(no subject)

[johnny9fingers]

And now for something completely different:

An economics/oil posting.

http://observer.guardian.co.uk/world/story/0,,2212899,00.html?gusrc=rss&feed=12

This slide in the dollar will give the next administration a headache the size of Texas: which is the aftermath of an eight year party run by a Texan and his sidekicks (mainly his sidekicks, I deem).

Manhattan real estate is becoming affordable again to 'us Brits', as are the better bits of Long Island. Well, with a holiday home in NY you don't have to learn a foreign language, and Manhattan is one of the two candidates for best English Speaking Major Conurbation. (I know some folk like the West Coast....but really. Stable ground beneath one's feet and all that, what.)
And America is even cheaper for those countries tied to the Euro.
And so, what happened to London will happen to various cities in the US: young folk will not be able to get on the property ladder. Slightly richer foreigners will have forced the prices up beyond the means of the upcoming generations. Capital and equity will be defining factors. Class barriers will become re-inforced. Social mobility will diminish. Everyone not privately educated forced into McJobs.

I'm so pleased that there seems to be a correlation between levels of inequality and levels of crime.
That's why we absolutely need tax-cuts for the rich: else how are they going to be able to afford to employ enough private mercenaries to guard their property. (And on top of this they're providing jobs for otherwise unemployed and feckless folk who would, in lieu of this work, be cluttering up the welfare system or involved in crime - really, these rich folk are positively saintly.)
I'm just arguing from the Republican position, after all, one tries to be even handed about this stuff. Else I'd just be needlessly sarcastic, and that wouldn't fit with my personality, now: would it?

Comments

A subject I have broached recently...

[ankh156.livejournal.com]

Most americans who replied seem to be in complete denial about it. (One even said there's nothing anybody can do about it, it's all Alan Greenspan's fault. Takes the idea of laisser-faire to a new summit of absurdity.)

We get nearly $2 for a € these days. At this rate I could buy a console organ from an address in Kansas and afford to ship it.

Not that I would...

[e4q.livejournal.com]

if you buy a place, could it be one of those nice beach houses in the posh holiday bit? and then could you lend it to me?

just a thought.

but you are wrong about the language. technically similar, but you have to be prepared to talk in the style of one of those bits in opera where they all sing at once, or you will never speak at all. not very british.

[tripinthehead33.livejournal.com]

I hate to break this to you, but many of the folks who are going for 2-6 year college degrees are still being forced into McJobs in America due to the outsourcing and collapse of small business here. When someone has to pay to go to school, even a state run school and rack up $70,000 in loans and the only job they can get is a job that pays $7.00 an hour flipping burgers there's not a whole lot worse foreigners buying rich folks property can do to harm that person.

The only poor folks in Manhattan and Long Island are the homeless. My entire salary for the month wouldn't cover a months rent in Long Island. If you branch out to the Bronx or Harlem, that's a different ballgame, however, that's changing as well. Harlem especially, it's become popular for the upper middle class to live in Harlem, due to the cultural history and what not. So, what were once homes for poor black folks, are now being changed into novelty homes for upper class white folks. So, poor blacks are out, wealthy white folks are in.