[Gllug] VACANCY: Junior Systems Support

[Daniel Kingshott]

Do you think we could get back to linux and away from politics please?

I for one, as a 30 something, with no further education who is into the higher tax bracket, has never voted and couldn't really give a rats ass about politics would seriously welcome it.

Dan
 

-----Original Message-----
From: gllug-bounces at gllug.org.uk [mailto:gllug-bounces at gllug.org.uk] On Behalf Of John G Walker
Sent: 10 September 2009 11:20
To: Greater London Linux User Group
Subject: Re: [Gllug] VACANCY: Junior Systems Support



On Thu, 10 Sep 2009 10:43:01 +0100 Hari Sekhon <hpsekhon at googlemail.com> wrote:

> People have been tricked in to thinking that being in debt is ok

So you think that mortgages are a scam and that people should, presumably, rent until they've saved up the price of a house? How does this fit with your previous statements opposing social housing? Or do you imagine that the private sector can provide enough rents?

Have you thought this through? If you're going to post irrelevant stuff to the list, could you at least be a bit more concrete than you have been so far?

> (this has only helped to push house prices up as well as people get 
> more and more used to taking out huge mortgages just for somewhere 
> stable to live)

Changes in the money supply obviously do have an effect on house prices. For example, the housing price boom of the late 1980s was due to Nigel Lawson's increase of the money supply in response to the 1987 stock market crash. And the negative equity crisis of the early 1990s was due to the fall in the money supply resulting from the recession.

But there are a large number of other factors for rising house prices, not least being the fall in the number of households living in social housing (which you appear to think is a rise). One of the most important in the south-east of England, which may partially go away, is, of course the growth in the number of people employed in London in the financial sector. Inflated house prices have led to inflated salaries being paid in this sector which, in turn, has inflated house prices, and so on.

Of course, the recession has reduced house prices, which in turn has led to problems of negative equity and so forth (though not, I think, on the scale of the early 1990s).

You wouldn't think, from what you wrote, that any of this has permeated your consciousness,

--
 All the best,
 John
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