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House Price Crash Forum


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Everything posted by markyh

  1. Nope. If the bank goes into liquidation the next day, Poof, your moneys gone and you have to beg the Government to give you back up to £85k of it. Deposit £1m, you get £85k and feel grateful.
  2. Back to the 70's. We did this all the time, my dad and uncle with a axe and bow saw, me in tow, drive the car into the woods, hand process fallen trees / logs, then axe split them in the back yard. Cost my Dads mate a finger once due to my little sister about 3 at the time wandring near him while he has splitting logs, looked over his shoulder to see where she was while still chopping, Whoomp, finger gone.
  3. Once you deposit it in a Bank it's no longer your Money. You gave it to the bank. You own an IOU on a bank ledger in your name. Not you your bank, not your cash, Not your keys, not your coins. Crypto is the answer, self custody of your money and assets.
  4. Thing is it's only the bottom 30% of the income distribution that are really suffering, and they get almost 100% of their income from the other 70% who are fed up with paying for them. As Mark Blyth said "We dont care what happens to you, you are now something to be policed, your now something to have your behaviours changed". This winter my home energy bills will rise from £200 pcm now , £120 pcm last winter, to £500pcm. It's annoying yes and cuts will be made in other area's and energy consumption will be less. But when we need it we will heave both heating and eating as we always have for the last 20 years as a family. I will still vote Tory as every other party will want to rob me blind to pay for the feckless.
  5. Labour Government in 1976, i was there terrible drought, much worse that the Tory caused one now. Why couldn't they solve it back then? Or..... was it something to do with the weather? Hmmmmm. And every time i pass the HS2 sites i marvel and the tens of thousands on Navi's with pick axes building that thing for hundreds of miles, great for full employment.
  6. Have not been following this but it's good news when it happens.
  7. I you bought back in 2011 you have done well, plenty of HPI since then. Our last move up to the last house in 2016 during Brexit mini crash after June vote was our last. and HPI gains have been good the last 6 years too. Now pretty much mortgage free thanks to Crypto so just living life.
  8. No, i can only say what i am invested in, launched or yet to be launched. Bitcoin, Ethereum , Hex , all launched, PulseChain and PulseX yet to go live.
  9. Notice since we have come back up $7k from $17k lows they have all scurried back under rocks again to hide? I still think we need a capitualtion wick to $10k In Q3/Q4 2022 but hope we dont.
  10. Was more pubs in the UK 1400-1900 before GCH or leccy heating was a thing, people seems to have flocked there to eat and drink back then, even in Winter. I love our village pub in winter with the log fires roaring. Toasty.
  11. There will be plenty of new projects doing 100 x-1000x , people just need to research and find them. Bitcoin still has at least a 50 x in by 2029. Personally looking forward to the next Tesla stock spilt.
  12. But it doesn't matter, is the last house of our personal ladder of 3 purchases (with 2 rentals in between). We will retire here and downsize one day, if the market falls a lot and not recover in say 30 years time then we will trade down to whatever at that point. I have no concerns of the rise and fall in the price of my house anymore and we no longer need LTV .
  13. My Octopus Go beta EV leccy contract is fixed until end March 2023, 30p kwh day, 7.5p kwh night, 25p standing charge. Gas is variable though so that will shoot up from 7.2p kwh.
  14. Fixed and capped mortgages were both on the table when i bought my 1st house in 1996 in my late 20's. Ended up with a 7% Halifax variable cashback PEP mortgage i seem to remember.
  15. Hey COV , my installer is still unable to get my 2 x 8.2kwh + 2 3.0 inv Giv-Energy system to install. Had a call Monday and they have the batteries now and no invertors. He suggest we look at other brands. Any pointers how we can get hold of Growatt Systems? Also i was in disagreement with him that i thought Ritchie had mad all "renewables" vat free recently including stand alone battery storage, my supplier says it still needs to be bundled with a green energy item (Solar PV / Heat Pump etc) to get 0% vat. I really really want the install finished by October price cap, i started in Feb and thought it would be done by now.
  16. Got the Tesla's payments covered, got a net zero mortgage now remember. Plus they are not really losing value, did a recent WBAC/ Carwow / motorway etc runs and the Y we can get more than we paid for it after 5 months and 8k miles and the 3 we can get £50k for it after 8 months and 9500 miles, we only paid £52k and what it owes will be around £45k now. Want to buy the 3 now new from Tesla? 9 month wait and £61k , exact same car, just slightly bigger battery. All's good, should have bought the right Crypto as we advised over several years rather than sitting in cash losing money. 2% max while inflation is 13% must be a killer.
  17. You will be evited and living on the streets, I have the remaining balance of my £212k mortgage as cash in a few savings accounts waiting for my 5 year fix to end in June 2023, when i shall be clearing it in full. I shall be in a mortgage free £700k house under 55 years old just living life. Renting is a mugs game, how do you propose to pay the market rent from your small state pension once you turn 67 ? You plan to try and keep working until you die?
  18. Try not paying your rent and see where you will be in under 12 months or less. I wont be where you are living now.
  19. It's a bit like Bitcoin will be back to zero, soon.
  20. You watch how quickly they will come down again in 12 months time once a depression is spreading, both USA and EU / UK. back to under 1% by the end of 2023. Total currency collapse of the USD system is the only way out, anyone without assets wiped out financially.
  21. Good on him (them), i'm busy booking a late 2 week holiday in Cape Town for last 2 weeks of October, up to £12k so far with flights, Holiday house in the best part of town (very white and wealthy near the beach), and Car hire. We cant all be doom mongers, some of us need to keep the economy going, say thanks if you work for Expedia or booking.com, i'm helping keep you in a job during these hard times. This is in leu of a family summer holiday now btw, not made of money!! Actually saving 2 weeks of crazy Gas and leccy prices going then too, every little helps.
  22. Quantum computers gonna be winning the Powerball a lot then by 2025, lol.
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