Posted 22 September 2011 - 07:42 PM
" I didn't ask for sunshine and I got world war three "
What drew me here initially was the hope that others could see the housing market was nothing more than a Ponzi scheme.
Actually, thats not quite the case, before this site I had never heard of a Ponzi scheme, or a Black Swan, Credit Default Swaps, or any of the other economic " things " that became common here but were unheard of in mainstream media.
The whole banking crisis, public sector rebalancing, pensions crisis, gold, tin-hat wearing, baked bean buying, anarchy with riots in the streets, Euro demise, Lehmans, HBOS, Northern Rock, BTL, money printing, inflation, stagnation, pissed-off nation, and everything else that was discussed on HPC long before it was accepted as possible, let alone likely.
From the very beginning, when even printing out HousePriceCrash.co.uk flyers and posting them through estate agents letter boxes, or leaving them on work desks seemed positively revolutionary, straight through the gripping CGNAO mysticism and beyond, this place has always been about far more than just house prices,or maybe it is the very fact that ALL of this current world economic crisis has been caused by chasing up house prices.
Is it contained yet ?
" You know what the trouble is Brucie ? We used to make things in this country. Build stuff. Now we just put our hand in the next guy's pocket. "
Frank Sobotka 17/08/2003