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House Price Crash Forum

asherpat

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About asherpat

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  1. You try to justify the Patent system very simplistically here, and so it is very simple to rebuff it. Your logic is that without the Patent system, there is not "first mover" advantage at all, so no one will make the first move. Yout premise is wrong. Assume that there is NO patent protection at all, an inventor of a medicine will be the first one on the market for as long as he can keep the secret to its manufacturing, moreover, your argument is wrong especially in the caase of medicines that take years to get approved - imagine that an inventor has approved the medicine - how many years it will be until a copycat competitor is allowed on the market (the mandatory approval system is another issue though - but still ieven without the huge delay and costs for a copycat in this case, there will still be advantage for a true inventor. furthermore, your argumetnation implies that without the protection of the Patent System, there wud be no innovation but we know that the most of the true inventions (not the idiotic 300 pages patent submissions of today) of the industrial era were made without any Patent System. Indeed, an apparent "good idea", the Patent System is proving a complete a&& and it stifles, rather than enhances innovation, cos once a patent has been granted, the holder is AGAINST any innovation in the field and he himself will have NO incentive to innovate further.
  2. At the end all I managed was to puch the landlord down by 8% from what I pay today. The point is that this is just the beginning. When the &^!£ will really hit the fan (dont know exactly when, but it shud happen and soon), then the precedent has been set, and I think I will be able to push it down by 25-30%. But who knows? With high inflation, it may not be easy to reduce the NOMINAL rent. Thanks to all the contributed.
  3. Hi, I guess that your conclusion is that due to the above arguments, the property market is arisk free investment andn is bound to go only up. Let's examine your conclusion logically: 1. It (the conclusion) excludes the eventuality of a fall in prices, which has happened not once, so already, the conclusion is refuted; 2. Let's examine the other arguments above, I numbered them for sake of convenience. - Argument 1 ("Overcrowded island") is not a proof of "dinamically always rising" prices, only that "statically", the prices shud be HIGHER than otherwise - but they already are! - Argument 2: this is a naive statement, it can not be proven or veirified, it is related to Argument 5, which is easier to show its naivetee - there is no "shortage" of housing, there are no people living on streets while willing to pay the Market rate. Argument 3: Population was always growing (see refutation of Argument 1 above), but not in rates that shud overwhelm dwelling supply Argument 4: the immigants in question are already LIVING here, so what NEW demand this will bring? And what about the ABILITY of such demand, isnt it that llegal immigrants are usually not wealthy? So all in all, your arguments are similar to the usual market cheerleaders' nonense the ridicule nature of which made me sell my property relatively close to the peak. Pls no offence there, I do not mean to be nasty, just logical.
  4. From above replies I see only small falls mentioned (10% or so). How is it, on the background of much larger falls in the prices of the properties (to buy)? Also, does anyone know good analytical article(s) to discuss the implications of the financial crisis on the rental market? I dont want to read charlatanic idiots with arguments that dont stand the test of logic such as "people buy less, so rents are/will go up". Anyone?
  5. Hi all, this is my first post here. I am renting since 2006 when i sold my semi and went renting cos it was (and still is) much cheaper (even if the missus whines that she wants "our own" home). BTW, all the proceeds of sale are in inlfation linked gilts to protect against the highly likely massive (when I say massive, i mean double digits, and not "teens", mark my words) inflation, but that is another discussion. Anyway, here I am, living in a house that I can not afford to buy, but perhaps can make it even lower rent, with my renewal scheduled for October-09. Will appreciate your advice, experience, e.g.,: 1. how much (if at all), the rents have gone down since, say, 12 months ago, especially in North London; 2. when's the best season to hunt for a rented house (i.e., perhaps I shud start hunting for alternatives now?); and 3. any practical tips tips on how to manage the negotiations v the landlord. Thanks in advance.
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