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House Price Crash Forum

Red Baron

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About Red Baron

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    HPC Veteran
  1. 3.7% inflation is emphatically not low; over ten years, a relatively short investment horizon, it would wipe nearly 30% off the value of savings. Inflation is a thoroughly nasty animal which destroys savings and transfers wealth from the prudent to the reckless losers who have taken on unaffordable debt. Why should I pay for the mistakes of idiots who have paid too much for over-priced housing with mortgages they can't afford?
  2. I got out of Santander (or Sanitarytowel as some call it) a few weeks ago and persuaded my mother to close her account too. It's an awful bank with appalling customer service and a bank insider intimated that it faces solvency issues and other major problems.
  3. My bell weather for inflation is Rymans and Halfords, both of which I used often. A black cartridge for my Epson printer which two years ago was £7.99 is now £12.99 - that's an increase of a massive 63%. In Halfords everything is 10-20% more expensive over the same period. As their turnover drops due to the recession they idiotically hike prices. That's Rip-off Britain for you - needless to say I no longer shop in either place, but buy online instead.
  4. Dr. Peter Hammond has this to say about Islam. Islam is not a religion, nor is it a cult. In its fullest form, it is a complete, total, 100% system of life. Islam has religious, legal, political, economic, social, and military components. The religious component is a beard for all of the other components. Islamisation begins when there are sufficient Muslims in a country to agitate for their religious privileges. When politically correct, tolerant, and culturally diverse societies agree to Muslim demands for their religious privileges, some of the other components tend to creep in as well. H
  5. Absolutely right! King and his motley crew on the MPC have not the slightest idea what will happen, or how to deal with the consequences. They are passengers on a runaway train.
  6. Sorry, the fools who have bought houses in the last two years will rue the price they paid for another decade. They are sliding down a bannister of falling house prices in order to sever their scrotum on the inevitable newel post at the bottom of the stairs. What is wrong with these idiots?
  7. Precisely. She must imagine that we can continue to grow a 'faux economy' based on shopping and selling each other our inflated housing in an illusionary world in which halfwits like her live. The future for the UK is a very bleak one indeed. Over the last 100 years there have always been new technologies on the horizon in which the UK excelled and which would collectively pull the country out of recurring recessions: radio, plastics, radar, aviation, electronics, computers, North Sea oil to name just a few. We have nothing like those new and genuinely wealth creating adventures before us
  8. Really, what sort of a prat would pay that money for a miserable flat in Wales of all places.
  9. What part of the country is the estate agency you work for based?
  10. The Wilson's are worthless because they don't understand property cycles. Fergus is as thick as shit and seems incapable of acknowledging that wealth actually equals 'equity minus debt'. He shares this distinction along with thousands of other BTL oafs who laughably claim to be multi-millionaires yet are actually hopelessly under water. Why is it that these BTL people are always fat yobs or unintelligent and inconsequential upstarts?
  11. Liberate yourself and rent for the forseeable future. Only a big fool would buy property at the moment - it will be a lot cheaper in 2-3 years so keep your powder dry!
  12. It's about following disasterous policies designed to keep Brown going to the next election; it's about solving today's problems with those of tomorrow and damn doing the right thing. And Brown has his very own bum-boy to do his bidding - that weak sap Mervyn King.
  13. And it will be up on eBay soon. Face it, they're bust.
  14. Difficult to predict with any precision because the story from the Wilsons is constantly changing. Based on debt/equity figures they issued last year (which simply didn't make any sense) some observers reckoned their balance sheet was already up to £10 million under water. Suddenly deciding to sell the whole portfolio suggests that their lenders could be making margin calls. I reckon they are bust.
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