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House Price Crash Forum


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Everything posted by Marina

  1. No, it is done! I changed the password but couldn't copy and paste it to confirm it. So I wrote a random string of numbers on a piece of paper - entered that twice - and shredded it. I still seem to be logged in - so guess the cookie on my machine has been updated. So, logging out now ... just got to keep my resolve and delete the cookie. Good luck to all you youngsters. I really do hope this pans out so you can get yourselves somewhere to call home without a massive mortgage around your neck.
  2. I KNOW! I KNOW! - I really do want to go. But I can't. I don't want to email the webmaster because that will reveal a true email address whereas the one I have on this account is made up. Could you email him for me? Or bring this thread to his attention? I'd be really grateful. Good thinking. Now all I need is the strength to do it. That's why I was asking for the account to be deleted ... can I do it? I'll have a few beers later and see if I can talk myself into it.
  3. Thank you. That is the best laugh I have ever had on here. I have this vision of myself - I've just set off the bomb, my legs are over there, my arms are over there, my head is over there, but I'm still alive! Come on lads, do the decent thing.
  4. I'll beg if necessary. Look I'm still here, I've got bl**dy work to do! And I moan at my kids for being addicted to MySpace. Put me out of my misery. PLEASE! Just think no one reminding you the market might not crash and being able to provide good reasons why not. Come on - get me gone! No more red text in other people's posts answering each point.
  5. Here is a plea to whoever runs this site. Please delete my account. If you do I will not bother creating another one - I know I won't. I can't seem to stop myself coming here and engaging in utterly pointless arguments. It is a waste of my time and I often find myself posting stuff which is uncharacteristically not very nice. So, please do me and everyone else on here a favour and delete my account. I don't have the will power to stay away but, if I can't post, I won't waste my time here. I await my fate. Thank you.
  6. ?????????? Say you're mister average. You have 100k equity in your house. What shall you do - take 30k out and buy a BTL or invest in something you don't understand in a foreign country? With currency risks, political risks, corruption risks etc.
  7. I feel guilty now. Don't know if I am one of those who you see prodding the bears in the cages - if I was - I would like to apologize. My only motive has been to hope that a bit of prodding might spur, to use your words "some plans for protest, direct action" etc. I wish I could go (yeah, yeah ... so do you) but, for reasons I really can't explain, I find this site is a magnet. Anyway good luck with your business. Why don't you try the Priced Out site - it sets out to be pro-active and campaigning which, for some odd reason, this site never has. Bugger it, I'm going to go over there and tr
  8. You would have thought the smart guys running pension funds with their multi-million pound bonuses would have seen what was going on and started investing in property funds. But no, that would require using a bit of the old grey matter.
  9. The property market doesn't give a feck about you. You're not in it and you can't afford to be in it. Your actions don't count. Of course there is a rational argument. If property goes up 3% a year for 25 years it doubles in price. So even if you are subsiding the rent by a couple of hundred quid a month, it is still a very good investment. You might not see it but that doesn't matter. Millions do - and they are the ones driving the market and pricing you out.
  10. Well they might ... but many people are 'into' property as an investment because it is too easy to get burned in shares and bonds and gold etc. If I had a second property with a nice bit of equity in it and everything going okay, it would take a lot more than a bit of negative sentiment to make me sell up and move into other investments. Surely it is because property is seen as being so safe and certain that so many people are in it.
  11. Maybe you should have bought one 5 years ago. Still, the one I looked at does have a 'private' rear garden. This is clearly a big advantage compared to the 'public rear gardens' that are a feature of so many properties. A complete tosser is this estate agent what wrote that.
