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RXE, I remember the mid/late 80’s when all those warehouses was abandoned in Blackburn, back then they used them for illegal party’s where 1000’s would show up at 2am. E’d out of their face & pay £1 on entrance.
That was social rebellion, those was Thatcher’s children. Now you have Boris’s children where they like to gather in groups and sniff gas out of balloons in large numbers, smoke more weed than a Amsterdam coffee shop could actually hold. I went for a walk about 21:30 last night , just up the road was the local dial-a-weed guys (passenger) rolling a joint in plain view, window down, driver looking at social media on his phone, not a care in the world in a £20k plus BMW. Like the police can enforce social rebellion that will come soon enough.


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Everyone knows on here I don’t tippy - toe around my words. If I wanted to say that I would of just done so.
I think it’s what you’ve starting to realise.


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Yes. That must be it.
 

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RXE, I remember the mid/late 80’s when all those warehouses was abandoned in Blackburn, back then they used them for illegal party’s where 1000’s would show up at 2am. E’d out of their face & pay £1 on entrance.
That was social rebellion, those was Thatcher’s children. Now you have Boris’s children where they like to gather in groups and sniff gas out of balloons in large numbers, smoke more weed than a Amsterdam coffee shop could actually hold. I went for a walk about 21:30 last night , just up the road was the local dial-a-weed guys (passenger) rolling a joint in plain view, window down, driver looking at social media on his phone, not a care in the world in a £20k plus BMW. Like the police can enforce social rebellion that will come soon enough.


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Mmmmmm.....it all makes sense now....these numerous "walks". o_O
 

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You will have to enlighten me regards the demographics, I can only speak for myself as a self employed individual, but think any leveling off in demand in the UK towards end of 2019 and prior to the pandemic was due to "Brexit uncertainty".
This article from last summer is hard going, try to ignore the 'doom porn' tone, focus on the numbers:

 

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And, when you look at the photos., they're all young. They could be forgiven for thinking they'd been screwed over yet again.

The people who will do well in this? Private Equity and anyone with capital. They are going to have a field day buying up assets from perfectly good businesses and flogging them to China.
If we continue to allow those who can put down a 10% deposit to buy assets with the remainder financed with central bank funny money at negative or close to zero interest rates, we're going to be looking at another decade of yet more wealth transfer from poor to rich, young to old. Asset prices will keep inflating. Like 2008 to now, rinse and repeat.
 

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Just heard the Job Retention Scheme being referred to as the Deferred Unemployment Scheme... Would be funny if it wasn't so true.
 

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You don't expect to see a change in attitudes towards consumption following on from the lockdown? Maybe people being a bit more risk-averse, a bit more likely to save something for a rainy day or tough times, paying down debt rather than taking on more? I think coming out of lockdown will change people's values quite considerably, where they may try to prioritise financial security over 'more stuff'. I guess it depends how long this recession lasts for and how bad it gets, and what happens to prices. The Depression-mentality never left folk for their whole lives, those who lived through the 1930s.
I think that’s a good point, Pud. Will it be reality or just idealism, though? Folks have been comfortable being consumers for so long that, the first chance they get to go back to being consumers again (even as a coping mechanism to counter the anxiety they felt during lockdown), I suspect any current good intentions will go straight out of the window shopping.
 

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I think that’s a good point, Pud. Will it be reality or just idealism, though? Folks have been comfortable being consumers for so long that, the first chance they get to go back to being consumers again (even as a coping mechanism to counter the anxiety they felt during lockdown), I suspect any current good intentions will go straight out of the window shopping.
For sure there will be a 'surge' of consumerism once the lockdown is over but I wonder if it will sustain at previous levels, or will it fade off?

Will anyone worry about the state's future ability to help them in terms of a safety net if something like this happens again? The government / bank of England is very low on ammo right now.
 

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For sure there will be a 'surge' of consumerism once the lockdown is over but I wonder if it will sustain at previous levels, or will it fade off?

Will anyone worry about the state's future ability to help them in terms of a safety net if something like this happens again? The government / bank of England is very low on ammo right now.
Morning mate.

I think whether it is sustained or not will be determined more by their job and financial status than by any change in habits that may have come from this incident.

if anything, maybe folks will think ‘how robust are my assets against a further attack?’ For instance, for those forced to work from home, maybe they are thinking ‘this property isn’t equipped for sustained periods of working from home and there’s no outdoor space’, which could alter how we view the suitability of properties, both now and in the future.

possibly folks will review things. Review means change, and change - usually - means spending. So we’re back to square one.
 
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