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House Price Crash Forum

UKguy1979

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About UKguy1979

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  1. Hi guys Just looking for some advice. I'm living in Australia, i moved from the UK. I have not moved my savings over the because of the bad exchange rates with the Aussie $ being at a 50 year high against the £. The exchange is volatile, and can spike 10 points with the jitters in europe. If the euro collapses or wobbles, people pile into sterling or the green back for security and dump the aussie and kiwi dollars. This has happend 3 times when the asian stock markets get a lot wipped off. The economy here has slowed but is far from recession, house prices are a lot more expensive than
  2. I am living and working in Australia at the moment on the Goldcoast. People here are just as mad about houses as they are in the UK, gets on my tits. The house here are just plaster board with an aluminium frame. At the beginning of the week the aussie $ was 1.62 against the pound and mid week suddenly massively dropped to $1.76 to the UK £. I was tempted to take my money out of the UK for the higher interest rates in Australia. Somethings not right, the rest if the world interest rates are between 0-0.5% and Australia's are 4.5%. When I read the facts on the Aussie banking, it reminded
  3. The £ has dropped to 1.69 against the Aussie Dollar, that is an all time record!!! Prior to that the lowest it has been was 1.72 to the $ People are rapidly loosing faith with the UK
  4. OK lets put a total run on the UK pound in perspective. Just after xmas one of the bookies put it at an 8:1 chance that the UK would need to go to the IMF for a bail out. What do housepricecrash people think the odds are now? I think that most investors will give the UK the benefit of the doubt up until the election. After who ever gets in will need to slash the debt otherwise there will be a total run on the pound. But I could be wrong
  5. I am living in Australia for a year on the goldcoast. Things are much better here than in the UK. Their banks are the most stable in the world they were not involved in subprime like ours. Although property is still rising and more expensive than the UK. Espcially on the Goldcoast because its such a exclusive location. I was going to transfer 100k over to a savings account here, the exchange is 1.72$ to the £, the uk pound is at an all time low againt the aussie doller. I'm guessing I would be folish to transfer over now incase the £ goes up? If it did I would lose a lot of money. You can get
  6. I am living in Australia for a year on the goldcoast. Things are much better here than in the UK. Their banks are the most stable in the world they were not involved in subprime like ours. Although property is still rising and more expensive than the UK. Espcially on the Goldcoast because its such a exclusive location. I was going to transfer 100k over to a savings account here, the exchange is 1.72$ to the £, the uk pound is at an all time low againt the aussie doller. I'm guessing I would be folish to transfer over now incase the £ goes up? If it did I would lose a lot of money. You
  7. Rent I guess like in parts of europe. I'd love to see the prices come down to a sensible level, like whats happened in the USA and in Ireland. Who knows whats around corner.
  8. There will always be strong demand for houses as we are an over populated little island. Even with 3 million unemployed there is still a large population of people working and wanting property. In my view the only thing that will bring prices down is when interest rates go up or sterling has a crisis which may or may not happen. Only time will tell.
  9. Im unemployed at the moment, and there are very few jobs about. After xmas will be doubt very difficult as its a flat time of the year. After the election when the tax rises and spending cuts kick will be the double dip in my view. We shall see.
  10. If a person has some money in the UK what should they do? Invest in gold, send it abroad? Convert to Euros? I seriously think there will be a run on the £. Its like Iceland, all the rumblings and rumours in the months before were right. Once a few start to jump, the rest will flood out.
  11. We are in a double dip, and the next dip will kick in after the election when the tory government inherit the biggest financial mess of all time. I dont envy them what so ever. After all, when labour came to power the economy was already on the up.
  12. Is it the case that the bank of England has had to print all this money, otherwise there would have been NO money in the economy due to the massive bank bailouts swallowing ALL our hard earned cash into their black hole? Is it not now the case now that to the banks it does not matter about risk, because if it all fcks up the bank of England will just create a load more money so they can carry on with the big bonus’s and risk taking?? So really absolutely nothing has changed. Hence the propping up of house prices, credit card debt etc. Is all this bank debt just being off set by the printin
  13. Australia - I just spent a month there and they are not fairing to be badly at the moment. Unlike here.
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