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House Price Crash Forum

Bubble Pop Electric

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Everything posted by Bubble Pop Electric

  1. When you talk about the last housing crash in the 80's/90's people always say "ah well it was because the interest rates increased to 15%." Although this is obviously twaddle, people seem to believe that the market then only crashed because of that single economic factor, not because the prices were unsustainable. This time around what will people blame the crash on? It won't be because house prices are insanely detached from reality, it will be because of oil & metal prices/ interest rate increases/ global economy - or what? I think this is partly why we have boom & busts in markets. People will attribute the crash to some other cause, not because the market has been hugely overspeculated, & so within a few years there will be another bubble, whether it's in gold, tech stocks, housing, etc. Best keep an eye out for the next one & hop on board early, eh
  2. I can do better than that! My friend's parents have a holiday home in France. It's in the middle of a little town overlooking a harbour. It's a lovely black and white tudor type building, like you get in York. I've seen pictures of it. Anyway on April the 1st my friend gets a phonecall from her mum to say they've arrived safely in France, but the outside of their house has been painted red! My friend thinks her mums winding her up, because of the date, but no - it has definately been painted red. There's nothing her parents can do about it, because the town architect has overall say about the external appearance of the buildings. When she enquired as to why it had been painted red, she was told by council officials that the architect wanted to do an overhall of the harbour area. All the houses that used to be owned by the fisherman are to be painted in the colours of their boats that they owned, and their house was owned by a fisherman who had a red boat. Oh dear! It must be great to be a second home owner. I await your smug comments!!
  3. It's the way it's enforced sneakily too thats a problem. I went to Preston to see a customer, & not being a local got stung for £90 + 3 points for doing 34 mph in a 30 zone. The sneaky thing was that it was on a dual carraigeway straight after you'd come off the motorway. It wasn't a built up area, just a standard dc which normally has a speed limit of 40 mph! Obviously, having just come of the motorway your going faster than you think you are, but, being a responsible driver & doing a lot of driving (I do 35k miles pa +, and these are the only points I have), I was watching my spedd & making sure that I was well under 40 because I'd seen the cameras. Unfortunately I hadn't seen the speed limit had been lowered. Grrrr.... Anyway, they don't just give you the fine if your speed is low enough, they offer you a "speed awareness course" instead. You have to pay to go on it. Unfortunately, if you fail it, they then give you the fine & points on top of the cost of the course - so I went for the fine & points because I don't trust them. The stupid thing is that they only send people doing 33-34 mph on the course, ie the slowest drivers - surely they're the ones least in need of the bloody speed awareness course!
  4. I think there are far more people on here who are in control of their finances than the majority of the population. Our personal situation is that we DID double our income last year, and we're always on the look out to increase it further. However - you're not nessecarily guaranteed that income, a business may do well one year and not the next, in a mainstream job you may be made redundant. We have no debt, and are saving a lot of money. It makes us in a better position, but in our eyes, it isn't safe for us to buy a house at the moment, and become mortgage slaves. We are doing exaclty what you are suggesting, we have got off our backsides, (Have one full time/part time income/sideline business), but now at this moment in time - it's not the answer, it isn't that simple - the risk for owning your own shelter is just too high. It simply makes more financial sense to rent. Period. People on here - highly strung and emotional little bears that we are have assessed the risks, other people see something that's never going to end just from hearing that "houses prices are on the rise". I think people on here are very grounded, and have looked at the pros and cons far more than your average Joe Bloggs, and i beleive they know what they are talking about, and that they have looked at the picture as a whole. You may think that we should just buy because prices overall don't go down, in the smaller picture it makes a bigger difference when you buy.
  5. But Bingley Bloke, we live in Keighley - please don't move away!! I can't see what Cornwall has to offer that Bingley hasn't!!! It is beyond me why you would want to move so far away. What sacrifice is a mind-numbing job when you can live in Bingley!! (Can't blame you really - hope it works out for you.)
