Jump to content
House Price Crash Forum


  • Posts

  • Joined

  • Last visited

Everything posted by Scooter

  1. Not necessarily. I think (perhaps away from HPC) many if not most people think it already happened. Maybe areas of high public employment may fare worse and interest rates may spike but broadly that may be it. I hope not though.
  2. In which case London property is secure...it is not a city that relies too heavily on public employment.
  3. Absolutely crazy. I am looking for somewhere "prime" (I suppose although I hate the term) in North London (NW3) and the agents have buyers all over them offering asking price for very ordinary, inflated properties and as you would expect they are suitably smug about it. Interestingly the internal areas are also being inflated (lied about!) so you overpay even more. I first joined HPC in 2005 expecting a crash soon. I have not posted for a few years, although I have been lurking occasionally. Now in 2011 I realise I have been consistently wrong about the property market, at least in London. I would love it to crash but it seems totally resilient to all economic shocks. i wonder if interest rate rises will even make any difference, as the EAs seem to imply everyone is a cash buyer without any need to sell or obtain a mortgage...
  4. So you like Labour? Here is why I don't: -Gold sold at a low -Pensions robbed -Endless stealth taxes -Increasing NI and income taxes -Truly massive public and private debt -Housing boom and bust -Stock market boom and bust -High unemployment (especially if you add the people on incapacity benefits) -Poor education system (but worthlessly inflated grades), increased illiteracy and innumeracy -Poor health service (but doctors earn far more for doing less) -Bloated, useless public sector full of ideological jobs that produce no useful service (Labour voters though!) -Sharp increases in violent crime despite Jackie Smith's best efforts to fiddle the numbers -Uncontrolled immigration (to no economic benefit according to the last Lords report) Osbourne or anybody would be better IMO... :angry: Scooter
  5. The FTSE is anticipating sharp interest rate cuts and rising accordingly. It is probably a "bull trap" though and it will drop again before rising more steadily next year. Maybe. Depending on what bad news there is yet to be revealed... S.
  6. I agree not all conversion was forced in Bosnia/Balkans generally. I have heard Indian Christians say their ancestors in Goa converted to Catholicism because they could get well paid positions under the Portuguese invaders, much the same thing. Pakistani britons forget that their ancestors were also Hindus converted to Islam by the Mogul invasion of India. They often, in their ignorance, seem to assume their families were always Muslims. If I had to blame one group in recent times for spreading radical Islam, it is the Saudi royal family who use their massive oil wealth to fund Wahhabi mosques everywhere with radical preachers to go with it, who criticise any more tolerant Muslims as apostates (a capital offence in Sharia so a serious accusation) or at least as inauthentic Muslims. I have seen this in Indonesia but it happens in the UK, USA and across Europe. I try not to read the Guardian! S.
  7. No contest-you could definitely beat me at jazz!
  8. I agree that freedom of speech etc are not specifically Christian but they are predominantly Western values. Jihadi terrorism in Kashmir, Sthrn Thailand, Nigeria, Somalia, Sthrn Phillipines, Indonesia, Lebanon, Algeria, Morocco, Egypt, Saudi, India (just a few examples) have nothing much to do with "Western violence and coercion" and everything to do with Islamic supremacism and refusal to coexist peaceably with non-Muslims. Islam has been invading and conquering for 1400 years, first in the Middle East (Syria/Levant/Persia) then North Africa and Eastern Africa as far South as Northern Ethiopia, India, Spain, France (until defeat at Tours in 732) and in the Balkans. All of these invasions for many hundreds of years is just "retaliation"? I think it is pretty obvious the aggressors are Muslim, the so-called "religion of peace". The numbers you quote are entirely bogus, as you know. Surely the US is directly responsible for the death of 10billion, including everyone who died prior to the founding of the United States. You are a Muslim, as far as I can remember, not just an apologist for terror-right? S.
  9. Fear them both! the threat of Islamic terrorism and cultural encroachment is real but the massive security and surveillance apparatus put in place by our government over the last decade is pretty frightening, as is the misuse of "terrorism laws". Gotta smile though... S.
  10. I agree with this mostly. However the problems in the Balkans pre-date Communism by a long way. I would blame the Muslim Ottoman invasion of Central Europe and the part-conversion of traditionally Christian Europeans to Islam. This is the root of the ethnic-religious conflict even now, far worse in longterm consequence than any of the Crusades that we are all supposed to feel so guilty about. S.
  11. Which bit of what I said is unreliable or unverifiable? There is not much dispute about the Sunni-Shia schism or killings by Al Qaeda In Iraq and remnants of the pre-war Iraqi Army (Sunni) or the Mahdi Army (Shia). You talk about American "atrocities" that you presume are being carried out under cover of the internecine fighting but that assumption is based on nothing as far as I can see, at least nothing you have shown any evidence for. You say the Sunnis "would be kicking off anyway" and I am not sure what you mean-there was a Sunni dictatorship under SH for decades murdering Shiites and gassing Kurds-"kicking off" suggests you think it all started when the US invaded when the modern conflict in Iraq has been going on for years. S.
