Jeremy Corbyn to be next PM - why not - we've had everybody else, at least he speaks with more conviction than Osborn.
Wexford's comment about Stephanie Flanders was interesting, because I have always thought that she was more intelligent than that. She really has joined the city gang, like my nephew his current view is influenced by the prevailing sentiment which conveys no genuine vision of the future.
We have four and half years ahead before the next election - if this administration lasts that long, pressure is mounting on profits due to competition amongst our business experts who run among other companies Debenham's. Once they start to shed payroll numbers because Mr Osborn is introducing QE for the economy in the form of increasing the minimum/living wage, the way will be open for Mr Corbyn to re-energise the economy.
I have always thought that the way forward lay in the encouragement of people who could take some material like wood costing £5 and produce something that with work could be sold for £10. Currently we are reliant on products mostly made abroad that are produced in factories that work like hen batteries and treat their employees in much the same way as the unfortunate birds all in the name of profit.
Mr Osborn and his supporters are very happy with this arrangement, because the increased margins earned help him to address the item that got them elected - the balance of payments hole in the economy.
Now that it has increased, we must accept foreign ownership increasingly of London properties and businesses which are still trading as assets are realised and money is printed, to maintain the illusion that the country is prospering, whilst the collection of taxes from companies based outside the UK falters but their profits earned are exported. There is no compelling reason to address this problem over the longer term because of the unemployment which would result from upsetting these arrangements.
Wexford now tells me that the same people are at work in Ireland bestowing their pearls of enlightenment, I expect much more than this from the people running the Irish economy which is generating a surplus,or maybe they really do think that the UK has all the answers.
So far all that has happened is that a lot of "money" has been printed, which has allowed costs to increase which in the end make it difficult for the UK to compete internationally in spite of the endless away days of our dear leader.
Am beginning to feel that this is turning into a rant, because I cannot see any alternative and I fear that there is no Garret Fitzgerald on this side of the water just our hungry city.
i said its the weakest of the four main cities , waterford is the fifth city
its no surprise that an investment in limerick city property has seen little capital gain in the past fifteen years
as for the gap between limerick and galway , galway outperforms on every level , limerick underperforms on every level , no reason for such a huge gulf , while the cities are similar in population size , galway has an absolutely tiny hinterland compared to limerick , galway just does very well with what it has
Can you explain why you think Limerick is by far weaker than Waterford economically i'm not so sure also I think the gap between Limerick city and Galway city property has been and always will be at least 30%
I do believe property prices are stable now for next 10 or so years .babyboomers 08 to 2012 will fuel a potential surge when they need to be housed etc...in 15 or so years .too far away to predict to be honest.
I bought a 4bed semi in Limerick city in 2001 for 173k Well located next to hospital schools industrial park etc It increased in value to 330k Its now worth 225k Rent covered interest Over the period my costs are about 2k pa say 25k total cost to date 200k Now if property prices are overpriced then the last 14 years and the rental market in general are a waste of time
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