When Do You Reckon Will Be A Good Time To Buy Obviously not now!
Posted 05 June 2008 - 11:51 PM
I think the market will move quicker than in the 1990's because of the size of the disconnect between prices and earnings this time round, the size of BTL market, the effect of information about prices etc on the internet and finally the rapid departure of all the sub prime lenders and specilist lenders. The repossession numbers will be lower in part due to BMV buyer stepping in but possession proceeding will be higher than in the 1990s.
Posted 05 June 2008 - 11:58 PM
Posted 06 June 2008 - 12:01 AM
Anyone read Hitch hikers guide to the galaxy? It starts off with them trying to knock down aurther Dents House, and so Ford Prefect ?? Reasons with him to go to the pub on the grounds that he's going to lie in front of the bulldover, so his house is safe, and so on those grounds he might as well assume hes doing that etc etc and go to the pub. Not sure of the parralell, but why cant home owners understand that house prices are going to crash by 80% and by holding out they are hurting other people, like in a hostage situation, and so they had better sell now for 20% true value and alleviate the suffering of people like me, ELSE PAY THE TRUE COST OF OUR RATH!!! etc etc etc.
Man, I want a spare room so I can build a masterbatorium for jerking off in with pictures of girls all over the walls and soothing jerking off music and plasma screens showning el neato porn feeds etc etc, and web cams and a hot line to the Escort Agency.
Current strategy: Waiting 2 years and watching my life fade, counting grey hairs (boo hoo, I used to be young), trying to meet cute american girl so I can move to Iowa and get a 4 bed house on 1 acre of land on my credit card ($15k). Trying to proove categorically that god hates me.
Hates: Landlords and other death camp associates.
Posted 06 June 2008 - 12:05 AM
I must admit, that is one of my biggest worries. Having no real assets could be a big mistake if inflation takes off.
Posted 06 June 2008 - 12:14 AM
Posted 06 June 2008 - 12:42 AM
I think you can forget the idea of any kind of bounce before 2011.
Posted 06 June 2008 - 12:49 AM
Sellers may be spooked but they are not slashing prices accordingly. If you need somwhere to live, rent. If you are worried about inflation either look for a good investment (which involves a bit of work) or go out and blow your savings while they are still worth something .
Posted 06 June 2008 - 05:41 AM
<b>".........we are currently in a state of wealth destruction. So if you can preserve your wealth in those conditions, you're doing very well." - George Soros, May 13 2008</b>
<!--coloro:#000080--><span style="color:#000080"><!--/coloro--><b>"You're born, you take shit...... You get out in the world, you take more shit........ You climb a little higher, you take less shit....... Till one day you're up in the rarefied atmosphere and you've forgotten what shit even looks like.............Welcome to the layer cake, son" - Eddie Temple, October 2004. </b><!--colorc--></span><!--/colorc-->
Posted 06 June 2008 - 06:10 AM
More tea vicar?
Posted 06 June 2008 - 06:34 AM
Missed that one, so I'll review in 2 years and see if it looks like there's much more drop left.
Tick Tock's deep colour and full taste make a delicious cup of tea. Gentle, soothing and naturally caffeine free, Tick Tock can be enjoyed by the whole family at any time.
Tick Tock is naturally rich in antioxidants which may support your immune system against free radicals, and contains natural alpha hydroxyl acids, long valued for promoting fresh glowing skin.
Unbroken Tradition from the Founders of Rooibos Tea
The Tick Tock family have been growers and makers of rooibos tea ever since Grandfather Benjamin Ginsberg created it in 1903. A tea pioneer, he was the first to use traditional tea techniques to cure the wild rooibos plant found only in South Africa's magnificent Cedarberg mountains.
Over 100 years later, we continue to make Tick Tock to his original specifications.