Jump to content
House Price Crash Forum

Bruce Banner

Members
  • Posts

    31,430
  • Joined

Everything posted by Bruce Banner

  1. The trend line has been dragged up by the recent rampant HPI. It will drop down as prices continue to fall, but it is a bit misleading as it shows us now being below trend although we are still well above average price to earnings ratio. I'll probably start looking to buy when price to earnings ratio gets near to 3.
  2. I would have thought that borrowing more money in an attempt to turn around a failing removals business would be a recipe for disaster in the current economic climate. Far better to batten down the hatches and try to survive on the low levels of business. What stock do you have in a removals business? Factoring is just another cost, effectively more borrowing, far better to run a properly capitalised business.
  3. Try to steal from the rich and give to the poor and the rich will piss off and leave you with the poor. Rather than your suggestion of 70% tax on the rich, I would suggest a standard tax rate that everyone pays on ALL income above the personal allowance.
  4. I only have a small part of my accumulated equity tied up in property and none of that property is a house, or even a flat .
  5. Your decision, but I don't expect to be buying for a few more years yet.
  6. A perfectly reasonable offer of -20% (I would offer -30%) would take it well below that .
  7. Another piece today on BBC News about "Getting onto the property ladder" .
  8. Noddy from Nationwide on BBC News now and spinning like a top .
  9. We don't need one. Our problem is simple, too much debt. When you have too much debt you slash your overheads and pay it down.
  10. I believe it does. It certainly does with the various house price indexes.
  11. Breaking news on BBC...... UK economy shrank by 0.3% in final quarter of 2011.... Unexpected, of course....
  12. Translation for the masses... "Don't get on the ladder snake yet".
  13. Can you imagine the BBC talking about "getting on the property snake"? No way would they do that. So, to be neutral, they should stop talking about ladders too and just say "buying a house", or "taking out a mortgage on a house".
×
×
  • Create New...

Important Information