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House Price Crash Forum


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Posts posted by MonkeyNuts

  1. I was following the stock chart for MF Global over the last two years.. it was down 95%.. obviously badly managed, why people had money, some cases millions and whole life savings, at this firm i just dont understand.. its not like it was a 'too big to fail', that would get a bail out from the US government.

  2. http://www.dailymail.co.uk/news/article-2064828/Bank-chief-warns-housing-market-delay-ownership-middle-age.html

    So its gone from 40 to 44 in a couple of days..What's it going to be on Friday? 50?

    When it gets to 50+ people might as well rent their whole lives.

    No one will ever buy houses except land lords.

    I see nearly all of the UK housing stock getting transferred to landlords over the rest of this century.

  3. Hi All,

    I've been a reader of these forums for many years and have picked up tons of useful information. I've been holding out yet longing for my own place for years and have become tired of renting and house sharing etc. However I wouldn't do it until it made financial sense as in it was as cheap as renting for a decent sized house for myself.

    Well I have now made an offer on a house that has been accepted I got about 10% knocked off and with a 10%, deposit the mortgage is 20 quid a month more than my rent. The house is on a no chain I get the impression its borderline repo and needs quite a bit of work but I don't mind that. Total mortgage is 2.6 times my salary which isn't too bad.

    Anyway thanks for all the useful information you have all provided over the years


    Seems we had most of the HPC in 2008.. then they cut rates to almost 0%, in 2009.. end of crash.

    House prices will still fall relative to inflation but it seems the big nominal falls are behind us.

    Only an interest rate shock will crash prices now but i dont think rates are going up anytime soon.

  4. WHAT!!!

    I am getting cheesed off with this waiting. Everyday we hear nothing about gloom and doom within the UK economy, how bankers are not lending, how everyone is cutting back because of the hard times, and yet...


    Please someone tell me when this bloody property crash is supposed to take place, how many more years am I supposed to wait.

    Buy a house when you can afford it, if you can afford to buy now then buy now.

    The bulk of the nominal falls happened in 2008, before the base rate was cut to virtually 0%. That stabilized average house prices which otherwise would have bottomed nearer £100K in the Haliwide national indexes.

    Most of the rest of this cycle's HPC will now be in real terms, prices will remain more or less flat for several more years but inflation will knock at least another 30% off prices from these levels.

  5. Haha Virtual Boy, now that's a blast from the past!

    Has anyone else noticed how much 3DTVs have come down this year? Last year they were premium-only, now they're much nearer the average Joe. Still not selling though. 3DTV is great for a while, but once the novelty wears off...meh. It'll never be adopted with the artificIal barrier that glasses create (though I know you can get some glasses-less 3DTV).

    Agreed though with guys above, with the exception of having a decent smartphone, my gadget spending is cut back to nought. Imagine what'll happen when ppl start needing to cut back on food...electricity... :ph34r:

    All TVs will be 3D soon enough.. it is optional, even if you have one you dont actually ever need to use the 3D feature.

    I was on the market this year for a new tv.. my 10 year old CRT was showing its age.. i wasnt specifically looking for a 3d one, the TV i liked best happened to come with it.

    The Kids love 3d... Tangled in 3d is one of their favorites.

  6. Of course raising more money off the back of these "second homes" is a good thing...it was scandalous that they were given any type of discount at all..but those Londoners (etc) who can afford a half million quid cottage will be able to afford the council tax on their SH...I'm sceptical that we'll see huge amounts put on the market because of this...

    As mortgage rates are so low at the moment most can easily take afford the increased ct.

    this will only really start to hurt when rates are back up.

  7. It looks like something which could be seen in the hit film Slumdog Millionaire.

    But these shocking images - which show garden sheds and garages transformed into dodgy homes for immigrants - are not from the slums of Mumbai. Incredibly, they are from a west London suburb.

    According to The Sun, the sheds in Southall have been built by rogue landlords who are cashing in on newcomers to the country.




    I noticed recently at least one Indian household who have moved out from Southall into surrounding areas like Hillingdon and have also built similar brick sheds in the garden and are renting then out.

