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lal

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About lal

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    HPC Poster
  1. haha If we think of this logically - one country shouldn't be the reserve currency of the world - we should have a new world currency that should be the world currency - free from political distortions and printing. Gold used to be it... but i think it needs to be something that speculation can't drive to crazy prices
  2. Its a strange situation we are in, and i am trying to understand - and i hope someone on here can help me do that. If inflation is running at say 4-4.5% and we are having a 2% decline in prices - thats obviously a real (taking into account of inflation) 6.5% fall in prices.... relatively to other products... however if wages aren't rising... which they arent.... that doesn't make homes more affordable... its not really a 6.5% drop... but rather the 2% decline that we see... So shouldn't we see actual prices fall by say 30%-50% totally ignoring inflation because ultimately all that its doing is eroding our spare income rather than making houses more affordable... IF that doesn't make sense, let me know and i will clarify but it is central to my thinking at the moment....
  3. you forget Van thats not what we have witnessed so far. When property drops and individuals don't get the prices they want/ expect in this inflated market they tend to either take them off the market or wait and see... they have that option whilst interest rates are so low. Until people start loosing their jobs and they are forced to sell/ interest rates go up we won't see drops in prices in any significant way.
  4. why haven't prices dropped like a stone here - like Ireland and the USA??? They have rock bottom interest rates too....
  5. hmm... another above inflation rise... how can next year be better than this if we are seeing prices rise more quickly than inflation... madness. How can unemployment not be higher, how can the Eaton boys not get the blame for this... worrying times... especially if Spain folds in the new year... if Spain goes we are in a depression my friends....
  6. their dad's called Neville Neville... thats all i have to say on the subject... one more thing... they are both ridiculously ugly.... ok one more thing, only a monkey would pay 4 mil for a flat. lol.
  7. i think no one knows what the hell will happen after next year... we will see weak growth next year with Portugal, and possible Spain going under... infact, i could see Sweden, Hungary and Latvia all going under too... but if Spain goes... Europe goes.... and we will in all likelihood enter the next depression. The 14.4% is because its quite a long time... the risk factors over this governments time are huge... heaven forbid you loose your job or something - whatever your using the cash for is likely not to have significant value then (e.g. Car) and your home (if you own one) will be taken by the mortgage you have.... Scary times my friend.
  8. On wake up to money on fivelive they say this none movement will continue until something moves... in terms of demand and supply... which i am beginning to agree with. People aren't in any rush with rates so low and unless there is a huge swade in job cuts.... say 500k which panics everyone into sales... i just can't see any movement at all lol.
  9. i just tried to compare home loan approval to house prices but couldn't see a clear correlation... maybe there is an inverse relationship between interest rates.... my point being... this doesn't necessarily mean prices will drop.
  10. When the market eventually returns to mean levels... i see that being 150k... maybe even lower depending on if interest rates go up, if the lending criteria actually gets tightened and public sector cuts... and the market becomes cost push... lets see.... but no... lol. not a bargin
  11. here's mine.... its a metophor for recklessness paying off....
  12. 82 billion is not half our deficit.... 975billion is our deficit, 160 odd billion is our structural deficit... the amount we are going further into debt each year... i thought i would make that clarification first. Secondly, the EU won't fail unless a country like Italy or Spain default which is still unlikely. The EU has so much political will behind it from France and Germany that with those two power houses holding it together it will have every chance of survival. I think its stronger than most think....
  13. hmm... thinking aloud here... where is the correlation/ when does the correlation kick in for real prices of houses.... So if mortgage approval is so low... why aren't we seeing this relflected in month to month falls... or is there a delay?!? 18 months maybe?
  14. lets all buy houses and leverage loads of debt... after all we are definitely in a recovery right! lol (i hope you note my sarcasum). Dear me... if anyone thinks these figures are good... they have a screw loose... run up to chrimbo id expect alot of temporary jobs being taken up...
  15. lal

    Meltup!

    I watched the video just now... i refuse to call that a documentary. What a load of none sense. They were basically saying inflation would be at 300% by next year on Fox... the sources were all not credible either. Yes the US national debt is unsustainable, yes they are printing money but the pressures on the US not to do anymore QE are huge... look at the uproar around the world about it. Although i agree that the dollar has weakened and all currencies are... i associate stuff like this (and i can't believe i wasted an hour of my life watching it) with people who believe in ghosts or that aliens have come to this world... You can make figures and statistics look like anything.... btw, a big part of their argument was not putting social security on their balance sheets and Freddy Mac and Fannie May... the UK hasn't put RBS, Lloyds group or countless and its social security payments in the future... i believe because it isn't a present obligation they don't need to account for them (well thats the legal accountancy terms) however i agree with them regarding putting the banks and freddy mac etc on their balance sheets as thats real debt now... Interesting times lol. Might put some cash into minerals and food though... or i could just nick a shopping trolley and fill it with baked beans!
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