Mr_Nice
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Posts posted by Mr_Nice
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****** this makes me laugh.....
right laurejon is sort of right you wont make any money or progress saving and sitting doing nothing with your lives BUT if you are really interested in the cold hard cash of it all then property is a stinking investment and will be for years to come
easy money made. move on their is nothing to see here. other than a bit of rubber necking at the victims on the side of the street
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I would not count on anything. I think there is a decent chnace they will remain vigilant. The credit markets are in deep doo doo and the tightening that is going on will fix the inflation problem with a nice recession at the end of the 4th Q.
If I was a gambler I would put a tenner on hold. Accepting its a longer shot than a hike.
They will go up, the bank will take advantage that everyone is expecting a hike. However, there is an outside chance of a .5% to try and kill inflation across the board
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Ha bloody ha. Invest a 100 large and get back 5. Quality
SUCKERS
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Hm, "effective yield". That sounds like some sort of a BTL metric
You are seriously confused. Returned cash is nothing to do with yield. At all. The closest equivalent would be a BTL investor who bought a flat that came with a maintenance fund and decided to return said monies to himself. He simply bought money with other money. There is no yield involved.
Ah, yes. Have you had a chance to share the benefit of that piece of wisdom with someone who invested in the FTSE at the peak a few years ago? She is still sitting on a capital loss.
I never cease to be amazed just how easy it is to devise a novel and entirely infallible investment method ...
Quite.
Monger hows that savings account going. As promissed BP has already given me in six weeks what you will get in two years.
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Damn right it's a problem with supply. Supply doesn't meet the demand. The demand is high, not because suddenly everyone wants to own 10 houses, but because the banks are willing to lend people enough money to start them on their way to 10 houses.
Everyone always wants 10 houses, it's the banks that modulate who gets that and who doesn't. Banks control the demand, not the people, and it is they, led by the central bank, who have tipped the balance in favour of increasing house prices.
Supply has bugger all to do with it. Consumer demand is omnipresent, it's the consumers who have the money ready that are in oversupply.
ETA: What happened in Spain has nothing to do with lax regulations. It is not the governments job to bail out foreign investors looking to scam a little bit of money before buggering off back to Essex. The problem was too many people with money available causing a huge increase in demand, and the builders were just out to maximise their own profits. Take away the money, and you still have lots of people who want property, just now they're not in a position to buy.
How well put. "Consumer demand is omnipresent" . Totally agree, my parents "live" in three house, much to my disgust, and then my dear old ma has the right to feel that she is a socialist because she voted bliar and tells me how hard things were under thatcher and how lucky i am to live under a labour government. Of course, any present problems are due to thatcher not a decade of blair. hey ho.
Anyway. Back to your point. Given the ability to borrow enough money to buy the planet i would probably deem that a good investment as surely other people would want a planet too. If the bank was happy to lend the next person more money then i would be nicely in profit.
This is the crux of the matter. Whilst the money is easy prices will go up. Will it continue? I am not sure.
One thing i am not clear on is that banks have the ability to "create money" buy creating a negative balance on their books. What stops them creatinga negative balance of 1 trillion and charging themselves no interest and thus driving yeilds on anything to effectively zero?
excuse me if i dont reply to answers but i am off to nam tomorrow. sun sea and great food.nice.
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I see. Just one question then. If you are so clever and can easily see all this, why aren't you a trillionaire by now. For someone as clever as yourself it would be very easy to gear up and through the magic of compounding make as much money as you care, except possibly if you are a deluded dreamer who thinks he knows all there is about investing but inexplicably lives in poverty.
Many people on here think it will buy a lot more housing soonish. It yields in excess of RPIX even after tax and that is good enough for me.
I didn't imply i could work out swings in the market accurately enough to leverage up hugely to take advantage of every small movement. That’s not the point i made. I was looking at long time yields. Poverty? Since you ask, at 34 i have about 1/2 mill (which aint that much money any more) and as an IT manager for blue chip have a nice income too. Thanks for asking.
Cash is and always has been the worst investment over any meaningful period.
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I don't think my cash is losing value, though not the part subject to tax
Nevertheless, its value is unlikely to collapse quickly. Hoarding cash would have been the sensible thing to do in Japan at the top of the boom. Can you explain why your reasoning would not have applied there and then?Oh dear......... of course your cash is not losing value. Its fine. Solid. You poor deluded fool.
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Ah a monkey.
Returned cash is nothing to do with yield.Hmm. So yield as i stated is dividend. Do you understand the dividend is paid to you?
Ah, yes. Have you had a chance to share the benefit of that piece of wisdom with someone who invested in the FTSE at the peak a few years ago? She is still sitting on a capital loss.Ahh monkey. Buy the asset when its cheap sell when expensive. Is that so hard. In 2001 the ftse was expensive, property cheap. So own property. 2007 property expensive ftse cheap buy SELECTED stocks. Trying to keep it simple for you now.
Now go forth and buy BTL oh wise man.
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oh lastly the ftse going up is good. good me for HPCers. Increased shares prices make it easier for interest rates to go up. Could go into it but i think its pretty obvious why.
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Shares are vastly expensive?
Do you have a clue what you are talking about! There any many shares on the market with an effective yield of 10%, which you get for sitting on your ****. Want an example.
