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House Price Crash Forum


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Everything posted by Montauk

  1. Bravo! I was quite surprised by the outcome; hoping for a Brexit, but not actually expecting one.
  2. Test.... Hi HPCers! There seems to be both inflation and some deflation going on here in the US.
  3. Oh, and by the way, I've just passed my sixth year anniversary on this board! Wow! Where does the time go? Thanks to everyone here for saving my financial #ss! I still remember "Time to Raise the Rents" (TTRTR). I'm still renting! But things are getting worse, so I don't think it's wise to buy now anyway.
  4. Test. It's been a while. In any case, estate prices here in NY have been descending, but not quickly. It sems to be a slow grind down, despite the headlines.
  5. in =on OK I'll go back to bed! Happy Easter! Hic!
  6. I owe about $1200 on a Citibank credit card. That's it. My highest was an 80K loan for a house, which I sold in 2005, and thank the Lord, too! Good timing for Long Island!
  7. Hi! I still don't dismiss Cgnao's (former?) position. After all these years, I thought the inflation/deflation debate would have been settled long ago by now. So now I'm roughly (75/25%) in fiat and Gold, respectively. This is what I call diversification.
  8. Thanks for the video link. It was very good. I wonder how the Icelandic stock market is doing? It would be interesting to see if it has gone up or down with the advent of inflation, devalued currency or what have you.
  9. Ya know, you guys is so open to bullsheet. There ain't no way commercial props are gonna weigh in at above 2007 prices for years! Put that in your pipe and smoke it! So now we gonna see anotha SECOND wave of defaults, big time. The big banks ah gonna take anotha BIG hit real soon. Enjoy goin down, ya know what I'm sayin?
  10. Yes, I'm one of those. I have a unique strategy: buy high and sell low.
  11. Here's a suggestion: Take your 25K in investments and add it to the down payment. That will give you a 60K mortgage. Take out a 30-40 year fixed mortgage with no pre-payment penalties (important!), your monthly nut will be lower in the case of under employment. Then take the extra savings and plow it back into prepaying the mortgage in a few short years. Presto! In 8 or 9 years, you will be free and clear.
  12. There is a direct connexion between the physical and the collective agregate awareness. Just as tides ebb and flow, so does the entirety of human awareness. What I'm saying is that homeostasis is the eventual result of all imbalances, as seen inthe correction of excesses. Perhaps I've had a few too many libations and it's time to go meditate. In any case, it's clear to me that the physical world is merely a manifestation of the trascendental intelligence, or the intelligence of the universe, if you willl. BTW, always love your posts. Very refreshing.
  13. Yes, but timing is everything. Why pay more? My guess is that it's better to buy other things now such as some gold, some silver, some commodities and good company stocks after the next leg down, and then cash it all in to buy a house a rock bottom prices just before the hypeinflation kicks in. But what do I know? It's just my best guess, but I've certainly been wrong before!
  14. Yes, I agree. The freedom of renting is an especially sweet position to be in at present. I will buy something if prices go significantly below renting costs, however, as I did in the mid 90's. It was if someone paid me $1000 per month to live in a house for 12 years and then wrote me a cheque for $170K to move out when the house fell into complete disrepair needing a new roof, windows, landscaping, electric, plumbing, and more! Best thing I've ever done! Now I live in a much better house in a much better neighborhood with cash, gold and silver in the bank. What's more, I'm completely debt free! (And no mortgage!) Thanks for your post!
  15. Buyers should also stay put. It's the classic standoff before the fall in prices. The pattern is set in stone. Look around.
  16. Wasn't that cool? He said to read what the founding fathers said. Something that the nanny state British never do. OK, I'll give up the right to defend myself, OK I'll give up the right to my privacy, OK, I'll give up the right to pay for my own health...et.al. Pathetic, really. If the Germans, or whoever, get grouchy again, we ain't bailing your asses out this time. Good luck with that. Get some f*cking guns yourselves and protect your bloody selves for once, you high falutin extremely well spoken pansies.
  17. It's a good time to buy! That way you will lose less money than those who bought at the top!
  18. But the savers get punished by the banks going belly up. Who wants to wait for government guarantees?
  19. He really deserves the death penalty. He's ruined so many lives. If he had any decency at all, which of course he doesn't, he would off himself. He has no honor at all. If I were him, I'd rather be dead. But, no, he whines about having to be under house arrest in his elegant flat in NYC. These people really need to be taught a lesson. Meanwhile we scrimp and save and deny ourselves and our children a decent home, good food and many other things, while rats like him run around unpunished. Really, it's a horrible injustice.
  20. I'm sorry, my dear uninformed friend. go here to find out how: http://www.timebomb2000.com Perhaps this will help a bit. I'm a little skeptical myself, but you never know. May God bless you and yours.
  21. So really, where is one to go? Suggestions?
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