  8. struggle to believe someone would pay their mortgage rather than feed the kids.

    Close relative spends tens of thousands doing up his house, which he inherited so no mortgage, and drives new cars.

    Kids are fed from a basic food budget, like £15 a week each, when the food runs out the fridge remains empty until shopping day, so the kids are self disciplined to make sure the food doesn't run out.

    Money spent on house is seen as an investment, cars are for status and showing off.

    Money spent on food is seen as wasted money as you get nothing to show for it..

  9. In the house's favour at least I don't get claustrophobia from looking at the pics.

    Wide angle lens.

    It is an extended corner plot house. the rooms arent very big but it does have slighly higher than normal ceilings.

    The door was on the wrong side of the front, so they have moved it to the side of the house, to balance the entrance hall into the middle of house. An interesting way of doing this, most people just leave the entrance on the front of the house and it normally means downstairs doesnt have a central entrance hall and so some of the rooms can only be entered through other rooms.

    Still i wouldnt pay more than 2.5 mill for that.

  10. Is options expiery this week, I doubt that you will have to cry into your beer.

    option ex was last week.

    If gold is going parabolic then the gold boom is nearing its end, i still think that level will be above $2000.

    So gold goes from $250 to $2500 during this bull move, very nice run..

    $2500 for 1 oz of a rare but shiny bit of metal that's only good for a bit of bling.

    I expect gold to get to near $2500 and the drop back to $1250.

  11. I suspect the answer to this question is an outright 'No', but am not sure. It would be nice to get some fact/details - if they are available.

    Given the growth of gambling markets in general and spreadbetting for the masses in particular I was wondering IF, cumulatively, the activity of spreadbetting firms can meaningfully 'move' markets beyond the actual movement due to 'real' traders, i.e those who actually buy and OWN an asset (e.g equities, gold, cuurencies, etc) - even if it is for mere seconds in the extreme!

    I understand that in an ideal world/situation a spreadbetting firm will carry no risk themselves - as they would simply match up those who want to place BUY bets up against those who want to place SELL bets. But of course, in the short term, there could be situations where the they have an imbalance of sellers vs buyers - and would themselves need to somehow reduce the risk to themselves buy actually buying or selling REAL market assets/instruments to do so? Could this activity cause non-trivial movements in the actual markets themeslves?

    Spreadbet firms do have large punters, when those big punters enter the bets, the spread bet firm will offset nearly all the risk in the underlying market. And the market will move.

    There was the case of the newcastle united owner who made big bets in HBOS (and lost :o )


    When those bets were initiated it would have effected the HBOS price on the day for sure.

  12. They'd see that the house price bubble was the closest thing to an unrestrained free market we've had in a long time - the paradox is they'd rather have had the state crawling all over the market like the Stasi, just so they could gain an asset they could use to define themselves as a Tory. You couldn't make it up.

    Isnt the point of HPC.co.uk about wanting a good old fashioned 'free market' bust.. 50%+ off UK peak prices, after the biggest ever free market property bubble in history.

  13. Ah but don't forget spending money on a house is an investment, maybe it will increase the value of Downing Street.

    Kirsty says

    1: knock the wall through and put laminate flooring down

    2: build a walk in shower room

    3: put halogen lights in the kitchen

    4: twigs

    5: more twigs, people are willing to pay more for a house with twigs

    6: paint the walls with some neutral colours

    7: extra twigs, I cannot stress the importance of twigs enough in contemporary language

    Im spending 12K at the moment to do up my through lounge, and i thought i was being extravagant B)

    Am using the banks money at the mo, which might be taxpayer money at some stage if i cant repay or rollover and need to BK and banks need another bailout :lol:

    CRT being replaced with a 55inch 3D flat panel on 12 months interest free, sofa's on 4 years interest free.

    Everything else is being slapped on my New Marks and Spencer credit card which is 15 months interest free.

    Still the piper needs to be paid at some point, unless i can keep rolling over the debt or BK one day.

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