BP cash returned to shares holders this year will be circa 10% comprised of div yeild and buybacks. The monkeys will say ahhh but you don't get capital appreciation. Really. Capital appreciation is really that your investments on the whole keep up with inflation. You think that wont apply to oil.
I can't recall a time with BP when its ever had voids, or needed maintainance or share holders being woken up to repair a boiler! Of course shares carry risk and are more volatile and you have to have a brain unlike BTL.
Anyway i don't give a sh*t if anyone takes any notice or not. But well picked shares around the world are very cheap. If you buy for yeild then nominal prices in short term are irrelevant. Even in a recession will people drive less, use less enenrgy, will the chinese growth stop. I think not. But hey, what the fack do i know.
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It will be interesting to see how much of a cash cow the developers believe in this market of once low interest rates.
I fully believe there to be an 'event' that will raise them.
I guess it's all down to leverage, if there is a global issue / excuse for IR's rocketing (it seems it's always the case in a 'business cycle') then how many of these developers will suffer. If they do suffer prices will be forced down like a second rate pro. lol.
haha comparing HPC to mongering
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tell him the facts and them leave him to make his own mind up, DO NOT PRESSURE HIM into right and wrong we are not in the bear market yet and you are NOT his father.
after that there is nothing you can do but let him live buy his own choices
after all with a significant money pump house prices may still go up and he will look back at you with a distaste in his mouth.
too many people have called the crash and been wrong, do n ot be one of them. I no longer speak of the C word to anyone - friends or family, let them make their own decisions and i will make mine.
Yep you are right. I now understand that the C word is not to be discussed anywhere but here.
I agree it is far from certain that there will be an HPC. However, I have and will continue to ensure that i increase my wealth (monetary) above the rate of house price growth. Its funny i can now buy a place in cash but i am even more reluctant to buy with cash than debt. Having debt has been the wisest move for the past 10 yrs it will 'probably' be the same for the next 10 to.
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Absolute ****. I expected this, when housing is booming they say its not their concern it isnt linked to consumption so therefore has no impact on rates. Rates are about controlling inflation.......
Housing slows..... all of a sudden we will drop rates to protect it. Watch facking sterling burn.
Make sure that you are not holding too many £s, you could easily loose 20% in as little as a couple of months. Personally i hold a mix of loonie, some metals and most importantly foreign shares or uk shares with foreign earnings i.e big oils etc.
How hold millions of Dong too but thats cos i am goin on hols friday
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itwas good for me - appears they are holding a detailed history of price reductions per property so guess an extra table - if they were just holding start and current you could do without
possibly a little off topic
Agreed I would design it that way too. One fact table, one record per house with columns original and current price.
I'll get my coat.
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It would be interesting to see the database structure behind this. If they are recording EVERY price drop for each property then you can see where the problems might lie.
The database would be relatively tiny after all there can't be more than a couple of million records in it. Only three to four tables required depending on the degree of normalisation.
Would run super quick on a basic dl380 which cost about a grand.
I run a 2TB DW on hardware not much greater than that loading around 40 Million records a week. Fack, that was interesting for everyone
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Would somebody like to start an official 'propertysnakewatch' thread to keep a daily update on the numbers on the lines of the existing daftwatch thread.
great site. some twit has reduced their price from 695k to 690k.
thats going to get them flocking in!
I can imagine the dick thinking i wont except offers.lol
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You can't handle the truth
you non truth handler you
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I agree that few will expect them to raise in June. This is why it would be highly effective to do so, sending a message that they fully intend to contain 'infation'.
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http://www.advfn.com/news_BoEs-King-says-c...E_20654451.html
Rates to rise and risk to the upside.
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Housing bubbles are akin to farts in the bath. Once they rise to the surface, they dissipate and cause something of a pong. Should you happen to miscalculate the risks, the outcome could literally result in you winding up in the proverbial...
and this one is definitely touching cloth
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i think one of main packages is called Gauss or more accurately guess.
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mmmmmmmmmmmmmmmmm
http://www.sistersdiy.co.uk/assets/sarah_02.jpg
assets your not kidding
http://www.jla.co.uk/images/Artists/BeenySarah1P.jpg
excuse me i have just c.....
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http://www.larouchepac.com/pages/breaking_...n_housing.shtml
Copenhagen: Every Hour the Apartments lose $20 in Value
April 30 (EIRNS)—The Danish housing bubble is beginning to seriously deflate. Danish home owners, who have seen continuously rising prices in real estate over the last years are now seeing the opposite: Housing prices are falling by the hour.
The big Copenhagen daily Berlingske Tidende reported on April 28, that the recently released figures for real estate sales for the first quarter of 2007, compared with the prices of just three months earlier, show a fall in the prices of apartments in the Danish capital of between 4.4 and 12.1 percent. Worst hit are new apartments being built in the South East of Copenhagen, which in three months have seen falling prices of 12.1 percent (equivalent to a yearly fall of 40 percent).
I was on holiday in brazil and met a couple of birds from copenhagen (absolute stinkers but I was in the amazon so competition was low) they were totally convinced that copenhagen would never pull back even though prices sounded even worse than the uk. Just cos you don't want it to happen does'nt mean it wont!
I Just Checked On Rightmove And............
in House prices and the economy
Posted
much better bet was to buy BP at 530. But thats too easy..... lets buy a BTL. I really do despair of how stupid people are