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Pablo-silver or lead?

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About Pablo-silver or lead?

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  1. I'm 50 so not a boomer, it's been said many times before the over 60's have all the equity and the under 40's all the debt. Its the biggest (intergenerational) debt for equity swap ever. I have mant friends and aquaintences late 20's to 70+. Heres my take: Under say 27/28 hopefully they've missed the opportunity (too young) to load up with cheap debt to buy a very expensive box, with the cheap debt about to get expensive. 28 to 35 many have (some with parental assistance) fully loaded with debt to buy a box or really streached to go the next rung to a box with an extra room (so more debt).
  2. NOT JUST SPAIN! Written in 2006 Well over a million Britain’s now own holiday homes abroad. Our love affair with owning ‘a place in the sun’ has never been greater. As ever Spain, France, Italy and Portugal are proving popular. More recently as prices have been pushed up in these countries we’ve looked further a field. To places like Slovenia and Croatia in what was the old Socialist Federal Republic of Yugoslavia. You can’t beat the Dalmatian coast only don’t dig too deep in the back garden, as mass graves are commonplace and 20,000 bodies are still unaccounted for. They don’t
  3. When we sold up in Florida (Property and business) in late 2005. Everyone said we were mad prices would keep going up because 800 people a day arrived to live in the state and that would keep up demand and prices!!!........ We soon discovered that in our move to Florida we had joined a huge multi ethnic migration. We were part of the diverse, ethnic melting pot that makes Central Florida so vibrant. It didn’t take long to realise there were essentially three components to this mass influx to Florida. The first is Hispanic, from Puerto Rico, Cuba, Hispaniola (Haiti/Dominican Republic) and Cen
  4. Understated well-off Brits = Old Money Current Sandbankistas = New Debt As they say, You can't buy class!!!
  5. Between 1989 and 1993/4 i.e. GC1 prices fell 40 to 50% (nominal) on Sandbanks, Branksome Park and Canford Cliffs etc. This time they're puffed up even higher at the peak as nearly all have been purchased using leverage based on business wealth based on leverage.........in a massively de-leveraging world.... It will be carnage! Pablo Silver or Lead?
  6. Between 1989 and 1993/4 i.e. GC1 prices fell 40 to 50% (nominal) on Sandbanks, Branksome Park and Canford Cliffs etc. This time they're puffed up even higher at the peak as nearly all have been purchased using leverage based on business wealth based on leverage.........in a massively de-leveraging world.... It will be carnage! Pablo Silver or Lead?
  7. When I lived in florida in 2004/5. I predicted to all who would listnen that property prices were unsustainably high and they woul fall 35%. To a man/woman they all said prices would not fall in Florida. One of the reasons put forward was that 800 people a day moved to florida and that would keep prices high. I pointed out that at least half of them were econmic migrants from The hispanic Caribbean and South Central/South America and a quater of them arrived from the poorer cotten and rust belt south and mid-west areas of the USA. You would see pick-ups loaded with kids and kitchen sinks driv
  8. Please feel free to correct me. In the last crash (1989 - 1993 ish) and on a nominal basis was not the average fall (for the UK) only circa 17 %? (It was only on the ground in the real world that you could buy hundreds of thousands of properties at circa 25 - 50% (not taking into account inflation) below their previous peaks). So this time just 8 to 12 months in and we appeard to be at -12.7% and by Xmas we will surely be at -17% yoy, surley it is genuinely going to be much worse this time, in terms of peak to bottom nominal falls?
  9. The last crash circa 1989 to 1994 saw the country split in half. London/SE, South West, East & West Midlands and East Anglia all fell the most as they had risen the most. Prices in Scotland and the North East & West of England continued to rise (for 18months or so and did not fall as much when the 'ripple' from London hit them) even as prises in the lower half of the UK fell. This had a smothing effect on the UK average price stats. This is why despite their being hundreds of thousands of properties in London/SE, South West, East & west Midlands and East Anglia for sale during 19
  10. I think the way things are going in the media and on the ground (the sheeple are waking to the reality) that by Jan 2009, -25% from peak late 2007 to end 2009 will be the generaly accepted widom for bottom. However as in the last crash as sentiment turned, the depth and time frame for reaching the bottom kept shifting out and down. So -30 to 35% is distinctly possible, and by Jan 2009 -50% forcaste may be the current -35%!!! Pablo Silver or Lead?
  11. WaitingToUpSize Thanks for the explanation. Pablo Silver or Lead?
  12. Amidst all the gloom of the FTSE today, all three B&B shares were among the few that rose. What are the two B&B shares with figures 11.625% and 13% behind them. They seem to go up 5 pounds each day! To see them select the FTSE all share and scroll down to see 3 B&B's http://www.moneyextra.com/stocks/atoz_a/
  13. Not sure about expensive trophy houses in areas like Sandbanks (even second and third homes) being bought for cash! In my experiance the people who purchase these are very highly geered indeed, OPM and all that!
  14. From DORSET to Disney! Hurricanes, Huckster’s and Hillbillies Two years in Orlando! In January 2004 I along with my wife and twelve year old daughter joined the tens of thousands of other Brits heading for a ‘Place in the Sun’. After considering the, simpler, rural, laid back ideal ‘offered’ by the usual suspects, of France, Spain and Italy, we eventually settled on the Southern USA. Orlando Florida to be precise, in the shadow of Walt’s World, the home of the Big Eared Mouse’. We had unwittingly stepped onto a cultural reorientation and learning curve so steep as to make a shuttle launch
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