  6. We should just send them home irrespective of whether they've committed a crime or been economically inactive. The simple fact is that we cannot afford for them to be here. Even the working migrants have a negative social & economic effect. They work for very low wages displacing indiginous workers, either forcing wages in general down, or causing benefits claims to go up. If wages go down there is less tax revenue meaning there is even less money. If benefits payments go up then tax revenue is gobbled up & there is even less money (particularly when you get umpteen million NEW claimants who have never, nor will ever contribute, & umpteen million on minimum wages). Then we need to support their families with education, health, etc, etc - all needing more money. So either taxes go up (& consequently you get fined for spurious crimes such as putting food in the cardboard bin), or services get worse, or cease to exist (the NHS for example). Everyone tightens their belts, theres less money in circulation, the economy suffers, companies suffer, unemployment rises & we have a recession. Crime increases dramatically, there are no funds for new Police officers because all the money went to fund key worker jobs (Director of diversity in unemployed lesbian single parents at £150K pa, etc), the UK becomes a third World shithole, & the economic migrants think "sod this, this is worse than Belgrade/Tehran/Basra/Kabul/Tirana/Algiers/Baku/Dhaka/Zagreb/Banjul/Islamabad/*fill in as appropriate*, I'm off home/to some other economically viable country* (delete as appropiate)" They're like a plague of locusts, & T Bliar has just smothered the UK in milk & honey & shouted "come & get it!" & as an aside to point how truly crazy this Government is, you also have immigrant Doctors coming here & having to take UNPAID work as Doctors in the hope that after a few months they'll be able to get PAID for doing the job. Truly despicable & proves what a pile of tosh the whole immigration argument about "needing to import skills" is. The Doctors & other skilled workers should be the first in line, not the bloke who wants to work in the local kebab house shaving goats hoofs for the Doner meat.
  7. It's true because, quote "a financial provider" unquote told them so. That could be bank of mum and dad, or Joe Bloggs, because he's "a financial provider" to the taxman. It later turned out to be some sort of mortgage provider - but they didn't tell us that till about 5am (still rather vague). This is just the sort of stuff my in-laws take as fact, and will make sure i know that that is going to happen! I think this report would have been better fronted by Mystic Meg with her crystal ball as it would have sounded more convincing! Maybe i'm wrong - maybe they can see into the future. If they replaced the word "people" with "idiots", and it said "two thirds of idiots think house prices are going to rise - (in the near future), according to some bloke down the pub." - now that does sound far more realistic, and would be equally or - if not - a darn sight more accurate!
  8. I asked Dr Bubb if he thought buying gold was a good idea a few days ago & he called it absolutely spot on. Cheers Bubb!
  9. Don't be so sure, people have very short memories when tales of easy money are thrust before them.
  10. In laymans terms - can somebody explain the significance of this? I'm not too clear on stocks and shares. Is this the start of something big - or is it likely to fizzle out - i've been watching all week, and it doesn't seem to have picked up. Thanks.
  11. Yes it could be a revenue earner - frighten them back into their cars - more car users = more speeding tickets! Although she has seen this man herself (it could be just an undercover policeman). What about the teenage flasher though!! (see earlier post for details)!!
  12. My friend has just had a letter off the police, distributed by her daughter's school to say - only walk in groups, as the route to school is via an underpass, and there's a very strange man hanging about (there's also apparently a teenage - female - flasher as well). She didn't say whether there had been more dads than usual taking their children to school!! It's a really nice area, but although she lives a very short distance, she's now taking the car until they've sorted the problem out. In regards to spending, me and mr bubblepop use the term "penny wise and pound foolish" frequently to describe a lot of people we know, including a couple who were writing down each box of matched they had bought, and other small items, then buying another computer so the wife can use it when he's using his - they saw it as an absolute need, never used it - then swopped it a few years later for a crate of lager!! They are neeedless to say up to there necks in debt, and have consolidated a few times etc.
  13. Go to one of those huge supermarkets in somewhere like milton keynes, and see how little choice they actually have - tiny deli sections etc. They have a little of everything. i.e. not much of each thing. My best example is shoes. If supermarkets had their way, we would buy everything there. The problem is - take a look at their shoes and they're rubbish. The quality is poor - imagine if we only had that choice. Books as well - i do not only want to beable to buy the bestsellers, that supermarkets only sell. I will spend extra in my local book shop to make sure i have a continued variety in the books i want to read. As soon as people see that cheap isn't always better - then supermarkets will not do as well. There also is no variation, as you realise that no matter where you travel in the country you go - they are no different. I cannot beleive that the chief executive of the OFT thinks that we should settle for this - and that it's good for the consumer. Appaling! There are so many other arguements - some of which are mentioned in the article - like suppliers from overseas - the list is endless.
