LC1

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About LC1

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  1. Interest rate rises are coming...

    So what's this other bit of insider info you've been promising to reveal?!
  2. Has anyone changed their mind on rate rise this week ?

    Have they been infiltrated?! Always thought Positive Money were pretty clued up and sensible
  3. Inconsequential Things That Annoy Me Intensely

    Men who piss all over toilet seats and don't clean it up. I mean, seriously? I expect that sort of scum behaviour in public toilets, pubs and railway stations etc, but I regularly see this in my office which is full of supposedly decent people who really have no excuse for it. I'm not talking about the odd single drop, but like proper piss splashes. Do they do this at home?! Our office toilets were recently refurbished and they removed the urinals so it's all booths now. What's so difficult about lifting the lid?! I don't care if you've got some hideously deformed knob that sprays like a sprinkler, either lift the fecking lid or wipe it up you disgusting cretin.
  4. Are we on the brink of social collapse?

    This post should be a sticky.
  5. Absolutely. Seems like the London madness has moved up here. Such a shitter.
  6. This is weird, reading all these. I was in a right funk yesterday, still feeling it a bit today: was thinking dark thoughts about the state of the world (more than usual!). Perhaps it was just the weird moody light and that freaky red sun that spun me out a bit?!
  7. Thanks. It was Coininvestdirect I was looking at, automatically added the UK vat on at the checkout if delivering to a UK address. Good to know there are alternatives!
  8. Not wishing to derail the thread (but since it's being discussed!), as I understood it some years back, you can either pay full UK VAT and have them delivered to you, or you can pay EU VAT and then pick them up from EU or arrange to have them couriered at your own risk. Or has anything changed?
  9. That's a good point. But even so, 60% of our current rent is comparable to what the mortgage payment might look like, for 5 years at least. Pay it down as fast as possible, who knows, it could be the best option for some. My point was that people's circumstances differ, and that the crash has always been just around the corner, so it makes sense that some people feel that they don't want to wait any more. No need to stomp all over posters who feel this way or express such thoughts, not all are going to be trolls.
  10. As much as I want HPC, and have done for 10 years, I accept that it may not be right around the corner (I have been expecting it imminently for those 10 years!). Maybe it's starting, maybe it'll be a slow grind down. Rents near me for nice family homes in nice areas near good schools are astronomical. A mortgage looks like better value from that perspective (around 50% of our current monthly rental cost with a 40% deposit on a 5 year fix), so I can completely understand why someone would choose to buy. If stating that view makes you a pariah, then there is something wrong with this forum, imo. Nobody on here knows how it will all pan out, we're all just guessing.
  11. Do I take it that you subscribe to an alternative theory on the origin of oil? I seem to recall reading that some people believe that the planet produces it and it will never run out...
  12. So interest rate rises based on CB misjudgement (in your view) will be the catalyst for the debt liquidation then? Or margin calls of some kind? Apologies if this is a stupid question!? Just trying to understand what the trigger will be, then how each domino will fall in turn to take us to the outcomes you're suggesting. I know none of this is certain, but trying to follow the logic. Appreciate your time in contributing to this thread, very interesting to me.
  13. DB, is your analysis based on Kondratieff or Kress cycles, or similar? Can you link to any recent mainstream analysis that supports your hypothesis? I am trying to get my head around the reasons why things might play out as you suggest and would appreciate any vaguely authoritative citations that can help me discuss possible scenarios with my other half (in the context of how long to hold off buying a house). And do It understand correctly, is the main reason for the predicted asset price collapse a credit crunch scenario where banks stop lending, interest rates start to rise and leveraged asset holders have to sell off quick to pay down debts, fuelling the price falls (then crash psychology gets a firm hold, solidifying the trend)? Thanks in advance for trying to help me to understand the likelihood of this playing out, seems like quite a big deal that could lead to lifelong regret if wrong decisions are made at this point in time!