darkmarket

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About darkmarket

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  1. Cheer me up

    "Marry, and you will regret it; don’t marry, you will also regret it; marry or don’t marry, you will regret it either way. Laugh at the world’s foolishness, you will regret it; weep over it, you will regret that too; laugh at the world’s foolishness or weep over it, you will regret both. Believe a woman, you will regret it; believe her not, you will also regret it… Hang yourself, you will regret it; do not hang yourself, and you will regret that too; hang yourself or don’t hang yourself, you’ll regret it either way; whether you hang yourself or do not hang yourself, you will regret both." It seems like a Kierkegaard day on HPC.
  2. Buy or ( wait ) Rent ?

    Prices have been falling in London for a long time now with no coverage in the NI media.
  3. Northern Ireland Economy

    I presume the market is doing great, I've never seen so many attempts to paint a rosy picture in the face of obvious drops. Barclays prosperity index indeed.
  4. Canada bubble is popped

    At least the united front of low-rate central bankers is beginning to crack.
  5. Canada bubble is popped

    They did have a high growth rate for August and I think that made it difficult to maintain the facade, though I've no doubt Carney would have found a way.
  6. Canada bubble is popped

    Because the asset bubble presents such a systemic risk they can't afford to keep inflating it - sound familiar?
  7. Canada Raises Interest rates

    Worth noting that the decision went against the majority of expectations too. Nothing to worry about until it's too late.
  8. Canada bubble is popped

    The Bank of Canada, now free of the influence of Mark Carney, just raised the benchmark rate by 0.25% to 1%. This was not because everything is fine and the economy is booming. It's because they didn't have a choice.
  9. SELF BUILD SITE AND CGT ??

    Then he said that few was actually fifteen. And then he mentioned that nobody's sold anything, so no CGT incurred. Who goes to HPC for CGT advice anyway? There's no need to take a balanced view of this kind of stupidity.
  10. It's more and more difficult to see the difference between the Soviet economy and the UK, except the latter insists on handing any gains over to private sector interests, no matter where they're from. Any legitimacy these institutions once claimed has long been destroyed by incompetence and greed. Another excellent thread, albeit quite depressing.
  11. Likewise I mostly read your comments without reply, but I've learned a lot from the integrity of your positions. It shows no respect for the individuals that make up this market to suggest they have no sense of agency. There's no coercion here, only decisions taken by adults. Some work out well, others less so, but there could be no asset bubble without individuals choosing to hold it up.
  12. If @Venger has nothing to say to you, you're probably either boring or wrong.
  13. Interesting question. I'd say there's an obvious divide between homeowners and renters, that it's difficult to overcome subjectivity with regard to something that affects lives in such an intimate way, but that I was attracted to this forum because of the quality and substance of the arguments put forward. I don't often find analysis of the same depth and with the same nuance of perspective in national media, and find it difficult to believe that's down to some oversight or a lack of resources. Don't feel like I've exhausted your question at all though. This sentence is perfect. As for equity markets, I'm not too bothered about calling the top but equally I'm not long on any index or even company at the moment. Apart from the sheer manipulation, I think this bull market is running is on fumes now. +1
  14. My objection to this argument for eternal house price inflation is that it depicts any crash as the problem, not the policies that led to the crash. The author cites Dublin as an example of what can go wrong without mentioning it's currently repeating all the mistakes it made last time. He glosses over the role that irresponsible lending has played in every crisis. "Banks would halt lending, not just for property but to the wider economy" - no mention that banks have been lending little but mortgage credit for the past decade. Even now, the consensus is that 2007/8 was just a liquidity crisis in derivative products, as though that had nothing to do with the gross overvaluation of the underlying assets based on unsustainable lending. The very real suffering that followed was a direct consequence of just this kind of greed and denial.
  15. SELF BUILD SITE AND CGT ??

    Because he got a valuation? A few is not fifteen in any case. What is the point of this post exactly.