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House Price Crash Forum

clv101

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About clv101

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    HPC Regular
  1. clv101

    Is It Game Over?

    Plenty of folks were saying this before the last election. Why will the next election burst the dam when the previous one didn't?
  2. clv101

    Is It Game Over?

    Urm, plenty of folks said that last decade! I think people need to think long and hard about why their crash projections the best part of a decade ago were wrong and how the same thinking can be right today.
  3. clv101

    MAIN HELP TO BUY MARK2 THREAD -

    Is equity loan available for self-new-builds?
  4. clv101

    MAIN HELP TO BUY MARK2 THREAD -

    This scheme just sounds like a 5 year interest free loan for 20% of the house value? Buy a house for £200k and you only actually have to hand over £160k with the other £40k being paid by the gov. After five years interest (fees) have to be paid but they aren't very high and linked to RPI - also the lump sum can just be paid off at any time. If and when the house is sold, you have to repay the £40k or 20% of sale price whichever is larger, however if the house is likely to sell for more meaning you have to pay back more than £40k, surely you'd be better to pay back the £40k before the sale went through. One thing I haven't worked out is whether you need a mortgage at all. All the examples talk about 5% deposits, 20% government loan and 75% mortgage. What about 80% 'deposit' and 20% gov. loan?
  5. clv101

    Motorists Facing Perfect Storm

    It never ceases to amaze me how much attention fuel prices receive. We have a huge amount of control. In the face of prices literally only changing by a few percent we can choose to drive at 55mph or 75mph saving dramatically more than price change. Most of us can reduce our mileage a bit by cutting out a trip every now and then, working from home occasionally, car sharing once in a while etc. In the longer term we can choose to drive a car that does 30, 50 or even knocking on 70mpg, again a difference dramatically greater than the price change. In short; I see small price changes in the grand scheme of things, I see a lot of control over our fuel use and yet a major overreaction by a lot of people.
  6. Expectation, aspiration... those who own houses (especially those with large mortgages and little capital) see house price inflation as a way of making money. Even those who don't own property yet aspire to step onto the perceived escalator. Despite the fact that house price inflation makes it harder, they haven't given up hope and expect one day to buy, hence they don't want to very thing they are aspiring to to fail. As with many things, I think the media has a large role in shaping this perception. Why is inflation reported by media as negative thing except house price inflation, which is reported as a wholly positive phenomenon?
  7. Looks like gold prices are currently up ~5% on the back end of last week... there's certainly money to be made for the brave/lucky!
  8. Who (which central banks I presume) has been selling large quantities of gold in the last few months to drive the price so low? If/when equities crash - if it reasonable for gold to become attractive again?
  9. Interesting day! Started around £28k /kg and currently stands at £26,760 /kg, -4.4%. Hasn't been this low since Sept 2010. Over the last three months since 20th March the price has fallen some 21%. I don't really understand why so much money is piling back into equities though, the global economy us still fundamentally broken. Why the recent switch away from gold?
  10. I wouldn't say it's clear that gold is going down. Is the gold price positively correlated with the stock market? Could you expand on the chain of events leading to the gold price halving during the next year? This seems pretty dramatic and would need some persuasive arguments to take seriously.
  11. Wow, which raises the question, where is Hong Kong importing gold from?
  12. After the dip in gold price around three weeks ago followed by partial recovery - the last couple of weeks have been remarkably stable. Anyone have any thoughts about that? Where can I see the actual daily volume of gold being traded? Has last months excitement died down now?
  13. Very unlikely, Europe simply doesn't have the natural resource foundation to become a superpower.
  14. clv101

    Economy Shrunk 0.4% In Second Quarter

    Following on from FreeTrader's chart... I drew this chart a few weeks ago: It's been an interesting decade! I doubt whether any country (outside of wars and natural disasters) has ever experienced such a change over so little time. Whilst that chart is in energy terms, the economic shift is far more dramatic. In the late 90s when our exports were at their highest, oil was under $20 per barrel, today with high imports it's more like $100. Sell low, buy high! That's not right...
  15. Yeah, where does one buy cheap panels? Not bothered about FiT and having them installed, just the panels?
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