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Everything posted by Giordano Bruno
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Banks Tighten Credit as Default Rates Rise
Giordano Bruno replied to Mapatasy's topic in House prices and the economy
You mean they won't lend out a million or two to anyone who can sign a name on a self-certification form? Jeez. What is the world coming to? -
It looks more to me like CGI from a 3d program like poser or blender. I used to dabble in them for a while. To me, it's not just the sofa. The whole room looks like that to me. Look at the edge of the carpet over the wood flooring. Why is it so wobbly?
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Nationwide Sep 17 - data out Fri morning
Giordano Bruno replied to rantnrave's topic in House prices and the economy
Corrected. -
Prices in Balham, Clapham
Giordano Bruno replied to Claphamite's topic in House prices and the economy
Yes. I think you did get the timing spot on. Unless one regards the property as a home rather than an investment, I would say that now is a good time to get out of the market. -
Kitchen in the living room?
Giordano Bruno replied to Bruce Banner's topic in House prices and the economy
When I was young we had a hatch between kitchen and living/dining room. Mum would cook and open the hatch and put the meals on the bottom of the hatch to be picked up by the eaters, like me, in the dining room. Perfect, in my opinion. Even when cooking for myself, I could cook and put the food in the hatch and walk round to pick it up from the living room. -
I disagree. In principle, the creation of currency by printing or otherwise should be the exclusive job of the people, or their representatives in parliament. Likewise the setting of interest rates. JFK and Lincoln both paid the price for trying to enable government production of currency. We did have, for a very short while, our own debt-free and interest-free currency which was called the Bradbury Pound. The bankers and their puppets soon put a stop to that.
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I picked this off the front page of HPC in case anyone has failed to spot it. A nice bearish article. Enjoy. Economist: A little-noticed change in Britain’s housing market spells trouble for everybody
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I don't know as much as you guys do about property. I haven't ever owned one. But that looks to me like new-build, the type that has fake brick prefabricated facades, with few or no real bricks and mortar that gives a house a sense of solidity and character. I've seen that type of house being put up, I won't call it 'built', in a few days. Yes, characterless and depressing. I wouldn't buy it for a tenth of the price.
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Virgin Money Warns on London House Prices
Giordano Bruno replied to Shy Ted's topic in House prices and the economy
Backwards? Shouldn't that be down? -
That graph is well out of date. I believe you can download a more up-to-date one from Nationwide website. I did a while back and the rate of increase was 2.6%. It might be lower now. We have had this discussion before. It seems the red line is a regression line, a line of closest fit. Of course, the big bubble has caused the line to go upward but as time goes on, the rate comes down. Each point that is added which is below the red line will pull the red line down towards it, since a regression line tries to get as close as possible to all the data points.
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Halifax June 17: MINUS 1%
Giordano Bruno replied to rantnrave's topic in House prices and the economy
But, but, but, but, but, but, .... house prices only ever go up. -
There are laws now in some states prohibiting collecting rain water, eating in a public place, giving food to the homeless on the street, and growing your own crops. It is obvious that the government want everybody to be dependent on the state so that everyone will be more obedient and less troublesome. And Agenda 21 or Agenda 2030 will be implemented gradually so that it will be hard to notice it happening.
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Daily Mail...we are on the brink
Giordano Bruno replied to ingermany's topic in House prices and the economy
40% is not nearly enough to bring prices to sensible levels, in my view. We need falls of at least 60%. -
10 reasons house prices cannot go up further
Giordano Bruno replied to henry the king's topic in House prices and the economy
I've looked at posts since my post. I don't greatly agree or disagree. I will just add one point. Real house prices are doomed to fall regardless. It can be proven by simple mathematics that real house prices cannot rise forever by substantial amounts (I mean by more than a given non-zero amount). Nobody, bankers or government, can avoid real house price rises coming to a halt and then, almost certainly, (because a bubble feeds off its own momentum), real prices starting to fall. So, in real terms, I agree that falls will happen eventually. -
10 reasons house prices cannot go up further
Giordano Bruno replied to henry the king's topic in House prices and the economy
I would have agreed with you about six years ago. I now have a different perspective as to how the system works. As I see it, the bankers control the money and the politicians. Also, the bankers couldn't give a tinker's curse for the welfare of the people or of the nation. The bankers will do what suits them which, at the moment, is to print money, i.e. apply quantitative easing, to inflate house prices. Some day they might decide to crash the house of cards by tightening money supply and raising interest rates. They can then 'repossess' to gorge themselves on gaining property. But until they decide to do that, they can just keep on printing and people will keep on borrowing and buying. They can print for as long as they like. -
I believe that is the agenda which the globalists, aka bilderbergers, aka banksters, have in mind for us. This is described in manifestos Agenda 21 and Agenda 2030. They don't want people to own houses but to all be cramped into high density cities in condominions while most of the world is depopulated so that the so-called elite can then swan around large areas of natural beauty without seeing any of us plebians.