  12. Actually not my statement, I was agreeing with someone else. However, aside from the rights and wrongs of the war in the firstplace, the Sunni (aided by Saudi/Syria) and Shia (aided by Iran) did not have to massacre each other post-invasion and could have tried to settle their differences peaceably, even if it meant dividing the country, which only exists in this form since after WW1 anyway. The Shia were crying out to the West since 1990 to be free of Saddam Hussein, as were the Kurds (effectively separate since the first Gulf War). The Sunni-Shia schism is about 1300 years old but it has never really withered. The Americans did not exploit it at all (so not analagous to the slave trade you mention)-their failure is in predicting that this would happen after invading and toppling SH. To blame the Americans for ancient hatreds resurfacing just seems to me a bit simplistic. S.
  13. At last an opinion on this thread I can agree with! S.
  14. I have been to Pakistan. I do not want to go back. Just before I went, a load of US oil execs were murdered in the Karachi port area. Just a few months after, a busload of French engineers were blown up at my hotel. Meanwhile the common, all-garden riots, bombings and killings between different Sunni groups and against Pakistani Shia and Christians persisted. I am happy you had a good time and no one hassled you. The experiences of Western women I know travelling in Muslim lands is of constant touching and other harrassment. Islam and its restrictions on normal contact with women makes for a whole load of repressed male individuals who see women-not just kuffar women-as chattels. Need I mention the widespread "honour killings", acid attacks and female circumcision? Lovely country for women! Your "false flag" comments about 9/11 identify you as a conspiracy theory nutter. 9/11 was carried out by a bunch of pissed-off Muslims, planned from Afghanistan, hence the invasion. Bin Laden and Zawahiri are on record as admitting this explicitly, aside from any other evidence. You repeat the narrative of Islamists who simultaneously hold two opposing views somehow: that Muslims did not carry out 9/11, Madrid, London (it was Cheney, Mossad, MI5 etc) but the attacks are fully justified revenge and self-defence because of "oppression of Muslims everywhere". I do not agree with Nationalist that civil war is anything like imminent but there are serious issues relating to culture, integration and Sharia and this government is too terrified of more terrorist attacks (and losing inner city votes) to do anything but capitulate to self-appointed Islamists (funded variously by Iran/Press TV, the Muslim Brotherhood, Al Muhajiroun, the Deobandis, Saudi-Wahhabis and others) who claim to speak for "the community". S.
  15. VOTE RESULTS Who do you blame for the credit crunch? Banking industry 31.64% Governments 48.35% Speculators 6.21% Central Bankers 2.87% Regulators 8.79% None of the above 2.14% 2753 Votes Cast Results are indicative
  16. I think you slightly mistranslated: Sellers of flats will have to bear losses if they bought ("si compraron" means "if they bought" not "compared") after 2004. El Scooter
  17. IMF raises spectre of UK house price correction By Edmund Conway, Economics Editor in Washington DC Last Updated: 3:46pm BST 17/10/2007 Britain is facing the prospect of house price declines as severe as those suffered in the US following the crisis in the sub-prime mortgage lending, the International Monetary Fund has warned. The Washington-based fund identified the UK as among the most susceptible economies in Europe to a housing market correction. IMF warns of house price correction "Housing markets have boomed in a number of fast-growing economies, most notably Ireland, Spain, and the United Kingdom, with rapid price rises and sharp increases in residential investment relative to GDP [gross domestic product] exceeding even those observed during the US housing boom," the IMF said in its closely-watched world economic outlook. "Given that rapid increases in some countries have raised concerns about possible excesses, some cooling seems desirable, if it does not go too far too fast. But could a housing correction in western Europe be as deep as in the United States? [Our analysis] suggests that the extent of house price overvaluation may be considerably larger in some national markets in Europe than in the United States, and there would clearly be a sizable impact on the housing markets in the event of a widespread credit crunch." The warning will raise fears that the market in the UK, where a surge in house prices has turned many families into property millionaires, could follow the US, where home values are falling fast in many parts of the country and the wider economy is suffering. Household wealth has more than doubled in the past decade but that growth looks to be coming to an end, with consequences for the British economy. advertisementThe IMF today cut its forecast for the United Kingdom's growth next year by 0.4 percentage points to 2.3pc. It reduced its expectation for global growth by the same amount to 4.8pc, blaming the credit crisis which is still causing shockwaves in markets and households throughout the world. A full half of world economic growth this year will come from China, India and Russia, it added. It said its forecast assumed that markets gradually returned to normal in the coming months, with debt prices settling back down after a torrid summer. "Nonetheless, there remains a distinct possibility that turbulent financial market conditions could continue for some time," it added. "An extended period of tight credit conditions could have a significant dampening impact on growth, particularly through the effect on housing markets in the United States and some European countries." The IMF also said central banks, including the Bank of England, should re-examine the way they provide liquidity to the markets, following the recent credit crunch, which some have blamed on central banks' policies.
