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House Price Crash Forum


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About EMac

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  1. I guess there’s not much info about how long it could last because there are so many variables and not many have tried/studied the subject in depth. I would guess you could extend the life out to a few years in ideal conditions but if you did that you’d probably want to keep an eye on its integrity and clarity every so often. As long as you filter out the ‘bits’ that may form I think you can still make use of it but it might not give the power that fresh diesel would. For cleaning I’ve just used water so as not to leave any residue of anything in there (obviously let it dry thoroughly) but petrol might be ok too. The difficult bit is getting in there to scrub any stubborn deposits off - I had a thought that maybe a jet wash on low power would do the trick but prepare to get wet from the blow back!
  2. Ive kept diesel in Jerry cans for over a year and I wouldn’t recommend it unless stabiliser / anti-fungal has been added. Believe it or not stuff actually grows in standing diesel and you end up with a brown sludge at the bottom. If you can filter what’s in the cans then it’s fine to use in the car, mixing it with fresh diesel. If you just pour it straight in and it contains sludge then it could clog your fuel filter or at the very least lessen its life. Also, after you empty the cans you’ll probably need to clean them if they have been standing for a while. The gunk tends to stick to the bottom. Max I’d keep untreated diesel for is about 6 months and even then keep an eye out for gunk when you use it and clean the cans after.
  3. No but it's an ISA so is by definition tax free to access the money after you reach the required conditions such as being over 60 but yes, purchasing a property with it (provided you meet the conditions of a first time buyer) then selling up would essentially give you access to the funds early without penalty, I think that is within the rules though a bit cheeky.
  4. It's a similar story at the BoE. They see no bubble because they base affordability on the monthly payments rather than the astonishing headline prices.
  5. Also, even if, as most of us agree, the report is no good to man or beast as a prediction of future price moves what they also fail to grasp is that there is usually a swing from overvalued to undervalued in these kind of calculations. The trend doesn't just bounce above the "fair value" line as there is a balance to be had so even if the recent extremely overvalued peak to fair value fall were correct you would expect a similar dip into undervalued territory.
  6. If thier definition of "undervalued" was comparing to 9 years in the future then you would have a point but I'd argue that it's supposed to predict more short term than that and in the case of 2007 it's way out so thewig's point stands imo.
  7. Over 85k I'd agree but with everything there is risk, no asset is 100% safe and yes it's a good idea to diversify - hold some gold, have some amount of cash outside of banks. I have the mindset that if the banks go down without chance of compensation then there will be bigger problems to deal with like how to survive complete societal collapse. Cheery thought!
  8. They have done everything conceivable to achieve this short of actual confiscation. They have made saving almost pointless in this society. If they go further towards confiscation what do you think will happen? The bedrock of the economy is trust and confidence. If you shake these then the whole thing comes tumbling down. Saving is an essential part of a healthy economy (I'm talking about for your average person not rich oligarchs hoarding cash and assets with umpteen off-shore tax havens) and if you destroy this then the rest will follow.
  9. Not completely true - I'm sure everyone expected the base rate to stay the same
  10. That was the consensus here when all this htb was announced and I still think it stands. I can't see the market clinging on with its fingernails all the way until the election.
  11. I think it's gone too far now to be anything other than number 5. They have done everything possible to delay the correction, ultimately allowing massive mal-investment throughout the economy, not least in real estate. I just don't see how this can unwind in even a semi-controlled way. We're looking at a global event - how and when this will occur isn't clear but i believe when the elites are backed into a corner their answer is war. That's my cheery thought for the day
  12. Someone else tried to pay with these for their Tesco fuel and got nowhere initially (police called!) but Tesco have since relented and now say they will accept them. Make sure to take a copy of this article to show the uninformed cashier http://www.dailymail.co.uk/news/article-2594273/Tesco-staff-banned-customer-paying-bill-commemorative-20-coins-called-POLICE-didnt-cash.html Personally I'd rather keep mine - better than numbers in a bank account or bits of paper.
  13. http://bitcoinity.org/markets/mtgox/USD Show the 2 year to see the graph perfectly match our favourite bubble life cycle diagram. The question is will it recover after this or has confidence been damaged too much? As for house prices, the pattern is very similar but on a much longer timeframe. I'm sure that we all hope it starts the downward phase soon.
  14. Borrow-to-let would be more accurate. But then I guess you'd have to re-phrases the term "homeowner" to mortgage-holder too
  15. Personally I think so. I remember a topic a fair while ago (maybe 2010) about which phase of the bubble we were in. There was plenty of differing opinion but I thought that we were approaching return to normal then and close to entering the fear phase. With hindsight this was premature and what we're seeing today is a much stronger "return to normal" sentiment. We know that this is a recovery based on more debt, the house built on sand if you will, so one things is for sure: this is not a sustainable recovery.
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