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House Price Crash Forum


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About assetpriceinflation

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    Spend most of my time enslaved to the banking system and fighting life's catastrophe's.
  1. From NETHOUSEPRICES Flat 1, Fleming House Ockbrook Drive, Mapperley, Nottingham, City Of Nottingham, NG3 6AS £133,695 Flat Leasehold New Build 21-Jan-2004 Now on Rightmove at £118,000 http://www.rightmove.co.uk/viewdetails-161...=1&tr_t=buy
  2. Because the most important factor in all of this is inflation expectations. If everyone thinks there isn't going to be inflation then they don't try and get bigger pay rises / push through higher price rises. I think that this report gives the BoE the chance to hold for the rest of the year providing CPI doesn't trend upwards agin.
  3. Don't forget money is global, as much as central bankers create a role for themselves by manipulating interest rates they cannot tame the beast they have created. Look to Japan for seismic shifts - when they raise short term rates above 0.75 liquidity will rapidly unwind without corresponding increases in the US. Global rates are still around 4.6% which is still expansionary.
  4. Prices in Fleming House, City Heights Fleming House Flat 16 Ockbrook Drive £130,000 Flat Leasehold Not New Build 16-Jan-2006 Originally £137,995 Flat Leasehold New Build 28-Nov-2003 Now for sale at £125 000 http://www.rightmove.co.uk/viewdetails-145...=1&tr_t=buy Fleming House Flat 8 Ockbrook Drive £128,995 Flat Leasehold New Build 28-Nov-2003 Now for sale at £125 000 http://www.rightmove.co.uk/viewdetails-786...=1&tr_t=buy
  5. Hey, thats brilliant, I've been a member for a while NorthernMonkeyInc. I'll join your league.
  6. Will be asking for 11% (inflation), but also expecting a promotion - so will be asking for 20% or moving on within the year.
  7. "Failing that, we will have to transfer that debt to our children - because if mortgages remain unpaid children now legally inherit the debt." Is this correct ? What is the basis for this comment ?
  8. The lower the rate the weaker the dollar will become, the greater the chance of imported inflation (energy). The US needs >$2bn per day in capital inflows to pay the interest on what it owes. Rates are not going down there nor here. For all the talk of credit tightening money supply in UK is growing at circa 15% per year. We have slightly more room for manouvre but rates are going up. Let's not forget the long term AVERAGEin UK is 6% and US 5% !
  9. All the best to you guys - hope the meet goes well Ex-cambridgeite
  10. What do you base this figure on ? I don't have empirical evidence but I thought that the long run average of interest rates where 6% UK and 5% USA.
  11. So I guess that they are going to use data from repeat sales divided by number of days between sales then annualised. As we have seen massive HPI since their records began in 2000 their Index is going to be overly optimistic. As sales stagnate their index will similarly fail to reflect any subsequent fall in market value (asking prices). I currently remain sceptical.
  12. I have nothing respect for Stephen King - You have taken his comments out of context.
  13. To paraphrase Henry Kissinger " He who controls the food supply controls the population, he who controls the oil supply controls continents, but he who controls the money controls the whole world."
  14. Ben Bernanke - recent new head of the Federal Reserve - an academic whose studies of the Great Depression led him in 2001 to say that - The effects of the depression were worsened by the credit crunch of the central bank and that it wouldn't happen under his tenure as he would simply print money and drop it from Helicopters as a way of maintaining liquidity. Shame he never studied Weimar Germany or present day Zimbabwe where the citizens have all the money in the world yet can't afford anything.
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