  12. I'm not being funny but it sounds like you have brainwashed yourself. 'Anyone with an elementary grasp of Maths knows the market is overpriced' ... surely that would mean, by definition, that the majority of people do not have an elementary grasp of Maths and that people would not be buying property - or, is there a bit more to it than meets the eye? Anyone with a grasp of history you say ... how firm is your grasp? How many times in the last 100 years have house prices fallen in real terms? It's a bit like shorting shares ... would you describe the general direction of house prices throug
  13. I'm not hectoring. I'm asking a simple question - why has this site been so ineffective? You tell me. I guess the numbers of priced out youngsters between the ages of 25 and 35 must run into the millions. Why does this site only attract a handful of regular posters? The site got off to a great start - nice bit of publicity when it started - even got themselves on the telly I seem to recall. But, after that, nothing. Pretend you have never been here before and look at the home page. It's a mess. No clear message. No calls to action. Nothing. Just a barrage of information and, of course, adver
  14. No, not at all. People will take more risk if they feel it is worth it, or feel they have no choice. So, to get onto the 'property ladder' people are taking on daft mortgages etc. However, there must be a limit. And, extending the length of a mortgage just means you pay interest for longer - the only benefit is it gives you more time to save up the money to repay the capital. The more you think about it the more crazy it all is. I used to build houses for a living. I've put up hundreds of the things. From digging the foundations to laying the carpets - 12 weeks. And the cheapest bricks/block
  15. The questions you have to ask yourselves are: 'Why has this site been SO INEFFECTIVE?' Why hasn't it got half a million members? Why isn't it the focal point of the priced out generation? Why aren't newspapers, MPs, government departments BOMBARDED with emails from the half million members demanding changes to BTL legislation, demanding windfall taxes on property speculators? Look at the tabs along the top ... Home, Graphs, Base Rates, Resources, Books (books! for feck's sake!), News Blog, HPC Wiki, Forum Where is the one called 'Action'? Where are the calls to Action - where is the 'T
  16. You would have said that 3 years ago. If you had bought a 4/5 bed Victorian house in Kew 3 years ago you'd probably have made 200k on it. There is no guarantee of a crash no matter how many times you say it. And, as well as being an investment, unlike other investments, it gives you a roof over your head.
  17. Last time I was in Kew a few weeks ago and looked in an agent's window or two, 4/5 bed Victorian houses in leafy streets were about a million quid. It does make you wonder how sustainable this is ... but, there again, every day someone buys one of them.
  18. What logic? What 100,000 transactions? (The ones that happen every month?) The words 'grasping' and 'straws' leap to mind.
  19. Indeed and as I have pointed out on many occasions .... if an investment has been good to you you want more of the same. So, if some BTL landlords are forced to sell (and it won't be many as no-one likes to realise a capital loss when they know that (unlike shares) if they can only hang on the price will go up again) - the properties they sell will be bought by BTLetters who have been in the game a bit longer - who have a lot of equity to leverage etc .... who know that even if the price they pay doesn't give them a great yield now - it will in the future. Time will tell. According to the bra
  20. Wise words. We really need lower interest rates!
  21. Yep, I read the Daily Reckoning - just for a laugh. They give you all this pseudo serious stuff about the world econony and fiat money and gold and blah blah and, in the middle, they slip in a 'Hey have you heard about the latest way to trade volume trends in the markets? Feck my old boots, after 20 years in the city Pete decided he had had enough of making a fortune for other guys - so he took a sabbatical to work on a new way of trading the markets. After years of being sworn to secrecy by his mates in the Inner Circle, Pete, having murdered his associates, is now able to reveal his secrets
  22. I hope you haven't invested your own money in it. People in the UK just will not buy into steel houses. What other nations have been using Modern Methods of Construction for decades? I have been to a lot of countries and am always amazed at how similar buildings are. Most houses or dwellings are built from wood, brick or stone.
  23. Ah, the poor old unsuspecting landlord. Funny really because the tenants before us did what I believe is known as 'a runner.' We have had hundreds of letters from people chasing the former tenants for money. We send them back 'Not at this address, return to Sender'. Our landlord hasn't stepped in and paid their debts - in fact they left owing him 6 months rent so I don't think he is in a mood to pay their debts.
  24. I think it might be worth pointing out that this benefit is not available to Ethnic English.
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