Copper theft

Well, keep on hoping. What I'm seeing is a slowdown in the rate of increase of property values. And, anyhow, are high property values a good thing?

A 1.2 birth rate per woman, and an ageing population that works fewer and fewer years in a lifetime, well, yes, that's pretty funny. This is a slow-motion avalanche, on its way down the mountain, probably unstoppable. Mind you, I don't find this prospect pleasing, whereas you seem to relish the prospect of misery in the USA.

What will be interesting is to see what happens to property values in countries with declining population and a disappearing industrial base. The obvious comparison is to the Great Plague, when entire towns were abandoned back to the wilderness.

But none of that matters. Stuff is too cheap here anyhow.

John

You're reading too many of those newspapers I only use for the cat to poop on ;-)

I'm beginning to doubt that you've ever been in the US.

...Jim Thompson

You have reached tiresome... PLONK!

...Jim Thompson

Only Redwood City/SF/Ampex/ California, people wondered why I wanted to walk to the shops instead of drive, but met some good people there, even found a bar with excellent Guinness.

Spent a few weeks driving around, swapped my expenses for time off from work, fun :-)

martin

There's lots of Guinness, Harp, Bass on tap around here, and some of the nastier stouts and such. You can order a Black&Tan and get one. My skinny wife considers Guinness to be a food group, and I consider it to be a roofing material.

If I can't see through it, I don't drink it.

John

randomsnip

Bit like Marmite, I used to live close to a Guinness Factory in London, about 2 miles away, but it sure was better stuff in Ireland, I did about 6 years dirt biking holidays in Ireland. Rather exhausting, but fun.

martin

John Larkin wrote in news: snipped-for-privacy@4ax.com:

And what's that to do concerning FLORIDA?

In Amsterdam, a world wide convention of brewers was held. The presidents of many of the world's greatest breweries were on hand, and many of them decided to go out for dinner together on the first evening. The waiter asked what they would like to drink, and the CEO of Miller said, "The Best Beer in the world, an MGD please!" The president of Budweiser asked for "The King of Beers, make it a Bud!". Adolph Coors requested a "From mountain spring water,the clearest beer, a Coors if you don't mind." And so it went around the large table, each president asking for the brew from his own company as if it was the best. Finally, the waiter came to Arthur Guinness. "And you sir?" he queried. "I'll have a Coke!" was Guinness's reply. "A Coke??!?" The waiter was shocked. "Wouldn't you rather have a Guinness, sir?" Arthur looked at the waiter, and gestured to his companions. "Well," he said, "If they're not drinking beer, then neither will I!"

My wife loves Guinness, too ;-)

...Jim Thompson

-- | James E.Thompson, P.E. | mens | | Analog Innovations, Inc. | et | | Analog/Mixed-Signal ASIC's and Discrete Systems | manus | | Phoenix, Arizona Voice:(480)460-2350 | | | E-mail Address at Website Fax:(480)460-2142 | Brass Rat | |

I believe he is s saying that Florida isn't the only place that gets hit, even though the Europeans seem to think otherwise.

I've heard it's come to a total halt. Which means you can't finance debt any more so easily on increased property value, something that happned here in the UK about

Probably not but that's hardly the point when doing negative equity ( over-geared ) financing.

Do elaborate.

You're barking mad !

and

For now maybe !

Graham

What relevance has that ?

Graham

PLINK !

Graham

Truth is that you can't bear your precious bloody America being criticised can you ?

Frankly - we're fed up to the back teeth with your neo-imperialist notions and it's time to pack America back into its own stupid damn box.

Graham

WTF would you know about what any well-educated European thinks ?

Graham

WTF would you know about what any well-educated European thinks ?

Graham

You apparently hear a great deal about the US that's not true. It's sure not true here in California. Any observations from the rest of the country?

Some people got in over their heads, with nonsense like interest-only variable-rate loans. There was a bit of a bubble, and there are always the jerks who wait until the last minute to pile on, and they are always are the ones who get whacked. But the demand for housing is real and increasing - it tracks population, you know - so no general crash is likely. Property values may have peaked and declined a bit in some areas (I know they did in south coast Massachusetts, where we sold a house just at the peak) but around here the rate of increase has just moderated, which is good.

There's still an insane amount of construction going on. The contrast with the UK crash is that real demand for housing is still strong here.

I did recently read that London has overtaken Tokyo as the planet's most expensive city to live in... whatever that means.

over-geared )

And you're bloody rude.

So, what happens to a population that averages 1.2 kids per woman? That's right around the kill ratio of the 14th century.

John

oh, Mo just interrupted me to tell me about the new trans-sexual Bluegrass band, the Chixie Dicks.

er, Planck?

John

I think that the donkey is closer to primordial slime.