  14. But i don't think it will be treated with respect. Working class or not. If you are to add to this scheme over time then fine, but it is only a suggestion that people do add to it. I cannot see how it encourages to save, i feel people who are going to save for their children will do so anyway. How many working class families will be able to save for their children. It won't be a case of them seeing money growing over time - it will be a lump sum for children at the end. My feelings are that it will encourage debt, and irresponsible spending. I'm sure there could have been a better way to invest in every child's future. This does not seem like a sensible idea at all. I grew up with very little money, therefore when i was given lumps sums i completely squandered it/wasted it and had nothing to show for it at the end. It taught me absolutely no respect for money whatsoever, and i hadn't learnt by the third time - i believe no matter what the back ground most children will do the same, and only time will tell. If i'm wrong then great, but i don't think i am. Like i said in principle it sounds like a good idea, but i don't think it will be very successful.
  15. I agree about the off topic and it's in the first line of my post, but this affects all taxpayers and is another example of Gordon wasting money. Just because you don't have children doesn't mean this doesn't affect you. He is wasting yet more of our money - you should be pretty annoyed (unless you don't pay tax, and live off benefits).
  16. I like the title of the article "Why the bubble won't burst". A bit like saying "Why the boy cycling down the hill saying "look no hands" won't fall off his bike"! Interesting article. He seems to have an almost exact date - 2007.
  17. Thank you Dr Bubb. That is my frustration exactly. I just couldn't find the words - you've done it for me.
  18. My point is - i set up my own savings for our children - it's only sensible for them to have the money when they're likely to be leaving home, i.e when they need it. I could kick myself at the money i wasted when i was 18 even. At 16 (if indeed they were able to have the money then) they'll probably be still under my roof - so why would they need it? If we are paying higher taxes than ever in history, and beleive me in our household we pay an awful lot of tax - then i object to this little scheme. I beleive it is a completely false economy. Completely useless. As was pointed out - it will be worth a pittance then. I personally am quite happy what they do for a career, and would be very happy if they didn't go to uni. I'm not really that bothered about anything else. But i think this is a wasted opportunity. Don't mistake for a pushy parent. More that i'm annoyed the way Gorden spends our money.
  19. The lady on the child trust fund helpline told me it was available to them at 16 - that's where i got it from. But i still think even 18 is too early anyway. Krosfyah - i did apologise it wasn't on-topic.
  20. I am sorry if this has ever been discussed before, and that it's off topic - but i feel this well describes Gordon's incompetance. As i write this, i am absolutely fuming. I have a son who is two and a half. So he qualifies for the child trust fund vouchers. The problem is - i am really unhapppy about this. First of all i'm not keen on those sort of accounts for savings as there are lots of people who i know that lost money from these sorts of trust funds. Secondly the savings accounts WE have set up for our children, it is up to us when they can have the money. So hopefully it will be used towards something that is really needed. I was really shocked to find the little nippers can get their hands on the "invested" dosh at the grand old age of 16. 16 years old!!! Why would they need the money at that age. As parents we have no say over this - it is free for them to do with as they wish. How many children need, and i mean actually need that money then. How many will spend that money on something worthwhile? Is 16 the age when they will need to spend the money on something that they actually need? My point is although most adults have difficulty managing their finances, how on earth will 16 year olds cope when this money is thrown at them. I can quite happily tell you what would have happened to me if i'd have got the money. Maybe i'm being petty. But as a taxpayer i resent this waste of taxpayers money. I can simply see that this attempt to encourage parents to save for their childs future is a complete waste. If you are a parent who wants to save for their child's future - you're going to do that anyway. If you won't or can't afford it - that money will still be wasted. I am furious, and see this to be of little or no benefit to anyone - apart from free beer tokens for every child when they reach 16. Limo's on 16th birthday parties is what they'll be spent on. The idea in principle could be ok. But when most children haven't moved out of home what is the point. I see little benefit to the child- except to give them a taste to wasting money. Sorry to rant, and maybe i'm missing the point - perhaps someone can enlighten me?
  21. I blame it all on the dumbing down of the education system. You get some right muppets employed in "professional" roles.
  22. They're in debt.... ( http://forums.moneysavingexpert.com/showthread.html?t=197070 ) "My problem is this: I am married, aged 21 and my husband is 28 years old. We have £46K worth of unsecured debt and a £91K mortage, with a £600 deficit each month......... We CAN'T under any circumstances go bankrupt as my husband works in the financial sector so would lose his job, and we would most likely lose our house." Its just beyond belief. There have been accountants & finacial analysts posting too with amazing amounts of debt. The wheels have well & truly fallen off!
  23. Let us know when the champagne is replaced with asti spumanti.
  24. Sadly society rewards those who take from the economy, & punishes those who contribute to it with ever increasing taxation, & indifference. Needs to be the other way around. Make people work to earn their benefits, even if its just picking up litter off the streets, stop handouts to young mothers, & help the people who contribute to the economy, rather than those who just drain it.
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