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Nice Of Silbley To Give Us A Mention Rate Topic: -----

#1 User is offline   timebandit 

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Posted 26 October 2010 - 05:50 AM

Quote

The banks will start lending soon and house prices will rise. A seller would be crazy now to enter the market. Just wait would be my advice. I expect this story will get taken over as usual by members of House price crash website. They post the article and encourage members to leave negative comments. They hope to scare homeowners into selling cheap. Just add 10% to your asking price then knock it off. Let them think they got a bargain.


Whoops :D

House lending slump article in the Express
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#2 User is offline   Crashman Begins 

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Posted 26 October 2010 - 06:07 AM

Desperation ?

What was Sibleys situation ? Gonna look up his posts
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BBB @ Dec 5 2004, 05:30 PM: some credit crunch guys....not my idea of a credit crunch......is it yours?
''first this will happen, then this will happen'' you all said..kind of throws all your baloney theories out of the window doesn't it?

View PostDorkins, on 02 May 2013 - 01:05 PM, said:

They will do anything to avoid suggesting that the size of the pie is not the real problem, it's the way it is sliced.

#3 User is offline   Saving For a Space Ship 

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Posted 26 October 2010 - 06:07 AM

View Posttimebandit, on 26 October 2010 - 05:50 AM, said:

Whoops :D

House lending slump article in the Express


He really is turning into 'Sibley "

Can he be awarded a 'Troll forum small film grant' to make a youtube vid :D


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#4 User is offline   Pent Up 

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Posted 26 October 2010 - 06:29 AM

View PostCrashman Begins, on 26 October 2010 - 06:07 AM, said:

Desperation ?

What was Sibleys situation ? Gonna look up his posts



Buy to let investor. Someone on MSE mentioned he has 'more than £100k profit in his BTL investments' apparently

This post has been edited by Pent Up: 26 October 2010 - 06:29 AM

Remember that buying a house is a highly leveraged investment and can result in losses that exceed your initial deposit. Buying a house may not be suitable for everyone, so please ensure that you fully understand the risks involved.


"The time to buy is when blood is running in the streets" Baron Nathan Rothschild

#5 User is offline   jackalope 

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Posted 26 October 2010 - 06:55 AM

View PostCrashman Begins, on 26 October 2010 - 06:07 AM, said:

What was Sibleys situation ?


His situation was that he was the most accurate forecaster of the UK property market that HPC has ever had.
Cliché anyone?

#6 User is offline   Rozza 

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Posted 26 October 2010 - 07:08 AM

View Postjackalope, on 26 October 2010 - 06:55 AM, said:

His situation was that he was the most accurate forecaster of the UK property market that HPC has ever had.


Oh, did he forcast that things out there would be absolutly f'ked about now then??

This post has been edited by Rozza: 26 October 2010 - 07:10 AM

#7 User is offline   Bloo Loo 

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Posted 26 October 2010 - 07:12 AM

View Postjackalope, on 26 October 2010 - 06:55 AM, said:

His situation was that he was the most accurate forecaster of the UK property market that HPC has ever had.


well, no, you will see many of us agreed the initial fall will be followed by a bull trap...he started posting at the bottom of the bull trap.

in other words...he was a bull falling into the trap...as many others have....only to be wiped out in the near future....thats why its called a trap...it traps people.
WARNING

Your
country is at risk
if you
do not keep up repayments
on a gilt or other loan secured on it

#8 User is offline   Joboxer 

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Posted 26 October 2010 - 07:42 AM

I've heard a few people say the banks will start lending again - and some people even suggesting the govt will force them to. Well, they wont. The death of the mortgage securitisation market means that cheap funding has gone - pretty much forever. The years 1995 - 2008 were an anomaly in cheap home financing - liquidity was easy, and banks could remove balance sheet clogging mortgage debt into offshore SPV's. Sibley - and most of the BTL wallers I know - wouldnt know an SPV if it hit him in the **** with a banjo.

#9 User is offline   Ologhai Jones 

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Posted 26 October 2010 - 07:44 AM

View PostBloo Loo, on 26 October 2010 - 07:12 AM, said:

in other words...he was a bull falling into the trap...as many others have....only to be wiped out in the near future....thats why its called a trap...it traps people.


Thanks for that! You've cleared something up there that's confused me for a long time! :D

#10 User is offline   tomandlu 

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Posted 26 October 2010 - 09:13 AM

View PostRozza, on 26 October 2010 - 07:08 AM, said:

Oh, did he forcast that things out there would be absolutly f'ked about now then??


In fairness to Sibley, he did predict that the Labour government wouldn't let house prices fall. He was mocked, but he was right (in the sense that none of the bears predicted ZIRP, etc.).

And, yes, I realise it was an idiotic exercise in can-kicking, and, no, I don't think Sibley is 'correct' for the simple reason that he never acknowledges that HPI was a bad thing...
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#11 User is offline   Toto deVeer 

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Posted 26 October 2010 - 09:47 AM

It always amazes me how anyone can conclude that making comments on the internet can cause house prices to go up or down across the UK.

Poor Sibley.
There's no earthly way of knowing...which direction we are going...
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Space is not a passive vacuum, but has properties that impose powerful constraints on any structure that inhabits it....
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#12 User is offline   Secure Tenant 

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Posted 26 October 2010 - 09:52 AM

View PostPent Up, on 26 October 2010 - 06:29 AM, said:

Buy to let investor. Someone on MSE mentioned he has 'more than £100k profit in his BTL investments' apparently


A 100k in profits yet to be realised no doubt.

All the smart BTL money was out years ago.

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#13 User is offline   Secure Tenant 

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Posted 26 October 2010 - 09:55 AM

View PostBloo Loo, on 26 October 2010 - 07:12 AM, said:

well, no, you will see many of us agreed the initial fall will be followed by a bull trap...he started posting at the bottom of the bull trap.

in other words...he was a bull falling into the trap...as many others have....only to be wiped out in the near future....thats why its called a trap...it traps people.


Yeh, but people don't see it as trap though, they see it as a signal to buy. Oh hang on, is that why its a trap then? Posted Image

Secure Long Term Tenancies For All - Don't Accept AST Crap

#14 User is offline   pajd 

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Posted 26 October 2010 - 10:09 AM

The guy is a clown. I lurk on MSE sometimes and he has many monikers on that site. The amount of rubbish he talks is staggering. Each time he uses one of his monikers he looks more desperate than the last time. And he is also obessesed with this place. Poor fella is now living in bangkok (or so he keeps saying). He must be riddled with STD's and they have messed up his brain

#15 User is offline   DungBeetle 

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Posted 26 October 2010 - 10:14 AM

View Postpajd, on 26 October 2010 - 10:09 AM, said:

The guy is a clown. I lurk on MSE sometimes and he has many monikers on that site. The amount of rubbish he talks is staggering. Each time he uses one of his monikers he looks more desperate than the last time. And he is also obessesed with this place. Poor fella is now living in bangkok (or so he keeps saying). He must be riddled with STD's and they have messed up his brain


Living in Bangkok to Bang C0ck? :D

The guy is showing clear signs of checking out of Hotel Delusion, and booking straight into Motel Fantasy

This post has been edited by DungBeetle: 26 October 2010 - 10:14 AM

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