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House Price Crash Forum


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About hedi

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    HPC Regular
  1. as the funding for lending scheme for mortgages stopped in January, some commentators supposed that banks and building societies might have to increase retail deposit rates to try and attract money to lend. this is not happening at all. are we now to suppose that our banking system has learnt from the americans and that from now on, our banks no longer require depositors cash. if so this is a major game changer. any thoughts, as to how they are getting money and from whom, and is there any reason why they should bother with retail depositors ever again. it would be helpful to know so one can
  2. hi, we all know that the government is subsidising new builds and their buyers, is there any way of knowing what effect this is having on the hpi for nationwide and halfax, as I am sure that I remember that new houses seem to have a larger effect when these companies work out price rises. if so then the rises simply reflect a mini boom in London and newbuilds where the builders are able to increase the values as the government is acting as the bank of mum and dad. it might be interesting know,
  3. it seems that its back to normal in the housing market, interest only loans , ray boulger on the tv, prices going up every month, increasing multiples on salaries, a huge drop in people on this site,location location location is back, its go go go. as with all crashes they never happen when they are expected, and for years now the housing market was expected to crash, especially here on this site. but lets face it ,it hasn t . it will happen, but not as we know it, jim.
  4. the numbers viewing have really gone down , it used to be 2000 nearly all the time now its under 700, has the towel been throwin in?
  5. i think we can finally accept that the time has arrived to do something. its no good trying to judge market timing, but it is time to get out of cash and out of sterling. i can not begin to tell you where you should put you money, or when. but it is clear, that there are now no circumstances, in which the govenment will do the right thing, they have completely lost control of the economy.the entire political and financial class are so thouroughly dishonest , that to even retain a mere glimmer of hope that they could start to behave in a reasoned and right minded way is foolishness. but do n
  6. have been looking and commenting on this site now for years, and have decided to buy. is a little worrying but i have completely lost faith that anyone in authority has any sense of morality towards what is the right thing to do. the property was originally on the market at 295.000, hopelessly optimistic according to the agent, then reduced to 225,000 and am buying at 200,000. sounds ok but these are worrying times. am paying cash. my real concern is the cash part, i am getting increasingly worrried that the way of the political world is so corrupted that holding cash is probabilly more d
  7. sorry, my mistake, has been answered, many thanks for that. hedi
  8. hi, thanks for those posts but neither are the video i was looking for. it was basically a cartoon showing how bankers work and how it all stated in italy,and the money multipliers work and then ending with an interest monster eating away money.
  9. hi, someone a little while ago posted a really good youtube clip of where money comes from, a sort of history of banking and ending with the interest monster. i would be grateful to find again. i need to use it to explain to a friend. thanks
  10. hi, a request for somebody, there was a really good youtube video with cartoons of where many comes from, a sort of banking history resuling in todays interest rate monster. if anyone can remember which thread it was under would be most grateful. thanks
  11. no this is not QE. the advantage of QE is that it does not have to be paid back, resulting in money destruction; putting in 100 euros that eventually that has be be taken out again when paid off leads to money destruction. secondly QE has no interest attached to it, so does not cause any further money destruction;ie money being taken out of the merry go round to pay interest. in view of our banking system of debt money creation, QE has a certain logic, ie it creates money that does not have interest or repayment. what the ECB is doing is actually making things worse in the long run to ease
  12. hedi

    Stop Moaning.

    true. so would have been better buying oil than that 1m house, oil 1,600 dpb if bread £7 a loaf.
  13. hedi

    Stop Moaning.

    all true, but easier to think and believe, than live by, as you know.
  14. hedi

    Stop Moaning.

    a lot of people on here recently are getting disgruntled about how things have panned out. i personally left the market a few years ago with a hopefull expection that the boom was over. well, the boom is over. outside of london houses have been slipping somewhat slowly, but slipping. no there has not been a crash. well with .5 pct base rate that not really a supprise. the govenment has done all it can, along with banks who would go bust,lets be honest if a crash happened, to maintain prices as best they can. a lot of us took the perfectly rational view that booms come to an end one way or a
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