Not Long Now

Well at least it's posted in the correct place.

I have nearly fallen out of love with this site, due to the sheer amount of shite and crap threads posted on the main forum. Some of the users need to realise that copying and pasting newspaper weblinks as a new topic rarely constitutes an interesting read. As a result, alot of the decent threads get lost under the pile of dross. However, the Gilts thread has re-surrected my interest, and there are alot of decent thread there if someone bumps them up the list on the main forum. Therefore, my suggestion is to either pin the better threads on the main forum, or at least offer a "rating" for each thread so users can see at a glance which threads are a better read. We can "star rate" individual users, so why not specific threads? After a certain period of time / number of hits / number of posts and / or the user generated rating for a specific thread, will result in it being pinned, (or even better - moved to a forum board of its own for users to find all the decent threads. We could call it the Champions League Forum, while the current main board will be relegated to the League 1 forum). Just a thought...but I'm sure people will agree that the amount of crap on the main forum gets soul destroying. Who knows, HPC may even attract back alot of the more informed posters who have probably buggered off for the same reason that I nearly did.

Maybe, maybe not. But a bubble is generally defined by it's symetry up and down. The are nearly always perfectly rectangular in nature. Look at the last housing bubble. The only difference this time around, is the bubble was so long in the making, therefore it will be years in deflating. This bull trap has happened near the top. A long way down yet my Scottish friend.

http://www.market-ticker.org/archives/2009/05/27.html

Had a meeting with a client recently, who deal with Commercial and residential property valuations, and they gave the distinct impression that they may not be with us for much longer.

September time .....September. Might see a small levelling off between now and then, but nothing more. Wait til the Autumn.

Denninger's blogs have become a bit ranty recently, but that one is a good one. Similarly, the Bloomberg link is interesting. I for one can't see any value in current house prices here or in the states. Still stupid money, still a long way to fall IMHO.

I think you have completely mis-consrued what he said. My understanding was he was saying that this was the end of the possibity of wholesale banking collapse. The fallout in the economy will continue.

I think other posters on this thread have hit the nail on the head: The argument is won, the economy has collapsed, and there are probably one too many who seem to be revelling in the gloom a little too much on here. Also, a proliferation of threads that are just a "cut and paste" from the Guardian / Times / Indy (delete as applicable) without really adding much to the debate are tad tedious (no names mentioned )

BIRMINGHAM, BIRMINGHAM, BIRMINGHAM, BIRMINGHAM!!!!

With 30,000,000 deaths, I for one wouldn't give a shite about house prices! Not really. I think people are more likely to stick together in these times. They say rightmove has some of its biggest numbers of hits in early Jan, where wives and husbands try and get a view of how much their house is worth before delivering the "i'm buggering off and want half" type statement. Interesting story. Work in a client facing / account management role for an IT company in quite a niche area, so it's good to hear your story. Difficult, generally, to get set up at any decent level in IT as it costs so much in initial hardware / infrastructure to support clients, and then of course technology will move on a rate of knots. Is that the money or the friends that you don't expect to see again?

Sorry - still don't buy this hyperinflation option. How do you get hyperinflation when very few people have the cash with which to "rush out" and purchase to create this hyperinflation? Short of the government sending us all a brown envelope with £10, 000 in freshly printed notes, I just can't see it. edit:sp

This scheme will doubtless fall foul of the good old NuLabour "law of unintended consequences". What happens to a 10 year old car that on Monday was on the market for £150? It's now worth somwhere between £150 and £1999.....as even if the current owner doesn't / can't afford to trade it in for a new car, someone will pay alot more than its current market value if there is a saving that they could make by buying this and trading it in to get their 2k off. Mad really. The car worth £150 is not far off being scrapped anyway, and the potential purchaser of the new car would have bought the new car anyway. On this basis there is the potential for no net benefit to the car market, except that the price of 8/9/10 year old cars will suddenly be alot more expensive which could price out those that rely on cheap runarounds. Like I say, the laws of unintended consequnces is a cruel an unpredicatable mistress. EDIT: I have only read the first couple of posts on this thread, so apologies for any duplication of other posts....this is just the way I see at first glance.

MONDAY 14th SEPTEMBER WILL BE THE DAY! The end of the financial world will be nigh

Agree with what you say....but it's difficult, if not impossible, to replace industries in certain towns where that industry is the town's raison d'etre. In such circumstances, policies aimed at occupational and geographical mobility should be the order of the day. The downside: those that can move out do, leaving only those too sick, old or infirm to remain. Classic example is Merthyr.

Completely agree. Some dirty money is running through the place, aided by all of that "regeneration" cash that has come about because of the City of Culture award.

Been to Liverpool recently? Every other house seems to be boarded up.....yet little work would be required to make them habitable. Liverpool City Council are up to their neck in some very very odd shenanigans. Edit:sp

...everthing is cakes with you isn't it.

Yep. 10p from me. But I want a Saab...and not a Hummer. Too expensive to run.

I think your prediction is a bit OTT, but I do think we are seeing the death throes of current rally. Too much bad news coming, with banks starting to take a hammering again, and the possible Chapter 11 for GM.

Happy to be corrected if I'm wrong. They were still bracketed with the Icelandic Banks in terms of riskiness during my last research. Again, happy to be corrected.

They've got until the 1st of June to reach agreement with unions and suppliers over pay cuts and re-negotiation of contract etc haven't they? Rumour is they are ready to go into Chapter 11 way before then.

Rightmove figures are only down about 7% YoY, when sale prices have fallen by double that. A useless measure if ever there was one.