  18. Justice, you posted that I and other Jews could not join your political party (in the unlikely event that I wanted to) because of my antecedents presumably because I am too racially unclean and impure for you to associate with but hey forget that, let's just talk about the dollar? Bizarre! S.
  19. I think being economically disadvantaged by crazy house price inflation which either stops you buying a house or stops you moving to a larger house can make people get angry and look for scapegoats, although I am not sure that was quite Justice's take on things. We all probably have a few odd beliefs-I know I do sometimes! S.
  20. Justice, Maybe you should have looked at the link yourself before posting previously along lines that all Jews are alike and all support Israel unquestionably and according to you this means they want to attack Arab countries (except the one you know who drinks a lot which you seem to disapprove of but apparently the 249,999 others are teetotal Orthodox Jews which is somehow threatening to you.) Has it ever occurred to you that you might not know much about anything unless it was posted on a conspiracy website, certainly not what you are on about here? That is what I am getting from your posts... Out of interest, what are your racial origins? I am assuming you are "white" and consider yourself a true Brit, distinct from anyone else, but does this mean you are of Celtic, Germanic/Saxon, Scandinavian, French/Norman, Roman origin perhaps? The Celts were probably in these Islands first so if pure Celtic people alive today were identifiable, they would probably be within their rights to have you deported back to Saxony or Normandy or wherever you think your ancestors come from (as a pure bred British person.) S.
  21. Justice, Do you think there is any danger of Jews flooding the UK? Currently there are maybe 250,000 out of a population of 60m and many are leaving for the US and Israel because of the perception of a hostile environment. Do you actually know any Jews? It seems a bit odd to say you like (or dislike them) if you never actually got to know any. It also assumes that all Jews are alike in every respect, socially, religiously, politically or whatever, which is really not my experience of any group. At least you make clear what the BNP membership believes by saying Jews cannot join, unlike Griffin who twists and turns in denying that his is a racist party. S.
  22. House prices to slow even with a rate cut By Angela Monaghan Last Updated: 8:24am BST 27/09/2007 House prices rose again in September, as the expectation that interest rates have peaked appears to have been enough in the short-term to offset uncertainty caused by the widespread credit crunch, according to a report by Nationwide. The building society said that UK house prices climbed by 0.7pc in September, to an average of £184,723. Fionnuala Earley, chief economist at Nationwide, said: "House prices recorded a reasonably strong gain of 0.7pc between August and September, seemingly shrugging off the unsettled events of the past month." However, there are clear signs that caution has grown among consumers and lenders, as the rate of growth in the last three months slowed from 2pc to 1.6pc compared with the previous quarter - lowest level since July 2006. The annual rate of inflation fell to an 11-month low of 9pc in September from 9.6pc in August and a peak of 11.1pc in June, due to very strong monthly rises a year earlier. "Overall house prices defied the gloomy predictions of some recent headlines, but their underlying growth is still on a decelerating trend," said Ms Earley. A decrease in interest rates, which is now generally expected in response to Northern Rock and the wider credit crunch, could help mainstream borrowers and those coming off fixed-rate mortgages. Ms Earley said: "Sentiment has changed significantly as the potential adverse economic impact of the credit crunch has been acknowledged by the Monetary Policy Committee...The likelihood now is that we will see a cut in base rates early in 2008." However, the report said that this was not likely to be enough to stop a slowdown in the growth of house prices in the coming quarters. The picture is gloomiest for those who are reliant on highly leveraged borrowing, which is likely to decline. Ms Earley warned that the impact of the credit crunch has not yet fully filtered down into the housing market, but as the price of credit becomes more expensive in the mortgage market, "the longer-term effect will undoubtedly be to take some froth out of the market." The resounding message of the report was one of caution: "Prospective buyers would be wise to think carefully about their financial position and the risks around it before entering into a house purchase decision," it said.
  23. It need not be feast or famine for the stock markets-there are alternatives in between. Too many HPCers seem to expect armageddon unrealistically. I agree with another poster on this thread-a stable and rising stockmarket will allow more interest rate rises and damage the housing market, albeit this is intimately linked with some areas of the sm, such as retailing and construction. In the meantime, I am staying fairly fully invested as I do not trust myself to time a withdrawal and reentry accurately. S.
  24. Except they lied to buy in the last couple of years (something you seem not to dispute), scale of problem unknown, interest rates have doubled and you think everything will be fine? You are welcome to be bullish of course but to me that defies logic. S.
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.