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House Price Crash Forum

zilly

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About zilly

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  1. Sell to whom I wonder..? The people their speculative activity has priced out..?
  2. Probably because they haven't got hoards of wealthy investors willing to finance a loss-making business year in, year out in the forlorn hope that one day the business will obtain monopoly position so it can rack up its costs and finally make a profit..?
  3. Depends on how that message is interpreted and by whom...after all, one could argue that the mugger/burglar is just 'fending for himself'. And if you shrink the state to the point that we can't effectively police our populace (if that hasn't already happened), you'll be meeting plenty of those types.
  4. Should've stuck to real engineering instead of financial engineering. ...but I guess the former requires really working for a living, and is not generally the way to fast, easy riches! Jut as well here in the UK, unlike those silly Americans, we held on to our manufacturing base. Oh, hold on...
  5. Precisely. It's portrayed by neoliberal propaganda as 'tax and spend' but the reality is that it sensibly suggested taxing and saving in the good times to spend on public works in the bad. But it's been smeared by wealthy interests who don't want to pay taxes in bad times or good...not willing to 'pay in' when they're doing well to help out the country during downswings, even though they themselves would benefit from said stimulii in both social and economic terms. One of the many corollaries of the tearing up of the social contract in the 1980s to be replaced by glorified naked greed and self-interest (i.e. third-world thinking) that have led us to where we are.
  6. British people have been deceived for a long time with stats such as price inflation (doesn't include the single biggest cost a person has to meet of a putting a roof over one's head, or measure 'shrinkflation') and GDP (DOES include strangely the cost - strangely adjudged a 'product' - of the rent you don't pay as a homeowner). A really good question as to why the above is true to ask of your prospective MP when (s)he comes knocking IMO. Probably won't even be aware though sadly!
  7. Ah but remember according to postmodern thought there is no absolute truth...she was telling HER truth about those figures, based upon her female intuition...so it's OK. Apparently.
  8. So how do the Germans ensure that, then..? I'm sure we're all ears. Ain't all about German car exports - makers in Germany of the stuff we'd want to export to them (ours made in Bangladesh and Romania,natch) would of course demand protections. That's why in REALITY these things take so long...years, in fact. Wishful thinking, magic wand stuff on your part HIH it would seem; POOF! says Fraulein Tinkerbell - and there's a signed trade deal! Jubbly.
  9. There's no conspiracy - gold just isn't a vehicle for speculation for the masses like stocks or real estate, so it doesn't get the coverage. People don't want to read about things that plod upwards. UK and USA now are like Japan at the end of the 80s. All forms of gambling/speculation are off the charts; PMs are 'boring' so they get no attention. For those who have a bit of 'common' and a bit of patience (not a characteristic of the gambler, and certainly not a character trait that is held in esteem any longer as we slide deeper into decadence) gold has been a nice little earner on the QT for a few years now against many FIAT currencies.
  10. Well,,no, it didn't recover because the Nikkei index is still lower than it was in 1989 - ergo..it didn't recover. Dividend payments do not constitute a recovery in stock price, which is what I'm talking about - not ROI. Nikkei November 1988: 36000 Nikkei August 2019: 21000. Alles klar..?
  11. Interesting that you take is axiomatic - an absolute certainty - that even if it does crash, it would recover to where it is. Why? Just because 'it always has'..? What would drive the recovery - people taking on even more debt than they already have..? Western economies have made the same mistakes in following the same path of the Japanese - their stock market has never recovered from its crash nearly 30 years ago. Food for thought, maybe.
  12. So the only parameter to be considered...is borrowing rates. Things like operating profit obviously of no interest - that's 20th century stuff! It's all about mass buying and the momentum it generates - business fundamentals are apparently of no concern. No wonder corporate boardrooms are loading up on cheap debt, buying their own stock and reaping the rewards of the effect on their stock option packages...beats working for a living. What a strange world the financial speculators and their algos have delivered us - but what happens when the party stops? I guess the price of gold and bitcoin is telling us that other people are asking themselves the same question, and are quietly preparing.
  13. True but only if it's a net vote winner...is it any more? Sands have shifted.
  14. London is in the first days of its 'Tokyo 1990' mirror event. At least a decade of price falls therefore to come IMO, needed to bring it back to the reality of 'affordability' for those who don't have hedge fund salaries or large stashes of embezzled cash to launder. Mr. Budden has no idea what 'prolonged' means yet.
  15. Build on green belt and cut tax to end home crisis buy the Tory party votes from people under 60, because we've been rumbled urges Jacob Rees-Mogg
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