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Warwickshire Lad

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Everything posted by Warwickshire Lad

  1. If the Bank of England is openly admitting that inflation is likely to rise above 3%, then where are the decisive back to back Interest Rate rises to get on top of that ? Nowhere. Just a nonchalant "oh well" it seems from all concerned, continued VI house price ramping in the press, and as soon as things look like they're going to slow down they'll cut again.
  2. We need to get back to the good old days of "If It Isn't Hurting, It Isn't Working...". Remember that from the last Tory govt ?
  3. I'm a bear too - have been for nearly 2 years now - but I see exactly where you're coming from. The BoE must be giving themselves a pat on the back right now. However, we won't be immune to outside events, I think now that maybe US troubles (they are in HPC mode now) and things outside the BoE's control could kick things off here. Here's hoping...
  4. Welcome to the site, Ologhai. I think that this statement illustrates perfectly the sentiment that is still out there, amongst the uneducated public masses. Capital appreciation is still an incentive to buy houses, because house prices are still seen to rise, and not fall. Houses prices need to be SEEN TO FALL, in such a way that will verifiably register with the brain-cells of the public. Essentially, the knowledge of falling house prices needs to enter the public consciousness, in the same way that Wayne Rooney broke his metatarsle - i.e. everyone knows about it even if they only have a passing interest in the housing market. Otherwise people just carry on believing mortgage lenders and even EAs, who carry on using the media to propagate their never-ending lies.
  5. Not forgetting the BRC too. Here's their monthly stab at trying to get the BoE to cut interest rates. http://news.bbc.co.uk/1/hi/business/5316092.stm
  6. At the foot of the article, you just have to see the word "Paragon" and you know that the article is just another VI lie-a-thon. :angry:
  7. It took no less than five back to back rises to change the market this time, perhaps we need that many again to do it. 6% anyone ?
  8. I'm a member of a gym, and it isn't like you describe. You get the posers, but they're not all like that. I quite like it myself, although you really have to go most days to get your money's worth. The equipment is pretty good as well. I started off really well, and had been doing a really good workout, although haven't been lately because of being so busy.
  9. I find it interesting though that after the Spring of next year, IRs are predicted to fall back again all the way to 2010. Do they think that 5% is going to be enough to completely contain CPI inflation for the next 4 years ??
  10. Fast approaching therefore is a metal test as to whether this whole "inflation targeting" premise by the Fed and BoE is really going to be stuck to. Will they crash house prices or will they let CPI get out of control ? My guess is that, sadly, they'll probably allow CPI well above target for a long while and turn a part-blind eye to inflation by not raising interest rates high enough.
  11. Oh, I'm also going on a month-long holiday to New Zealand soon.
  12. Hey I've got a Focus 2.0L TDCI as well - it has a wicked amount of acceleration which leaves others in the shade, and is more fun to drive than many so called "sports cars"....
  13. My god, are you still around, pedalling your vested interest BS to all and sundry ? Mortgage lenders and vested interests know that they can only keep this market going now by pumping out ever more irresponsible lending to FTBs. I genuinely feel very sorry for all FTBs who have been sucked in by the kind of propaganda that is put out by you and people like you.
  14. A lot of amateur BTLs probably read The Sun, or other trashy comics, so if The Sun were to print some nice scare stories about IR that'll help to offload their "portfolios".
  15. http://news.bbc.co.uk/1/hi/business/4775359.stm It's happening folks ! 5% here we come. What's the saying ? "IR hits 5 and the market will dive"
  16. "When the rate hits 5, watch the market dive". To have 5% before the end of the year would be sweet.
  17. This is excellent news, and I am looking forward to Interest Rates rising further. It's a whole load of egg on the face of so many commentators and VIs who were all telling us for an entire year (and as late as this morning on the BBC) that the next move would be down. Bravo!
  18. Greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed greed.
  19. If people want to get a good protest going, just make the case that excessive house prices are preventing women getting Herceptin.
  20. I think we will see a crash in new builds, and a considerable correction generally - but even I don't think we'll see 2001 prices ever again.
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