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House Price Crash Forum

peakoil

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About peakoil

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    HPC Poster
  1. If the CEO of British telecom tells his parents to keep their shares in BT for another year then WE should listen. If the parents of the man who makes Mervin dance says hold the house then I'm afraid we are buggered for another year at least. Sorry, but I think he knows what the future holds for printing and thus nominal values.
  2. These things look like they come from smart people, but only a townie would spell sowed as sewed. The seeds never germinate if they are sewed.
  3. Look at history timeline. We lived roughly the same way for thousands of years. The patent laws in the uk coincide with the industrial revolution. Do you think it is a coincidence or the ability to make a living from inventing amazing things without having to have a marketing team and a desire to sell things. Most creative thinkers don't want to sell things or make as many looms a they can and sell them before the guy down the road reverse engineers it. Intellectual property put the Internet in front of you, powered by electricity which Benjamin franklin had a little bit to do with, paid for by other inventions he'd made (I understand he didn't invent electricity but he worked hard on capacitance and wanted a financial return. ) anyhow, I just wanted a quick rant at you as I find anarchists are the first people to call the police if you smash their faces in with an iron bar, which is exactly what they advocate. You (only through ignorance) want to live in the middle ages. Sorry to rant. Rant over.
  4. I used sat broadband for a couple of years and the latency is the killer. It had about 5mb download but every single request takes 2 seconds at least to get a response. That doesn't sound bad but every image on a page is separate request. The modems are a bit clever and download everything they can at once and some sites are serving gzipped sites but generally I would say only use if you really really have to. If asked over a beer I would simply reply that it's s#it
  5. I've found some very interesting things out from this site. I sold to rent in 2008, invested in gold and silver and have now bought back in with a very significant gain. Just recently someone posted that nationwide had dropped their rates and I had yet to complete - as such I called Nationwide and changed my 4.39% 5 year fixed to a 3.89% five year fixed for a £99 fee. That will save me £10k over 5 years - well worth visiting housepricecrash.co.uk I guess with the gold / silver advice from hpc and zerohedge, plus selling to rent I would say that visiting this site (and zero hedge) has probably made me / saved me around £250k Why the hell wouldn't I visit!!!! oh, I did lose 20k on a GBP / CAD trade in amongst all that, so call it £230k - but you get this idea. I've been informed and USED that information to my advantage. I'm sure not a troll though - 'cos despite me jumping back on the property market - I would still expect a very significant leg down soon, and I am an uber bear about banks liquidity / capital reserves and ability to stay afloat at high speed. The ONE thing that MIGHT work in my favour is that the gov do appear to be going down the inflation route... and as long as I can pay for it, my mortgage would look a whole lot nicer with 5 years of 10% inflation. Good luck everyone, I hope everything works out well for all of you (including right_freds_dead who thinks I'm far too rich to exist - which I'm not, and I do).
  6. Well, a 4000 sq ft slave box with 6 acres. But yeah. Basically. Sorry!
  7. Or because our state education system is a disgrace and they wanted to give their children the best education. No point expecting the state to provide it. Unfortunately the state school is full of the spawn of the local tattoo parlours clientele and your children will be held back by them and or stabbed inthe state school system.
  8. Bernanke can't have inflation running rife when he wants to action qe3. He needs deflation so he can fight it. I see engineered deflation everywhere and this is a deflation move. Watch for qe3 under a new name in a month or so.
  9. Nationwide 5 yr fixed. We are at 50%ltv not sure what you need for the deal but it's probably 75 or 80%
  10. What was the price like? I've just had my offer accepted on a place and I have been waiting 3 years in rented to find perfect house. Came on for a lot less than I would have paid for it so I offered 5k under to the owner who showed me round and he shook on it there and then. Was on Market 1 day and I was first to view. Vendor priced realistically. My wife can barely believe it as I am normally offering 20-30% under asking. Survey tomorrow fingers crossed for mortgage! 4.39% fixed 5 years. Best house I've seen come on the Market around here in five years and they priced it to sell. I'm still looking for the catch!
  11. Just my two Penneth worth... Did you know you can reduce the term of your mortgage to overpay by more than the contractual amount? I was allowed to pay off 5% per year, but reduced my term to 4 years and paid off super quick with no penalty.
  12. Thanks. Lot of work in there and appreciate your taking the time to post. Great reading. Cheered me up on a gloomy sun afternoon
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