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House Price Crash Forum

AFineMess

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About AFineMess

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    HPC Poster
  1. It does look quite mad. I've heard other people on this forum saying that banks don't want defaulters - but why is this? If you miss the payments, the home is simply repossessed by the bank and resold. I would imagine it would be far worse for them to miss out on market share than to have the last crop of purchasers default - especially as they are all essentially in the same boat. Is there a big downside for lenders to offer secured loans irresponsibly?
  2. I think we will see a generally confusing picture across the country. Everyone will seize on the bit of news that supports their particular theory. I don't think we will be seeing any large rising trends anymore though, although individual areas might experience that. What's interesting to me is how much sentiment overall will be affected in the market by a prolonged period of uninspiring growth, at or around the point of being at "official" inflation. Then it stops being seen as a gravy train of easy money, and starts to look much more like what it really is - a huge debt.
  3. I don't mind ads to support the site, but the ads masquerading as posts in the forum are intrusive and annoying. They break the flow of the thread on every page and feel a bit deceptive - almost like spam. It would be like going to a pub and having an advertiser throwing things into your conversation. No one minds the ads at the bar, on the walls of the pub, on the TV screen, in the toilet, etc. but you don't want an advertiser directly intruding on your conversation. The web might be different to the real world in many ways, but there are some rules of acceptable behaviour that still translate reasonably well. EDIT: or let's take a google analogy, since they're providing the ads. How popular do you think Gmail would be if it popped advertising "emails" into your email threads? Oh no - hang on - that would be called spam - for a very good reason!
  4. Anyone else noticed that the percentages always add up to more than 100%? If that's an example of Yahoo finance's calculation abilities, remind me not to ever use them for anything other than entertainment
  5. It reads very well, but it's just too long to send to your MP. Simply asking for their views on your house price thesis, some of which may or may not be correct, and some of which is anecdotal, won't get a useful response. They'll probably just reply to you with generic details of their housing policy. If you want to get them thinking and have a chance of getting an interesting response, try to aim for a single page that expresses your concerns. Ask for a direct response to no more than one or two key points, clearly expressed at the end. You can always include references to further reading if they're interested - e.g. links to government statistics, research, etc.
  6. Errrm... well, to be fair, you've said quite a few things on here that were just plain wrong, even if your overall prediction of no crash is correct so far. You spin it with the best of them my old son Fair enough. I agree the desperados on here mislead people with false hope - all this "it's just around the corner" nonsense that's been spouted endlessly for ages. Every last bit of bad economic news being the trigger that's going to realise their dreams. Of course, that's not to say there won't be a crash either, just that I think you have to make your plans based on what's actually happening, or what's reasonably likely to happen, and not what you'd like to happen.
  7. I got a very good response from my MP on the issue of identity cards. Of course, that's a mainstream political hot potato, and houses aren't quite there yet... but they will be
  8. See, that's what scares me. She's a daft mare alright, and obviously so is her husband, but they take in 50k between them. This is only a bit less than me and my partner take in. So either we are also daft mares (possibly true), or on average it really doesn't make much difference to your outlook if you're a daft mare or not (probably true). Other than I am not in debt, that is But I don't have a house :angry:
  9. True. Or nothing actually ends up happening and everyone forgets about the little warnings. I actually think it's the former in this case, but that's how the game is played.
  10. It's amazing the difference. I couldn't wait to leave home at the earliest opportunity, and neither could anyone else I knew. I'm out-competed by you guys - there's no way I could, or can, save like that. It kind of makes me feel sad, until I think what living with my parents until that age would have done to me Anyway, good on you for being clever with your money. I'm trying to catch up
  11. I've just been reading a lot of stuff in the main forums discussing whether a "new paradigm" in house prices exists, and whether values have fundamentally changed for house prices. Right now, I'd like to set aside all the arguments about how bubbles always involve these things. Are there examples in the past of quick and fundamental - or at least very stable - re-evaluations of value in the market place?
  12. What do you mean by a warning that rates may fall? I'm no financial expert, so who is being warned, and what are they being warned of? It seems to me that there's nothing much going on here. Mervyn warned about overvalued houses last year too. The market is being primed for what's likely to come up, to avoid sudden shocks to the system. When the leaders start saying what a lot of people already knew, then it definitely gets priced in. But of course, and quite sensibly, no guarantees are made. All the people who over analyse every last statement (I suppose because they think there's someone who knows what is going to happen) are missing the point.
  13. I know what you mean. I took a 40% pay drop 3 years ago and it was tough, for about a year I was slowly sliding into debt. Eventually I realised that it's not the big purchases that get you, it's the daily little ones. I readjusted, and i can honestly say that my general quality of living is about the same - except for being able to buy a house of course! Now I'm roughly saving about £2-300 a month, and I'll do even better once I kick my appalling smoking habit. By the way, I love your sig - it's also my motto.
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