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House Price Crash Forum


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Everything posted by zilly

  1. Well if you can't remember it then it must be recorded somewhere - so your hypothetical torturing housebreakers would just torture you to access it, as opposed to torturing you to give it directly.... Not really sure of the advantage of that TBH...
  2. Sell to whom I wonder..? The people their speculative activity has priced out..?
  3. 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..?
  4. 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.
  5. 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...
  6. 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.
  7. 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!
  8. 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.
  9. 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.
  10. 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.
  11. 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..?
  12. 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.
  13. 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.
  14. True but only if it's a net vote winner...is it any more? Sands have shifted.
  15. 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.
  16. 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
  17. There's only a 'dire shortage' of property for sale when prices are rising (demand due to fear/greed during the up-cycle)...when they start to fall, the clamour to buy stops and hence so does the shortage of available places to buy. Thus is the nature of all bursting asset bubbles. Some folks getting a 2 year extension on their IO disaster won't make one iota of difference once the inflection point is passed.
  18. The worst excesses? - what could possibly be worse than having to create hundreds of billions of pounds to hand over to deregulated casino bankers..? We have a socialist hellhole - just one in which the social capital 'trickles up' to bail out, subsidise and guarantee the losses of private businesses. Socialism for the wealthy (ref: Jaguar Land Rover for example). One of the major obstacles to moving back to functioning social democracy is getting people to see that the system they have lived under for the last 40 years is the radical one - it has produced yawning wealth and income gap last seen a century ago - as it was specifically designed to do. It has hollowed out our manufacturing base and replaced it with debt-fuelled asset bubbles. It's the reason this website exists. What about the trajectory we're on WITHOUT radical change?
  19. On the bright side, at least you now know what a demagogue is, and hopefully how to spot one... Who'd-a-thought a billionaire real estate speculator with a narcissistic personality disorder and the emotional response of a three-year-old wasn't really that interested in anything else than fame and power? Shocker, that.
  20. Identikit villas backing onto manicured soulless golf courses, topped off with stifling heat. My perfect vision of [air-conditioned] hell.
  21. It was not long after the magic money tree was planted in 1971 that my dad got his first 'Access' credit card. I remember as a 6 year old thinking that it was strange you could spend money that you hadn't worked to earn. Still do. Far too much easy credit has made us as a nation (and we are far from alone) lazy, greedy and self-entitled, and has handed the finance sector far too much power that it now wields over our politicians.
  22. Well it's a good thing in the sense that it's a number fewer of the people who recklessly gambled and destroyed the world's economy 10 years ago, then sucked trillions of dollars in aid out of various states across the world, and it's a number fewer of the people who were their support staff and therefore their enablers (your 'regular people'). It's a good thing in the sense that it represents a shrinking of the parasitic speculative finance sector which has completely co-opted the political process and stands as THE major threat to our social stability due to its bottomless greed and willingness to engage in exploitative usurious behaviour. So there's a couple of 'senses' for you, Greg.
  23. Indeed - it attracts spivs, thieves, speculators, chancers, tax evaders looking to make a fast buck and /or hide/wash their ill-gotten gains from all over the globe. It is the European centre of money-worship, conspicuous consumption and glorification of greed. Truly an achievement of which to be proud - those losers sitting in other EU capitals can only aspire to our third-world levels of wealth and income inequality.
  24. Strangely absent = sat in storage at places like Bruntingthorpe and Rockingham...a story I'm sure repeated at disused airfields etc. around the country. Why buy/lease a 3 year old car when a few pounds more a month nets you a shiny new one? When this debt bubble implodes those who've kept their powder dry and are sitting on a bit of cash are suddenly going to find themselves highly in demand once more, and with a plethora of distressed-sale former assets- which have turned into liabilities - to choose from. A little [more] patience is all that's required.
  25. Rooms plural? As far as I can see a floor of a house partitioned by battens of wood onto which is nailed some gypsum board remains one room - if you can have a conversation with the person in the 'room' next to you through the 'wall', it's one room as far as I'm concerned!
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