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House Price Crash Forum


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About chris25

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  1. chris25


    Brent at 115.26. It keeps going for higher, drops back for a few days then gets higher and higher. Supposedly spare capacity is low and a lot of the current shale oil requires a high price as EROEI is horrific. I expect it will reach a level at $120 even if things stabilize in Syria. Lets face it $120 is dangerous territory for the world economy, but it could become the new norm.
  2. I work in the motor sector and can confirm sales are well and truly booming at the moment, especially luxury cars. The reasons for this I believe are: - There are lots of foreigners who have bought a property in London who are looking to buy a car to go with it. Often these people are extremely dubious, however they pay cash and aren't fussy. Many are corrupt foreign oligarchs, banksters, royalty and fraudsters from all over the globe. - There are also a lot of 20 and 30 somethings still living at home, who are buying new and used cars. Most buy on lease deals. These people have probably given up saving for property and just think "what the hell I'll buy a new car" - As people have said the cost of new cars on lease is so cheap that it is almost cheaper than buying a banger and running it into the ground. Although a lot of bangers are still quite reliable, often tyres, batteries and exhausts will need replacing which can give you a hefty bill. Also a lot of bangers now are early 2000 cars, which is when electrics really started to kick off. So electronic faults can be rife and can cost a fortune to fix. - A lot of buy to let slumlords have never been better and can afford to splash out on the latest beemer. - Also the UK population is still growing by at least 250,000 people per annum, so sales will go up even if the percentage of population purchasing a car stays the same.
  3. chris25

    30 Year Treasuries Graph

    I find it truly remarkable how low they are. How in Gods name are they this low? I understand you have QE, government manipulation and smoke and mirrors but they've managed to maintain it for years and years. Perhaps you can defy gravity?
  4. http://www.guardian.co.uk/commentisfree/2013/jun/05/digital-economy-work-for-free Spot on. Are they finally starting to get it in the graundian, even if their beloved Labour get in power the cosy middle class liberal dream is over?
  5. chris25

    Massive Drop In Online Sales For Ebay, Amazon, Play

    Yes. Levi jeans are very good. Supposedly they were even better years ago when they were made in the UK and USA, but even the modern jeans are very good. In my experience they are well made, have far thicker cloth than any other pair of jean and are extremely hard-wearing and resistant to colour-loss.
  6. chris25

    Massive Drop In Online Sales For Ebay, Amazon, Play

    I bought a pair of new Levis off ebay a couple of years ago. They were about £45, I was told they were genuine. I put them on and they felt slightly baggy for the size, which I thought was strange, however I compared them to my Levis which I knew were genuine and they were identical. Every button, stich, label, I even googled "how to spot fake levis" and went through every criteria. It was only after 6 months to a year that the jeans started to disintegrate! The levi label on the back started to crumble and the jeans started to fall apart. Trust me. Never, ever buy Levis off Ebay. If they are £40 and brand new. They have either been a)stolen or are b)fakes
  7. chris25

    Max Kaiser Talks To Frankie Boyle About Housing,

    Max Kieser said there would be a major bond crisis before April 2013 and we'd all be living in the stone age. Sorry but Kieser is a fool. RT love him because he tears into this country. I agree what he says about the BOE, gold and the banks but the guy is so clearly anti-British. Frankie Boyle is a vile chippy Scottish socialist. I have no time for him.
  8. That photo has made me like Farage even more.
  9. chris25

    New Car Sales Up For 12Th Successive Month

    I know several people who work in the car industry and who are saying to me that sales are phenomenal at the moment. I don't understand it. Large scale unemployment. Inflation wiping out purchasing power. Job cuts everywhere. Yet record car sales and record share prices. It's all a bit 2007. A bit unbelievable. I know there are finance deals where any man and his dog can "buy" (rent) a new car. But as people said on here, often people on quite low salaries are forking out £400+ a month for a brand new car. £400 a month is a ridiculous amount of money!
  10. London will only crash when the markets do a U-turn and realise that this triple-A, safe-haven UK nonsense is a complete farce. UK has the one of the highest government deficits in the world, has the highest personal debt in the world and one of the highest foreign liability overall debts. It also has massive social and cultural problems. Look at the London Riots. Lots of ticking time bombs. When the markets turn on the UK, London property will collapse.
  11. So let me get this straight. They are going to build flats on a heavily contaminated, industrial wasteland, which is surrounded by four huge, giant chimneys which could fall over at any time, and will require rebuilding (costing hundreds of £millions) and subsequent maintenance (costing £millions) as they are protected by law. They have no idea about the structural stability of the site,it is highly likely water has ingressed into the masonry and damaged/corroded the internal framing (considering the roof has been off the site for a few decades). I am no structural engineer, but sounds like a can of worms to me. Can't they just leave it be? Why does every old building have to be converted into luxury flats for foreign gangsters or foreign warlords in this country? As it is, I find it an alluring remnant of old London. Call me strange, but it has a kind of magic about it.
  12. I used to be a peak oil doomer up until about 2008, after the oil bubble collapse. I do believe in peak oil but I think it will be an extremely gradual process considering there is literally billions of tonnes of tar sands. Fair enough EROEI will diminish year-after-year and the price will gradually increase (as it has done in real terms over the past 20 years) but there is still huge slack in the system. Considering sales of big SUV's and luxury cars are at an all time high we still have a long way to go. As oil goes up-and-up people will buy smaller and efficient cars, and generally consume less-and-less. It certainly won't be good for the economy, especially when combined with the sucidal economic policies The West has adopted over 40 years, and it will put us into lost decades and continous depression. As a result people will start to think differently about having children (especially once the child-benefit gravy train crashes, as government's default). So I am actually expecting a natural depopulation as the birth rate goes to negative, like it does in most countries stuck in economic depression).
  13. chris25

    Hs2 - A Very Big Lie

    The trouble with HS2 is: 1) It will undoubtedly be built entirely by foreign companies, with foreign workers, foreign track and signalling and foreign rolling stock. Nothing will benefit UK companies. 2) The final price will be at least double if not treble the estimated price 3) The tickets for the train will be totally unaffordable for the average person. In an ideal world HS2 would be a brilliant idea, but in modern Britain forget it. Invest the money in manufacturing. Jaguar Land Rover desperately need more investment for new models, the government should agree to a share investment deal with TATA. That would really benefit UK workers.
  14. I would much rather look over rolling fields rather than Barratt slave boxes. All that is needed in the country is to control immigration and the population will begin to shrink quite considerably. But bizarrely, the nutters in power and in Common Purpose, seem to think it is a brilliant idea to continue mass, virtually unchecked immigration at a population increase of 250k+ per year. Year after year after year. Until that problem is sorted things will get worse.
  15. Exactly. And the same thing is happening here. Openly state you believe in conservative values and you are treated like some sub-human vile piece of scum, especially amongst the brainwashed younger generations. People believe they are entitled to everything from the government. The concept of "self reliance" is non-existent. It terrifies me to think what these people will do, when TSHTF, and big government will leave them fending for themselves.

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