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House Price Crash Forum


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About fexx

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    HPC Poster
  1. Do you seriously expect me to believe that just because the UK uses pieces of paper which have no inherent value whatsoever and its monetary system is on the brink of collapse, that might be wise to purchase a small amount of a globally recognised commodity as insurance? I suggest that you are hugely lacking in arrogance. Just because every other similar system in history has failed, and the UK is highly likely to follow, doesn't mean that you shouldn't completely ignore our current situation. To remedy this, may I suggest you try to ignore the dull factual based information, and rather con
  2. I can't see what all the fuss is about with gold. If I lived on some remote island where the natives had their own system of money (feathers, paper, sticks, etc) then history clearly demonstrates what becomes of these systems. In this case, it would be wise to own gold (it has been used as money for thousands of years and still is today), particularly if there was only enough land to feed a fraction of that island's population. But I live in the UK, so how is that relevant?
  3. Aaah, The British Potato Council, of course. Most people can't see the upside potential, but potatoes are not just food, they have a myriad of uses. They can be hollowed out to make shoes and earmuffs and the peelings can be stitched together to make clothing. They are also excellent companions, and extremely good listeners.
  4. A number of ways; 1. Cash buyer - obviously no problem here 2. Large deposit - great - see above plus mortage, which would be; 3. Fixed rate mortage - even better!! "Fixed rate mortgage payments became laughably easy to make as inflation shot up to 800% a year" (http://www.ohav.org/travel/experience/inflation.html) 4. Variable rate mortgage - would most likely lagging behind hyperinflation as rates shoot into oblivion, so easier to pay off. 5. Interest Only mortgage - as above but would make original house price at end of term literally peanuts to pay off.
  5. No problem. When a loaf of bread costs one quadrillion pounds, he'll have bought a house for crumbs!
  6. You seem to have a clear understanding of the risks, so if you can cope with IR 10%+, property prices falling 50-60% peak to trough and would still be happy with the purchase, then why not? If you a happy with paying the amount that you've agreed in return for something that you want, then I can't see a problem. As long as you go into this with your eyes open, as you seem to have, then the price you paid for the property or negative equity shouldn't even be a consideration. What is this worth to you is all you need to ask? ..and if we end up with hyperinflation, then you might even be glad
  7. Interesting to see this is only a "property slowdown" to half of it's previous value. Wonder how much it will lose in a crash? Yes, the fruit and veg market. Although it has to be cheap so that property 'investors' can still afford to eat.
  8. Down £1400 a couple of weeks! Reckon I could lose 15-20% a year at this rate. (Still a bit miffed though, could have done much worse if they'd only let me use my 'strategy') Now have to work out what to do with my losings...
  9. Those who don't learn from history are doomed to repeat it - when will people realise that voting for somebody with a funny little black moustache to run their country is never a good idea?
  10. Blimey, you've got some time on your hands/you're at work..
  11. Funny that, was just talking about my wifes work. In one team, there were a load of lads that did a 'fantasy football league' and two girls that had no interest in football. After numerous barter, the lads let the two girls join in their league, mainly to laugh at them as they knew nothing about football. End result? The girls beat them hands down! Why? The girls had researched it and built their fantasy teams objectively, whereas the lads had all players from teams that they supported in their fantasy teams, ie VI. Like all of the bears here, and all the bulls on singing pig.
  12. Thanks for replying!! Didn't think of that, I suppose it could, but why didn't they print the actual percentages, rather than all the weird doublespeak??
  13. I've just registered & started to build my properdee portfolio (called 'Titanic' cause I expect the losses to be massive) I devised a fantastic strategy - only buying flats in Leeds & Nottingham. I got the first two & it now says "No more available properties" ??? How is an amateur BTLer like me supposed to help the banks make massive losses if they will only let me have two overpriced flats? Must be the supply/demand thing they're always talking about...
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