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crash test dummy

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  1. Yep, in Watton, Norfolk where I'm looking there's a huge amount. No doubt naff.
  2. Fantastic and simple argument - thanks for this post.
  3. The real residential house prices p.12 graph 2.5 shows the last crash and the eminent one to come very clearly. crash - ladbrookes have stopped taking bets, dead cert.
  4. june 2004 18% raise in prices. 18 months later a steady drop to about 0% and -3% in East Anglia. You do read the meass media, but you don't have to take their word. http://news.bbc.co.uk/1/shared/spl/hi/in_d...ml/county34.stm 2.4% up for essex. So a steady fall of 15.5% in a year, and that year was the sipps non-capital gains tax. It is happening and fast. On average 1% down a month year on year, what will it be in a years time do you think? Maybe not -12% but bad and if that does happens for 2 years the you have a 25% reduction in price. As infuriating and slow as it seems your marathon
  5. I'm a firm believer that a crash and recession are on the way, but heh, you probably all know this already, if you have read my words on this site. But I like a fair discussion on things as a reality check is a good thing. My reason for this crash / recession combi is that it will happen due to energy supply. Simply put if you run an industrial country in an industrial world such as U.K. plc. having the means and energy is an amazing thing to have for the economy. Oil is number one on the purchase list if you want to compete. You make loadsa cash and save on outgoings if you have control of
  6. Ananlagy accepted. I presume when the frog boils the medium a.k.a. the water boils and bubbles. The economy is the water in this analagy, who's cooking? And they may turn the heat down for fear of complete financial evaporasion and burning their fingers through greed. But the analagy is good, it represents the media as well, many don't realise how much shizen is thrown.
  7. Thanks Timmy - more bad mass press reporting. It is starting to bore me. Maybe the industry will change - fat chance, but it's good fun catching them out. 10/10 as for once I thought they may have been honest.
  8. Indeed, had the crash ever stopped in your oppinion or were the headlines confusing you. Oil tanker analagy is appropriate so keep in there maties (no pun intended) and understand that the press is full of mistruths.
  9. Statisstics again, when there are less of the btl brigade then ftb's will comparitively be higher but not neccessarily in numbers in fact they may be down. Keep your guard up people, as they show no references with figures to my knowledge.
  10. Reuters: King says house market picking up "At present, activity in the housing market is picking up and house prices are broadly stable and that's a very satisfactory position. Let's hope we can keep it roughly there," King said. Funny that eh. picking up to near stability, if he admits it then ther's a lot of cred. He' had 11 months to say anything and he waits for the most distorted figures to claim there's been a slump. 'At present' he does't seem to hold much hope by the look of it, we're on our way. Happy new year still.
  11. Can anyone remember reading that China have done a deal with the Nigerians for oil in recent days / weeks?
  12. Include the manufacturing sector staff as well. Apparently we can't compete with the 34p per hour workers in China. Noodles anyone.
  13. What's jobs do people think are most likely to go.
  14. Who wouldn't wish to be a BTL'er when house prices drop 30 - 40%. Us not You if you bought recently. Some will get burnt - fact as they always have. When did you buy your last 3 houses and when will you buy your next 3 houses? As an investor you are right, but remember buy low sell high, and propping the market up is no-one at the moment. So the fall will come. It's getting cheap for a 3 bed new in Norfolk yet very expensive for a 1 bedroom flat. Maybe only £20K difference at times. So New will push old down. Unless Portman will give you a 100% loan to value.
  15. What do we think could cause a rapid price drop. The whole 9 yards, I guess winter has had it's oil issues but did you know that the U.S. heating bill is higher in Summer than winter, (Air Conditioning costs), and that's a big amount. So summer makes no odds to us when oil and gas is on an open market and we have run out of the stuff. Retail and Manufacturing is down big and yes we may be loosing huge amounts of jobs - there's 25% of them employed by the govt. I read and then indirect benefits from high spending job creation on top. So what will happen when govt. spending slows as Mr. Brown
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