Polonius

To thine own self be true

Archive for June, 2007

Buy, buy!

Posted by Polonius on 8 June, 2007

I’m no economist, but the following argument just came to me one day, and it seems fairly convincing.

Residential property prices in the UK have climbed ridiculously over recent years, and we keep hearing that there’s going to be a crash. But is that likely? Sure, a significant rise in inflation could trigger a collapse, but there’s a more predictable event that will apply an upward pressure on prices.

The proportion of the UK population who own their own homes increased dramatically through the 1970s and ’80s. Many of the people who bought then are now in their seventies. It won’t be long before they start dying in significant numbers. Their children will inherit their homes, mortgage-free. Suddenly, people who have been struggling to pay their own mortgages will find themselves with six-figure sums to spend.

Yes, a slump in property prices is possible, but it will be against a rising trend.

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Good blogs, bad blogs

Posted by Polonius on 8 June, 2007

A perusal of my blogroll should be enough to convince you that my interests are fairly eclectic. I generally read blog feeds via Protopage, which provides a handy feed aggregator (and lots of other widgets) that I can access from anywhere I can find Web access.

There are many good blogs in my Protopage blog feed, but I keep them sorted in (roughly) order of interest. Fairly high up the list is Schneier on Security, whose material ranges from fairly abstruse IT stuff, to the latest half-baked ideas from the War on Terror™. In the space of 24 hours [I drafted this a couple of days ago], he’s posted not one, but three interesting articles (1, 2, 3).

At the bottom of my Protopage list are the irritating blogs that I just can’t quite bring myself to delete:

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