Message from @Eccles
Discord ID: 624363056537010197
not enough, stop all mass immigration
the population must stabilise and reduce
and a points system should stem the legal immigration
you dont really want a reduced population...
yes you do, population density is too high
at best you want a stable one
stable will do for now
high population density is not a bad thing if its stable
and the quality of people is "diverse" ... and by diverse Im not talking about race... as thats irrelevant
or gender
high population density breeds violence, crime, poverty, and authoritarianism. it also bleeds out to the countryside inflating prices and destroying habitat and culture
inflating prices is fine as long as wages go with it.. it means each generations property gets easier to pay off
it won't inflate wages with it
and hasn't
it has tbf 😛
it hasn't
wages have massively outpaced inflation over the past few years... and thats with net immigration in the hundreds of thousands
plots have got smaller and more expensive - a property my parents generation afforded on 1 modest wage would take 2 wages well above median wage to afford now
it's not even remotely close
thats more to do with interest rates than population or anything like that...
it's both
they would still have to pay thousands a month for the same size home today on a much smaller loan
demand >> supply
which is why its great that inflation kicked in.. rates went down.. and now its easier to pay off the relatively small loan
if the interest rates were much higher then prices would be lower, but they would be equivalently unaffordable to the way they are now
Also, interest rates are not going to go up now
or anytime in the short or medium term future
they will crawl up
but it depends a bit on the next Carney
Nah, the entire system has been debased, they won't go up
we might get a hawkish BoE leader who puts them up a point a year
theyre supposed to go up a quarter point before this december
they do that, they'll crush the housing market and make people homeless, so nah
not necessarily
They can't do anything except raise it extremely slowly without crippling people
for example....
And even small increments in interest rates will suck so much spending power out of the system it'll stall growth
when I got my 5yr fixed - the base rate was at 0.5% and my rate was 1.79% ... that same mortgage is now at 1.59% and the base rate is 0.75%
How much of that is because government bonds are going negative in large chunks of the western world?
I.E. it's not a sign of a healthy economy