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House Price Crash Forum


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Everything posted by 24gray24

  1. If you buy the payments may go up with inflation. But the purchase price has been fixed. Vs If you rent , the rents will definitely go up. Also: the wife will take the house. Vs The care home wI'll take the house Or House prices will fall Vs Savings will be reduced by inflation.
  2. Where's inflation going? That's the question. (I have trouble believing the government will raise interest rates until they're forced to, myself. )
  3. The scale of the bubble is far bigger than 2008. So the assumption the downturn will be about the same as 2008 seems a bit optimistic. the 2008 downturn was arrested by extraordinary measures. They can't arrest the next one by those measures, they've already shot that bolt. There isn't the international co-operation to repeat it either. So imagine 2008 without government intervention. Multiplied by 2 or 3. That's the rough look for an everything bubble collapse. If it happens.
  4. That's on one side. Plus inflation on the other. So house prices, stocks all dropping at the same time as cost of living, everything in supermarket going up steadily.
  5. Regarding the inflation argument. (Say 20%. Not hyperinflation, just 1970's inflation) Saw an article saying people are missing the deflation going the other way. caused by printing less money in future undermining the everything bubble. (Worse if it pops spectacularly)
  6. Huge price rises , yes, but also Millions living on credit paycheck to paycheck. And empty shelves, like the Soviet union. And millions with no healthcare. And anti vaxxers by the tens of million. Must be dire...
  7. Very odd situation. Dire inflation already visible in commodities - diesel up 30% etc. Workers unavailable. Wages spiralling. Yet interest rates nearly zero. Prices not yet noticeably different. Prices are all going to kick off soon surely...
  8. Can't help feeling this partygate is just a storm in a teacup. And the more the self righteous moralists preach, the more I start to side with the Tories. By the time the election comes, there will be only one thing that matters: It's the economy. Partygate? Won't even figure.
  9. No one believes the bank of England is going to raise interests rates even 1%. No one. And yet they keep on trying to convince us they might with well publicised snippets. It's a debt trap innit. Mortgage prisoners can still sell. So they're not prisoners yet. It's all a lie.
  10. There are worse people in the world: people who are willing to shoot total strangers for money and who think they're entitled to a big fat pension at taxpayers expense at the end. Makes a poor grasp of science look like a trifling fault by comparison. We all know nothing is going to be done about climate change, don't we? So why get upset when some people believe big Corp propaganda because they don't want to pay for it. And other people are willing to shoot total strangers: so theyll be used in the scramble for declining resources. (Which could lead to ww3 and a bronze age collapse.) It's the future, isn't it? 65 feet of sea level rise, 2 billion people turned into refugees, and nothing much done to stop it. Isn't this just the reality of how history was made? We're all living through it.
  11. Isn't the ebb and flow on this site just mirroring the economy? When the economy is jogging on people tune out. And when crisis comes they tune back in.
  12. Thatcher restored the tradition of the permanently rich and the permanently poor.
  13. La la land doesn't go on forever. It just goes on till the rich have all their assets cashed out at inflated prices. Then the rug gets pulled. I suppose a proxy would be Berkshire hathaway's cash situation.
  14. Isn't it really empty shelves instead of inflation? Everything bubble has been replaced with everything unavailable. Bit like Soviet end times. The market was so rigged, there just wasn't anything to buy. So in theory cheap but in practice unavailable. Not really inflation except in raw materials like Steel and timber. Stuff is just disappearing.
  15. Come on, the central banks are stuck in a debt trap. Put up interest rates, and the economy implodes. Don't put up interest rates, and inflation explodes, then the (debt based) economy implodes.
  16. The money was leaving. It became really visible in 1980 when the machinery was just being auctioned and shipped to the far east. Fortunes were made while 3 million went onto the dole. I don't believe it wasn't planned earlier; no investment for so many years until england looked run down. Couldn't be chance. The money was leaving! It was socialism driving it, and workers striking, and management trying only to have a class system. The shareholders just ran it all down while they pursued better opportunities elsewhere.
  17. Both workers and management were to blame. Also government for ever higher taxes . If companies made any profit, the shareholders just pocketed it. There was no investment in machinery. I suspect money was already being siphoned towards countries with cheaper labour. It was the start of it. Factories here were just being run down then closed it turned out in the 80's. But it looked like that was pre planned in the 19 70's with everything left to run down and no investment.
  18. boris may go downhill faster than anyone imagines now. Levelling up is what people want. So the Tories pretend that's their mission. But they're the opposite really, rent seekers as you say. At some point people will switch again. But I'm not sure it will be to Labour.
  19. Oh well, you'll footle around declaring you've won the argument for another 5 years then. And voting labour.
  20. You're voting for union. Given your nationalist sympathies it's an offer you cannot refuse. But what I keep pointing out to you and what you keep ducking is: then what? You and I both know northern Ireland is a poisoned chalice. And we also both know the Tories are evil enough to land you with it. So your guess is a border poll will never happen and if it does all will be well? Mine is that the Tories are capable of calling one in the hope of passing the whole problem off to you. Are we that far apart really? Our views on the tory party are pretty much the same; and that's about all you need to draw the conclusion.
  21. They're not living like that. They're living their lives and telling the political classes to go right off. The bitter remainers are chasing their tails trying to make economic arguments, European arguments etc. Brexiters never hated Europe or business, so they're barking up the wrong tree. I might be wrong, and remember I'm only one voice, but I think Brexit is a warning shot against the status quo. People are fed up with it. And if the ptb don't take the hint, it will get more virulent.
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