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House Price Crash Forum


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About Moneyalchemist

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    HPC Poster
  1. This seems to be a global phenomenon for life in any developed country. I move about between UK (SE, inside M25) and Germany (SW near Swiss border) and NZ (Wellington area). Some observations: SE-UK - Completely unaffordable house prices, moderately expensive food, high property taxes. Germany, fairly cheap and abundant housing built to a high standard - even the old stuff, very low property taxes, much cheaper food with a wide choice. NZ - Houses half of SE-UK cost (Outside of Auckland) - but flimsy build mostly - OK for the mild climate though, expensive food with limited choice outside
  2. Yes I agree but HMRC do not really know what to make of BTC at the moment - and I guess that there may have to be a test case in court where they are challenged by a BTC trader in the UK to really see if such trade id VAT chargeable - afrer all such exchanges will reach 79K T/O in a matter of weeks. Forcing them to charge VAT will merely move all UK exchanges to more favourable climes such as Germany.
  3. Great, informative thread. Last night I was at a London Bitcoin Meetup in the City - 125 attendees, great enthusiasm and good presentations. see them starting with the first: http://www.iamsatoshi.com/bitcoin-focus-framing-the-debate/ Someone reckoned there was a net worth of tens of millions of GBP in BTC in the room -particularly at today's $892 unit price. Key discussions afterwards focused on the resilience of BTC - the fact that it has such a level of difficulty now and such a network effect that no alt coin can get anywhere near that robustness - no individual entity has the hashin
  4. It could be that we may now be approaching the vertical of the s-curve in BTC. Take a look at the following site: http://fiatleak.com/ There seems to be a gradual but ever-increasing leak from the shaky, QE-addled fiat currencies into what is perceived (certainly by those who have made the effort - took me months and I'm an IT guy - ) to be a stable store of value if not yet a viable means of payment transfers. If the leak turns into a river and then a tsunami - then the prediction of Max Kaiser et al of 1 BTC=$US 1M may not be so far off. I guess if every HPCer put a few hundred GBP into
  5. Hmm - in 1994 It suddenly dawned upon me that this Internet thingy was going to get mega big - I was really wowed by the global instant communication nature of it. So I became probably the first person in the UK to start giving seminars to business leaders with the slogan "If your company isn't on the Internet by 2000 it may now exist much beyond then" I was subsequently invited to give a talk to the CBI about the future of the commercial Internet and I emphasised its function as a means of handling money ... Fast forward 30 years later - I had a similar Wow experience about Bitcoin early t
  6. Bitcoin was introduced in 2009 and subsequently spawned a bunch of copycat crypto-currencies, most of which have died off due to lack of network nodes to maintain them. There is now really only Litecoin (LTC) which still appears to be viable and has been likened to silver as opposed to Bitcoin's gold. Bitcoin has an early adoption advantage and is rapidly gaining critical mass and my feeling is that is is far more robust than any of the pretenders. I knew about bitcoin for a while last year and ignored it as it seemed to be a geek toy - however when I began to look into it seriously in Jan
  7. I bought a few a month ago - the price has more than doubled since then - I looked into it first and I´m holding. See:
  8. I can anecdotally confirm the price rises in Germany. I bought a flat in SW of the country in 2006 and sold it in October 2011 for 43% more in Euros, 100% more if you calculate in Sterling.
  9. I'll second that. It`s certainly coming - on the democracy front see: http://realdirectdemocracynow.blogspot.co.uk/
  10. Great and insightful post about the people. I lived in Vancouver a while back - a great city, wonderful scenery etc - but "The people are just so...frightened of telling the truth" Makes for a boring place in the long run. When I was there it reminded me of the movie "Casablanca" - a place full of recent immigrants from everywhere looking longingly over the US border - to a place they longed to live in but were disallowed through crazy immigration laws.
  11. UK Property taxes (Council Tax) are by far the highest in the world. http://www.ft.com/cms/s/0/297eaefe-606d-11db-a716-0000779e2340.html#axzz1q79pVYh0 The link above is 6 years' old but I saw a recent article somewhere which said much the same thing. When I lived in Germany and owned a property I paid about 100 euro a year in property taxes (Grundsteuer). Council Tax seems to me to largely a rip-off, and bodies such as the Taxpayers' alliance seem to be toothless to do anything about it.
  12. "Taking all debt together, private, public and financial sector, Britain (top orange line) is the most indebted nation in the world, far exceeding the eurozone countries now in so much trouble." http://blogs.telegraph.co.uk/finance/jeremywarner/100010956/britains-deleveraging-nightmare-threatens-its-triple-a-rating/ Once deleveraging starts in earnest asset values will need to be broat down .. HPC here we come!
  13. "There have been experimental reactors fueled by thorium, there will be more, but large scale, commercially viable reactors? In less than ten years? No chance. Bombs, again: Thorium “can’t be used to make an atomic bomb” Thorium “can't be used for making bombs” “You CAN'T make bombs from thorium reactor fuels or wastes” Wrong. We have made bombs from thorium. The delightfully named Operation Teapot MET in 1955 was the first, I've seen it claimed that there were several more. The material used in these bombs is uranium-233, a different isotope to the U-235 that's generally used. U-233 is
  14. Thorium is NOT the answer, it's really messy stuff to deal with: http://happyinmotion.livejournal.com/271177.html
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