Jump to content
House Price Crash Forum

Hmmmm

Members
  • Content Count

    29
  • Joined

  • Last visited

About Hmmmm

  • Rank
    HPC Newbie

Profile Information

  • About Me
    Looking to hook up with other like minded HPCers! PM me!
  • Location
    Oxford

Recent Profile Visitors

578 profile views
  1. There are indeed many conspiracy type theories on why the second world war happened but it is generally agreed that the economies of many countries were not in a good way at the time, and discontent was on the rise. I do not doubt that there were parts of the establishment that would have happily chosen war over the masses seriously revolting. Countries also on the whole, do not want to overstretch themselves in peacetime by getting too far into debt, however, they are usually more than happy to pile it on if war kicks off. Hence the banks likely wouldn't have been against it and there is ampl
  2. Thanks for reading it and posting back your thoughts! For me, I liked the articulate way he managed to address the big question when it comes to governance. ie How do you balance the needs of the individual, with the needs of the group. I felt for a long time that cooperation and sacrifice of the individual, for the betterment of the group, was the way to go (so quite socialist/communist almost), but having read up on socialism and worked in large companies, I've come to the conclusion it is far too easily corrupted and it always seems to lead to things NOT being as good as they could be, but
  3. You're right!? Maybe it was a glitch or something but I managed to see the whole thing yesterday... Signing up does let you see one article a month free though so I recommend it, but I suspect most won't bother! Thanks for the heads up!
  4. I can't remember the last time I posted anything here, but thought I'd share this as it was one of the most intriguing things I'd read in a very long time. https://www.foreignaffairs.com/articles/united-kingdom/1933-01-01/prospect-british-liberalism The link kind of gives it away, but if you can read it without seeing the original publication date, then I think you can see why it left such an impression on me. It could have been written yesterday. It is also the first time I think I have read something I can genuinely get behind, that resonated with me so strongly. I never felt I cou
  5. Lot's of lurking, very occasional posting, until I gave up caring about this s**t a few years back and stopped visiting this site (still kept an eye on Rightmove though and was on here again just before the '16 stamp duty change), it's done wonders for my sanity ;), but recent moves have got me looking at houses seriously again (and got me back on here, sigh). I'm looking in Oxford and for the last 6 months at least it seems, the market is dead. Anything nice used to shift almost immediately and would be bid up by developers. Some solid properties needing redevelopment, that would have lasted
  6. Not sure why this was posted, but this is not even in Japan. It's a VW factory where you collect your new car...
  7. I couldn't agree more but since Keynesian views came to rule the roost, this has been the unfortunate reality. Their whole model is based on the assumption that governments will run a deficit. It only makes it ok in the end because the imposed inflation (that they also assume is required for investment) will "ensure" constant growth. Therefore "ensuring" that the next generation is richer than the last, and will pay for it. I naively thought that if things get rocky in an economy, things could just contract a little and we would be done with it, but that is not and never has been the case, sin
  8. Everyone's got to do what they have to do, but if you think the crash isn't coming, then think again. They said it couldn't happen in Japan, then the US, then Europe, then the UK, then the SE. Frankly, the only place where house prices are still rising is London and I haven't checked recently, but that's probably not doing that "well" any more either. The UK has set itself up in a very precarious situation. It has done everything it can to prop up the market and it's pretty much run out of things it can do. Since everyone's default assumption is that house prices can't fall in the longer term,
  9. I am in almost exactly the same situation as you and frankly, you have come this far, don't risk it now. Look at the trends, Prices are falling everywhere now and the tide might be slow to turn but it is turning. Once it gains momentum it will really become more affordable. I am renting at the moment and a nice place at that. Used to pay almost the same as you for a place near the shell station. Live a bit further away now and the money goes a lot further. Don't get suckered into it, everything is pointing to disaster in the economy and anyone who says it won't happen just aren't seeing the fa
  10. I think I possibly didn't make my position clear. Just to clarify, I think all investment in the essentials is morally objectionable. These are in my mind, food, power, healthcare and housing. Of course this is completely unenforceable, not least because these are the things that are deemed to be the best investments, as people will always need them just to survive. The thing is though, the government should recognise this and try to prevent it through legislation, not bl**dy encourage it!!! As regards the post from the person saying I think renting is morally objectionable, he is missing the
  11. I'm obviously in a minority here, but I thought I'd put in my 2 pennies on the morality angle. I feel BTL is inherently a really bad idea. If you've got the money to buy a place outright, fine, do with it as you please. If you lived in it and want to rent it out later, fine, although I'd prefer you sold it. Borrowing money, so you can rent it out to make a profit... WTF! If the landlord doesn't even have the money to buy the place, all the landlord is doing is making people who could afford their house pay the landlord and the bank instead of paying the bank only to live in the same damned ho
  12. OK I'm ready for a slamming! Basically, this is just me thinking aloud and just so you know, on balance I've decided not to buy. - The government don't have any for the first time in it's history. Not sure what that means though. Do they have any incentive to therefore make sure that after a crash, gold can be converted into lots of pounds? - It is considered a safe haven for all the money that has nowhere to go. If something more attractive comes along as an investment, you can bet your @rse that it's going to bomb. - It's physical so could be hard to protect and eventually to convert into
  13. That is true, but is much further down the line than the bit I am talking about, when "money" as we know it was first created, just as a medium of exchange. You are getting onto the fractional reserve banking bit, which is relatively speaking, a much more recent development. It's all a complete joke as far as I'm concerned, and although I say the people with the money have got more powerful, it's possibly not really true. The people with the money have always held a lot of power, but now they are also almost completely unaccountable for their actions. How depressing...
  14. Interesting thread. Here's my two pennies... I read a book recommended by someone on this forum, it was called "the mystery of banking" and you can find pdf's of it on the web. It really cleared things up for me and although it is a bit repetitive in places, it drives the point home that you can have money without debt, as originally, all it was was a medium of exchange, you just had to have enough of it at the time to pay for what you bought in full immediately. One of the major problems though, comes about when the "value" of the money is messed around with, either by inflation, devaluation
×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.