Posted on 04/26/2008 2:13:55 AM PDT by dennisw
“For every dwelling not built, two workers will lose their jobs,”
I kind of laugh at statements like this — it’s as if this person is suggesting that it is the government’s job to ensure that these workers will have additional houses to build (regardless if there is a demand for these houses).
One of the biggest “fatal flaws” with left-wing idiots like these is their complete inability to understand the concept of supply and demand. They have all been indoctrinated to reject this concept.
Last month I read Spain is planning a huge gubbermint infrastructure program to stimulate the economy and employ Spanish workers. Housing crashed in Spain. Too many vacation condos for Brits and Germans
HAHA!!!! Europe’s chickens have come home to roost!!!
As if that “contagion” wasn't right there all along... The Anglo-Saxon world didn't make them build those houses that are sitting empty now. It is just the blame game, it must be somebody else's fault...
The housing gambler cancer in the UK spread out throughout Europe and beyond these past few years. Brits were buying up “off-plan” properties sight unseen in far-flung no-income places like Bulgaria and the Ukraine. They were using Polish labor to fix up “buy-to-let” places in London for a quick flip. They were buying second and third houses throughout Europe.
And they were obsessed with property speculation.
You thought the US had a “housing porn” problem? Take a look at this list of real estate porn TV shows that infected Britain the past few years.
A Place By the Sea
A Place in Greece
A Place in the Sun
A Place in the Sun: Home or Away
Build a New Life in the Country
Build, Buy or Restore
Changing Rooms
Did They Pay Off The Mortgage In 2 Years?
DIY SOS
Escape to the Country
Extreme Makeover
Grand Designs
Grand Designs Abroad
Home
Home From Home
Homes Under the Hammer
Honey I Ruined the House
Hot Property
House Auction
House Busters
House Chain: Under Offer
House Doctor
House Hunters in the Sun
House Invaders
House Price Challenge
House Race
Houses Behaving Badly
How Not to Decorate
How To Be a Property Developer
How to Rescue a House
I Want That House
I Want That House Revisited
Living in the Sun
Living etc
Location Location
Making Space
Moving Day
My Place in the Sun
Nice House… Shame About the Garden
Other People’s Houses
Our Home
Pay Off Your Mortgage in 2 Years
Property Dreams
Property Ladder
Put Your Money Where Your House Is
Relocation, Relocation
Restored to Glory
Room For Improvement
Selling Houses
Staying Put
Streets Ahead
Super Agents
Superhomes
Through the Keyhole
To Buy or Not to Buy
Trading Up
Uncharted Territory
Up Your Street
Would You Buy a House with a Stranger?
They will blame it on the Bush admin.
After spending a week in London getting rained on, I was looking at the “House in the Sun” ads, myself!
Wow! Thanks!
What are these folks going to say when it really goes south?
That's when they will play the blame (Bush, USA, Karl Rove, JimRob, capitalism, bankers, Wall Street, you, me, white people, rich people, Republicans, Conservatives, Southerners, racists, free traders, globalists, CEOs, Rush, Sean, etc) game.
The Euro is pumped full of socialist hot air right now...be patient, and the dollar will prevail in the long term.
Keep diving please. My wife and I are off to Paris for a vacation in July.
That's a slip of only 3.72 U.S. cents, equivalent to a 2.3% drop. Big deal!
It is still 27pc above its level two years ago.
The euro is overvalued and the U.S. dollar is undervalued. But I wouldn't dare say how long it will be before we finally return to a balanced exchange rate (which would be near parity.)
A friend of mine in manufacturing tells me there is now a shortage of containers for shipping U.S. products abroad. Not long ago, we were sending them back empty. Interesting if true.
We went to Ireland (Euro) and the UK (not Euro) last spring."Expensive" doesn't even begin to describe it.
Yeah, I wanted to stay in the states this summer but she's a Francophile so Paris it is. It will be fun until the credit card bill arrives. Oh, well.
2.3% drop over three days...That is over 230% on annual terms. That is a very sharp drop in terms of money. This is exactly what needs to happen to help Europe, it is the overvalued Euro which has been the trouble with growth (not to mention the socialism itself). Our recession in 2001 was also the result (I believe) of too high a “value” on the dollar. Our “under value” dollar has been a blessing for exports, tourism, and dealing with rising oil prices. As the Euro comes down in “value” and the Dollar up the oil prices will ease somewhat, as will most commodoties. This will help to right the world economy. We don’t need the government to do anything, the free markets do it pretty much on their own. That is the beauty and truth of freedom, it is what naturally exists and is supposed to exist.
That will be a "dive" too, because people want a crisis no matter what the numbers are.
You're right that it's a bubble and "we ain't seen nothin' yet", especially because the real picture is as the article said, we're talking about the euro at "$1.5646 against the dollar, down from its all-time peak of $1.6018". Translation: the euro's up, a lot.
What really baffles me here is all the idiots that say that this exchange value is somehow "bad", and that everything was better --back during 9/11?
I thought it was just the opposite. I was under the impression they believed that when the unwashed masses demanded, the government would supply ;-)
Oh, I get it, I confused demand and supply with supply and demand. My bad!
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