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House Price Crash Forum

BlinkTooFast

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About BlinkTooFast

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    HPC Poster
  1. Find a no-win-no-fee lawyer and go for it. Whilst lawyers as a whole, especially the ambulance chasers, have a poor reputation, there actually are some genuinely nice ones out there that care about the client as much as or more than the fee.
  2. Any organised scheme along the lines of unit trusts or ETFs will incur a management charge that will erode your profits even if you gamble correcty (even to the point of you gambling correctly and still making a loss) You must think they will fall against something else. Buy that other thing. Leveraged if you like. May be thinking against GBP (but be careful - QE could upset your gamble). May be thinking against real terms, but you can't buy real terms. What you can buy is ETF corn, weat, hogs, cows, suga, cofe, coco, etc, or our old favourites phag and phau. You can lever currencies on the f
  3. Jobless rate down for the Olympics I would imagine, and may go back up soon after the Paralympics has ben cleared away.
  4. Apart from being a protected species, they reproduce too slowly to be a viable source of fuel.
  5. I saw this first hand recently. I applied for a mortgage here (USA) in April. Before approving it the bank contacted me to ask how much was in my 401K and whether it could be liquidised.
  6. Buying rental property would be low on my list. The yield if everything goes right is low, it is hard work, and you have risk of empty properties, delinquent payments of bad tenants, possibility of capital depreciation, and possibility of rising mortgage rates. There are a number of options that spring to mind Sell up, buy a cheap property in Florida and retire Sell up, buy a ludicrously cheap property in Detroit and retire (look at www.realtor.com - there are several hundred detached houses available for less than a thousand pounds) Remortgage and buy commodities. Personally I'd go for pr
  7. I think someone's just monkeying around, and it is a bit run-down. I'd rather buy off-plan. Link
  8. People in debt make risky employees. They make errors through stress or embezzle through tempatation. Clearly both Unite and the Government want all Unite members to be able to make ends meet. This is simply achieved by sacking 82% of government employees, which has the added benefit of accelerating the deficit reduction. The government looks good. Unite looks good. All remaining Unite members are happy. Sorted.
  9. (120% ^ 12) - 100% = 790% compound growth per year. Sounds reasonable to me
  10. Black and white photos hide a multitude of decorating sins. The outside is painted green, so for all we know, the inside is painted pink and orange.
  11. Reminds me of this. Nearly laughed my Fuwa off. Chinese solid gold Olympic mascots found getting rusty For patriotic fans of the 2008 Beijing Olympics, they were billed as the perfect purchase – limited edition versions of the games five mascots, crafted in "99.9 per cent" fine gold. But as gold prices soared in recent years hopes that that the golden mascots dolls might prove a good investment have turned to dismay after owners discovered that the commemorative 'golden' dolls were starting to rust. One angry customer told China's state broadcaster, China Central Television (CCTV) that he
  12. Feign disinterest for a while and ask a colleague to view it and make a lower offer and see what the vendor says to him/her. They'll either accept, meet half way between asking & offer, ignore, repeat 252, counter propose below 252 or counter propose above 252. Whichever way it goes you learn something. For a normal seller it would lower their morale, but in this case you are bargaining with a computer spreadsheet, which tend not to be emotional. And, of course, remember that there are plenty more houses out there for you. If you do end up buying at 252, unless tax brackets change or the
  13. The easiest way is just to look at them and decide whether or not they look ugly. And whether there's a 1980's Ford or Vauxhall in the neighbour's driveway and a sofa or washing machine in their garden. A St. George's cross in a bedroom window is another giveaway. A slightly less flippant sign is if multiple houses have identical upgrades e.g. matching replacement windows. Whether or not your decision is strictly correct is largely irrelevant - you still end up with the information that you want - whether the house is a munter and the profile of the neighbours.
  14. What does the phrase "A four-acre strip of land [...], just about made its reserve price of £100,000" even mean? Bidding went to <£100K, in which case it did not meet the reserve? Bidding went to >=£100k, in which case it did meet the reserve? There's no "just about" to it. In a maths exam, if I give an answer to a question, I expect to get it either right wrong. I have never seen a marked paper in a numerate subject that says "Well, that answer's just about right, so I'll award the mark anyway". If my grocery bill at Asda is £42.68 they're hardly going to let me walk out the door if
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