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House Price Crash Forum


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About Rave

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  1. I've just sat here and watched it go from <$10,000 to $10,750 in under 3 hours. Short stops getting taken out, FOMO, who knows? Better go to bed I suppose.
  2. There are two types of drains- those that go into the sewerage system, and 'storm drains' which are designed to channel rainwater directly into a watercourse or the sea without treating it in any way. I would imagine the roadside drains in a seaside town would be the latter... Edit: that's not to say that I'm in favour of persecuting van dwellers, indeed I came close to buying a van and clearing off for a bit myself, I'm just saying.
  3. Not exactly cheering news for me though, Lot 1, 205 Bellingham Road, sold for £460k. Those houses are quite large for a 3-bed semi but that one appears to require extensive renovation on top. Just going to have to accept that London isn't for me any more I guess!
  4. I'm not indifferent- I think wind turbines are lovely and add interest to some otherwise fairly unremarkable bits of countryside. Anyway, regarding coal stations running out of coal / the UK running out of power- I daresay we are in the clear for the rest of this winter, I doubt one more cold snap will result in any brownouts. From next winter we could be in trouble though I think- Eggborough didn't win a new capacity contract and will close in September (which in reality means it shuts down in the next month or two, it's highly unlikely to be needed over the summer). We can't just import
  5. https://www.classifieds.co.zw/en/zimbabwe-houses-for-sale-221 They're cheaper than London, but they're by no means worthless. The value of the Zim dollar is a moot point when nobody uses it.
  6. It's right there in the article- some US states are Recourse, some are not, and defaults are lower in states where the lender can come after you for the outstanding balance. From Neverwhere's post on the previous page: 16 In the event that the proceeds of the sale of your property (after sums due to the first standard mortgage lender – excluding any redemption penalties - have been repaid) are not enough to pay the amount repayable for the equity mortgage, then (provided you have complied with the terms of the equity mortgage) the HCA will accept the balance of the sale proceeds as f
  7. Just stumbled across this and figured this was as good a thread as any: https://www.bloomberg.com/news/features/2018-03-01/britain-s-white-collar-cops-are-getting-too-good-at-their-job
  8. This is the best news I have heard in quite a while. Let me be very clear about this. Leveson's proposal was that an unelected quango should have the power to decide what the public gets to read in the press. As a member of the public, I object to that very strongly indeed. Anyone who thinks that would be a good idea is a nasty fascist dirtbag who I hold in absolute contempt.
  9. No...I went and passed my truck test so that I can drive as big a van as I please, but then got cold feet. Have spent the last year drying out and trying to do more shop arbing, for which living in London is a major advantage! I'd really like to be able to buy the van without dipping into my house deposit fund, but perhaps I'm missing the point there...
  10. A kind and noble thing to do Mrs B! No need for any justifications, especially since they sound like people keen to integrate and participate in the economy rather than people keen to sponge. One can be against the current system without disliking the people who have taken advantage of it to improve their own lot in life, and that of their children.
  11. Thanks for your very readable refresher on Futures . What led me to ask the question was this section of the Shaun Richards blog post (that I linked to originally): "Next is that one of the benefits of futures trading may not actually apply and h/t to @chigrl for raising the issue. Remember I said that allowing short selling was one of the key points of a futures contract? Well here are the rules of Interactive Brokers and the emphasis is mine. If this is in any way widespread the whole concept of a futures contract on Bitcoin may be holed below the waterline. As I pointed out ea
  12. Wealth creation is not a zero sum game. The pertinent question is whether the current price of bitcoins represents the true value of the blockchain.
  13. OK well that's fine, but if by definition someone has to be taking a short position, who is it? If it's not the punters, then it must be the CBOE? Please don't think I'm trying to be argumentative (easy to get that impression on this thread! ) , I'm almost certainly just being dim- but i don't get it.
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