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House Price Crash Forum

blackhole

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Posts posted by blackhole

  1. 9 minutes ago, moonriver said:

    Agree, 9,900 job losses announced today alone. Imo no way with all this going on, will the housing market avoid a crash.

    https://www.lbcnews.co.uk/uk-news/9-900-british-jobs-lost-in-single-day-as-major-brands-announce-cuts/

    ...9,900 British jobs lost in single day as major brands announce cuts...companies haemorrhage workers in an effort to stay alive...

    Meanwhile over in the states https://www.restaurantdive.com/news/53-of-restaurants-closed-amid-coronavirus-have-shuttered-permanently-yelp/581024/ 

  2. 39 minutes ago, Dreamcasting said:

    Yes, and because we're heading into such a dire situation, there's a very significant risk that in the process, Chad with his huge mortgage gets to keep his nice house by default, whilst you get all of your stuff that isn't housing related taken off you.

    Given Brexit is around the corner, surely this would scare away external investment and so forth.  It's a global market, after all.

  3. 30 minutes ago, Speed1987 said:

    However people like me, home owners are not making posts calling others trolls. Simply offering an alternative perspective.

    Your a landlord.  Or did that slip your mind already?

    30 minutes ago, Speed1987 said:

    As I've put, 100 times, a 20-30% crash will not hurt me...

    Yeah we're not buying it...  Why do you keep stating that 50% falls arent possible when rarely anyone mentions a % figure in a thread? 

    Hmmm.

  4. 5 minutes ago, Speed1987 said:

    The assumptions on here, are so wild.

    People seem to think that property owners, goverment, banks and BTLs, are well... stupid.

    Anyone, with a brain who is massively overleveraged, has traded down or will do so now or has re-adjusted their finances.

    Plenty of people waiting with cash at the side lines. Somtimes people take a hit in business, no shame in it either, it's all a learning curve. The mentality of some here, is bewildering and self sabotaging.

    Grow up...

    Yes landlord speed.

  5. 7 minutes ago, Simhadri said:

    Its about I won't invest my money but I also don't want others to invest their money and profit from it

    Rent seeking is not profits, and much of BTL falls into rent seeking. 

    Financialisation has made pawns of you, all for the benefit of those at the top of the pyramid.  You call it wealth and profit.  Many of us call it a ticking debt timebomb.  

    The goverment's contribution to this is all the more disgusting, but it seems there might be limits to that after all. 

    Genuinely I thought an extension of the furlough scheme was coming today.  Instead they reinforced its ending.

    image.thumb.png.0c24d22fd89e3b00c5055a211efb65e6.png

    From https://neweconomics.org/uploads/files/496c07a5b30026d43a_d1m6i26iy.pdf 

  6. 2 minutes ago, Speed1987 said:

    Not to mentioned the possible amount of HK nationals coming here and when we are officially our of the EU. We will have some great trading relationships with the common wealth and other emerging economies.

    Britain is coming back and its gonna be beautiful ??????.

    Yes landlord Speed1987, the gates will just flood open as everyone in HK just wants to come here.... sure... 

  7. 8 minutes ago, Si1 said:

    The triple lock pension ratchet is up there with Help to Buy as a boomer vote buyer. I despise both of them equally.

    Many would be shocked to find that the HTB scheme is often seen by boomers as a grant, not another loan.  One that if it goes sour, we're all on the hook for.  

    Optics.  It's all about the optics...

  8. 2 hours ago, mattyboy1973 said:

    It does seem a little odd that they have gone almost straight from lock down to encouraging one of the activities considered amongst the most risky; eating indoors, which you cannot do with a mask on.

    Maybe the Magic Money Tree isn't so infinite after all?  

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