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About brianc_li

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  1. Soul Reaver - As a fellow IT Contractor and a pretty successful one at that (in banking) that is a great story you have to tell. I take my hat off to you. You were indeed lucky but in many ways it has to be said that you made your own luck. In the mid to late nineties pretty well anyone who could spell the word internet could get a job in IT. So many 'specialists' came into the industry, most of whom were clueless. Including yourself as you readily admit. The vast majority of these were found out as the dot boom turned to bust. They went back to their jobs in call centers, etc. Where you were
  2. Getting rich with Commercial Real Estate Quite a thought provoking article. Lots of empty offices around already. Many will never be filled.
  3. It can't be a coincidence that this news is breaking on the same day as results of the revised bank stress tests are due to be published. I feel that a run on CAM, similar to that on Northern Rock, is on the cards. Even without one the news is worrying. CAM were in advanced merger discussions with three other cajas. These have fallen apart. I can only assume that the other cajas looked at Cam's books and shied away from the deal. This also leaves the government/BoS strategy of merging the smaller cajas into larger more sustainable businesses in disarray. Hold tight, it could be a bumpy ride
  4. Your forecast of doom is about as accurate as all the others that have been on here down the years. - Asian markets were slightly down but European ones and US futures are up. - North Korea have announced that they won't react to the South's war games. - No sniff of anything from wikileaks thus far. Those aside you're doing rather well.
  5. The big problem in Spain is private, rather than public, debt. Since the spectacular collapse of the property market, many companies both large and small are in deep trouble. Likewise many individuals overstretched themselves during the 'good times'.
  6. It depends on where you want to buy. Like all large countries Spains market falls into multiple sectors. General consensus is that, for investment purposes, Spain is a no go for at least five years. If it is a lifestyle purchase on the costas you are after then I'd say wait at least two years. Take a look at the forums here if you are really interested: http://www.spanishpropertyinsight.com/
  7. I looked at Brazil a few years ago and ruled it out after taking advice from my sister who lives there. The biggest problem is that you will have real problems taking any money you make out of the country. Whilst the laws, agents, etc. say that you can the practice is that it is very difficult. In my sisters case - she works for an Irish organisation and was buying a property from another one - they transferred the agreed money in Ireland to get round this.
  8. If you put things in a longer term context you can see that, whilst markets are well up from March lows, this is not a bubble. The BBC world index this morning was 88.6 (It started at 100 in Jan 2000). The noughties have thus actually been a poor decade for equity investment.
  9. One of the best analogies and summaries of the situation I have seen anywhere. Well done. Traditional press and media are in structural decline. What will remain in a generation, particularly print media, will be a fraction of what we currently know. News Corp are, frankly, clutching at straws with daft ideas such as this.
  10. Quite right. A simple search on the BBC news website shows they hardly ever mention Rightmove. Rightmove search results Paranoid is the word. Quite usual on here I´m afraid.
  11. On thing has mentioned is the very low interest rates at present. Many people think only in terms of ´how much do I have to pay per month´. That is all very well and good but once inflation starts to rear its head, as it most certainly will, and interest rates have to go up these people could well find themselves in trouble.
  12. That Sur in English article is ridiculous. The Spanish market is in he doldrums and any independent analysis indicates it will be for years to come. As always estimates vary but the most accurate index (Tinsa) indicates that prices have fallen 20% from their Dec 2007 peak. Nobody knows for sure when or where the market will bottom but 50% from peak in around two years time is not an unreasonable prediction.
  13. Asian markets close higher. European markets up 0.5%-1% Dow back up over 10k in morning trading. Good call
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