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About FalseProfit

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  1. not..... Weebl and Bob? http://www.youtube.com/watch?v=8sjiZC83dEE
  2. Ok. #1 - I apologise for being a lurker. However this is a refreshingly honest article and worth a comment. #2 - We STR in May 2008, £164K 2 bed house that we bought in late 2002, sold for £247K. We had a >£100K deposit so I figured we would rent for a year or two, make 7% on the savings until we found the eye of the perfect storm that we had rightly judged thus far - and then simply jump back on the ladder. We weren't in a rush, early 30's with two young kids - and I figured we had time to wait it out. I underestimated two things: - 1) How committed the government were to propping up th
  3. is still bothered by Alistair Darling's eyebrows

  4. Oh for those ancient paths. Totally agree... Less money spent on gadgets & trivia = more money and more free time, less electricity used, less junk into landfill (ignore a few million unemployed Chinese) More money and free time = happier families with savings, more sleep and less health problems (possibly thus more sex, more children, more demand for large houses) Happier families = less divorce (in most cases) Less divorce = fewer broken households Fewer broken households = less pressure on housing = more reasonable houseprices More reasonable houseprices = less pressure for
  5. You're not going to sell a house at £265K now... Whilst it was always competitive this move will really put pressure on anyone wanting to sell between £250-£300K, these ceilings have always had some small effect. Two options - if this generates enough volume it may bring down houses priced just over £250K which will have a knock on effect for more expensive properties , OR those people with houses in this price bracket will give up trying to sell which will further stagnate things. IMO it's a sneaky tool to help developers shift some unsold properties, but I'm not sure the rest of the market
  6. Where I live isn't perfect - but it's nice. Ch4 rated it the best place to live in the UK a couple of yrs ago. I just drove past an estate agent today (Browns) in the town centre - advertising in bright yellow on their shop window rates of 0.75% across the board. I have never ever seen an agent advertise their fees like this, and 0.75% would seem competitive...
  7. Don't ignore the possibility that the slight house price "rises" in the past few months have come at the same time as the pound falling significantly against other world currencies. If these house purchases (in an incredibly low-volume market) turn out to be mainly higher value London and South East properties purchased mainly by wealthy foreign cash buyers I won't be surprised.
  8. Data below only valid until 2007, but validates your point nicely. My dad used to say the same as Sibley until he looked at the data, then he admitted he hadn't realised how far things had changed, largely driven by availability of credit. If we do get further falls then the first graph shows land should become more attractive. Anyone know any Construction firms with a lot of land on their books? Source
  9. Be interested to know what you made of the article I posted about yesterday LINK - really interesting seeing as it was written in 2006, but it is the issue of inflation/deflation that this may ultimately lead to that seems very pertinent... aside from the unthinkable carnage. FP
  10. Taken from "the proposed Iranian Oil Bourse will accelerate the fall of the American Empire.." Krassimir Petrov, Ph.D. January 15, 2006 "When in 1970-1971 foreigners demanded payment for their dollars in gold, The U.S. Government defaulted on its payment on August 15, 1971. While the popular spin told the story of "severing the link between the dollar and gold", in reality the denial to pay back in gold was an act of bankruptcy by the U.S. Government. Essentially, the U.S. declared itself an Empire. It had extracted an enormous amount of economic goods from the rest of the world, with no in
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