just going to ignore the hard evidence?
The net population growth, is far, far higher than the number of houses being built. In 2019 184,000 houses were built. Even ignoring that, in 2019 there were 640,370 births and 530,841 deaths, that’s a net increase of 119,529 people. In 2020 the net immigration was an additional 313,000 people. So 184,000 houses and 432,000 people.
If you look on any property website you will find a good section of housing. There no shortage of supply.
There is absolutely, undeniably a shortage of housing.
This is a bizzare claim.
The net population growth, is far, far higher than the number of houses being built.
In 2019 184,000 houses were built.
Even ignoring that, in 2019 there were 640,370 births and 530,841 deaths, that’s a net increase of 119,529 people.
In 2020 the net (legal) immigration was an additional 313,000 people.
So 184,000 houses and 432,000 people.
(Its actually worse because legal immigration numbers are under-reported, and its estimated that about 500 people illegally cross the channel every day)
Increasing the supply of money would increase the demand for higher end housing (very slightly), but it wouldnt have any effect on lower end housing.
This is wrong, it would effect lower end housing but not as much.
The inflationary effect is limited in this case, everyone needs a house and there is little incentive to buy more than one house because its too much of a burden (if its easy to buy houses then renting them out isn’t a viable idea). The only thing it can do is cause people to live in a house on their own where they otherwise would have to live with other people.
Inflation is still an effect of supply and demand however.
It would be more accurate to say that cheap loans reduce the value of money in general, it doesnt effect the value of the house.
Increasing the supply of money would increase the demand for higher end housing (very slightly), but it wouldnt have any effect on lower end housing.
This is wrong, it would effect lower end housing but not as much.
The inflationary effect is limited in this case, everyone needs a house and there is little incentive to buy more than one house because its too much of a burden (if its easy to buy houses then renting them out isn’t a viable idea). The only thing it can do is cause people to live in a house on their own where they otherwise would have to live with other people.
Inflation is still an effect of supply and demand however.
You cant argue with the market !!!!!!