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House Price Crash Forum


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About Sumsio

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    HPC Newbie
  1. Bit harsh I have read some absolute drivel spouted by some of you losers on here........ End of the day as much as you fantasise about what the government or the large multi-national companies may do.....one simple fact will never change and that is you will helpless to change any of it...............get on with your life and enjoys the good things that the world has to offer I made a couple of points on here and you call me dumb and retarded.......when I have seen such stupidity written by some of you lot! 99% of the world populations' lives are governed by emotions, whether it 's the fe
  2. Debt and inflation together works in our benefit though as assets we purchased in previous years gets paid off quicker......i.e. houses I mean wage inflation but with wage inflation you also get asset inflation...is wage inflation necessary? I would say so, because no one would like to work on the same money for their whole life...it's a motivator that increases productivity and part of the sociological environment we live in....inflation is necessary for productivity (wage inflation) and therefore debt could be a good thing as it would erode faster and would be more beneficial to the economy
  3. Sorry but thinking about this more logicaly Barry is correct. 25% of people may stimulate the economy by drinking, smoking and buying luxury plasma TVs etc... but then another 25% will be saving their hard earned pennys for a deposit and not buying the rubbish aforementioned - hence the reason the UK will be entering a recession, despite the fact the everyone's disposable income wiil have sky-rocketed due to a reduction in mortgage payment (but suppose that is taking into account in GDP)!
  4. So is Europe heading the same way as Japan? If so I understand from a website that house prices slightly crashed between 87-89 (akin to 2007-2009 crash) following a few years of stable prices (akin to our 2009-2011 period) and then boom free-fall crash in property prices 92--95 - is this where we are heading and NIRP will do nothing to prevent it?
  5. http://www.telegraph.co.uk/finance/china-business/8870677/US-and-Britain-avert-currency-war-by-securing-agreement-with-China-to-let-yuan-rise-in-value.html What are your thoughts?
  6. So I assume if you pay an employee in your own created currency, no income tax is taken on that income by the Govt. Then if that employee uses the created money to buy goods in the town where they are accepted, no VAT is taken from the Govt. and so on and that would go! Or even you could part-pay in the sovereign currency and part in your own created currency, where you only need to pay tax on the proportion of sovereign currency (which you maybe accept from outside traders and can be used to purchase goods outside of the town) but for the swapping of the goods and services in that town - no
  7. I'm not sure what you're saying? Is it that as cost of living rises, demand for property falls and therefore property prices will fall anyway? As renting or buying your cost of living will be the same as you pay for your electric, gas, food etc in both situations. I once read somewhere that as the value of the money you hold decreases you're better having your money in asset because at least that will always be worth something to someone.
  8. If all is this is true then surely the best option for a first time buyer is buying in the next few months and getting the best tracker mortgage available? If you find a house that you like and the mortgage interest works out to be less than what you are paying in rent to your landlord then surely buying would be a better option than renting now. This is of course taking into account that you will not be earning interest on your deposit, paying building insurance etc. and settting aside funds for any maintenance issues that may arise with your new home. The downfall in this plan is if th
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