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House Price Crash Forum


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About sonixtorm

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  1. It really is worth reading 'The Affluent Society' by J. K. Galbraith...
  2. Well, at least it's a step forward from 'falling house prices are bad for FTBs' which I saw argued by a property 'expert' the other day on TV (can't remember which channel). I honestly don't know how the presenter kept a straight face. sonixtorm
  3. Let's face it - it's going to take some fairly delusional increases on some houses to counter the drops seen elsewhere, and produce a positive index each month.
  4. This is a clear example of a 'non-meeting', as described by Galbraith in "The Great Crash of 1929" IMHO.
  5. I was annoyed that nobody responded to this. It wasn't so long ago that the Northern Rock site itself was proudly proclaiming "open for sub-prime business" IIRC.
  6. I remember reading at the time that the Governor proposed that the BOE be given the authority to act as a "covert lender of last resort" for a "limited period". Not sure what the legislation actually passed allowed for though. sonixtorm
  7. Or in the terms of the quotation, what constitutes a "win"? I think that's different things to different people. For some it may be a certain percentage drop, for others it may be justification of a financial decision or a choice of investment.
  8. “First they ignore you, then they laugh at you, then they fight you, then you win.” I think we may be arriving at the "fighting" stage.
  9. Glad it's not just me . All seems to be well again at the moment.
  10. Don't know if anyone has changed anything, but all of a sudden it's working this evening. Thanks.
  11. I am having an issue accessing HPC from home - no problems elsewhere. Basically, the domain name resolves, but either pinging the server or accessing the page itself just times out. Are any other Demon Internet customers having the same issue? I am happy to provide further IP details if the mods would care to PM me/investigate further, Thanks, sonixtorm.
  12. Merryn was on Breakfast with a BTL magnate as a teaser for the programme this morning. The BTL guy lost the argument before he started through the sheer force of his terrible suit in my opinion
  13. It was front page on one section of the FT over the weekend.
  14. Translation: a rather large investment bank won't buy our securitised debt any more
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