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House Price Crash Forum


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Everything posted by andrewwk

  1. lol, I thought the same but hesitated to comment thinking it in slightly poor taste...
  2. because it's all gone pete ...
  3. it's the big problem with this forum: half the people here have something interesting to say and the other half are wingnuts. sometimes hard to tell upfront which group someone belongs to (also, the balance seems to have deteriorated over the years that I have been reading it)
  4. "Stock prices have reached what looks like a permanently high plateau" Irving Fisher, economist, 1929
  5. mathematicians might have something to say about this...
  6. Don't really care about "-isms", but in a lot of areas allowing the price mechanism to balance supply and demand works pretty well (and in a lot of areas it doesn't, in which case the govt should step in). I just don't think that blaming the current housing mess on capitalism / free market economics makes sense, given how distorted the market is. TBH we are probably in agreement on the broad points: I am not in favour of "uber-capitalism", but rather a mix-and-match approach.
  7. isn't this yet another symptom of the crazy housing market (massive mortgages)?
  8. Nothing capitalistic about the private rental market (with the govt effectively paying the mortgages of BTL landlords in order to house the poor), or indeed the wider housing market (with its inability to respond to price signals because of restrictive planning permissions).
  9. so Jennifer Arcuri has gone from sucking Boris's Johnson to internet conspiracy loon in a few short years...what a trajectory.
  10. great clickbait headline. try this one crazy old trick to solve all your mortgage problems. building societies will hate you!!
  11. At a glance, can this be true - isn't it actually worse? If migrants have an overall +ve contribution and the budget is balanced, surely UK citizens must, on average, have a negative contribution? unless there is some mystery third category...
  12. The inequalities that are rooted in colonialism definitely play a role in maintaining that lifestyle (the "benefit" that flows to the SA middle class of having a permanent pool of cheap labour). However, cheap property is a big (and underappreciated) factor too. One thing that always strikes me is the rate at which SA cities expand - case in point, when I was at school, we lived for a while on the edge of the city (I could see open fields from my window). 20 years later, that same house is now in the middle of suburbia. Obviously there are pros and cons to this, but it certainly helps to mop up excess demand.
  13. parts of Cape Town, probably. or the Garden Route perhaps. Most of the crazy crime stats / stories relate to Johannesburg.
  14. but I thought you never met a nice South African? or maybe he wasn't such a good friend after all..
  15. nonsense, plenty of black wealth (e.g. Ramaphosa himself), surprised you never saw that on your many visits.
  16. nah don't worry, most older people will stay there because the general standard of living is so much higher in SA (if you can tolerate the ever-present threat of crime) and the instability will probably not turn into outright chaos within their lifetimes. TBH the main reason we come to work in the UK is the chance to save without capital controls (well that's my reason anyway). If I was saving in rands, I would be stuck there long term. Although I am sometimes tempted by what my GBP deposit would buy me in one of the nicer Cape Town suburbs...
  17. Zuma is the fool who thought that showering after sex with an HIV+ woman would reduce his risk of catching an STD. Enough said.
  18. you seem to have some quite strong opinions about SA and its people. Have you ever been there?
  19. looks superficially similar to the SolarWinds debacle, right?
  20. this fool paid 250k and didn't even get a shag. he could have had no end of Ukrainian prossies for that kind of money.
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