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House Price Crash Forum


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About brunobald

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  1. Have about 30% deposit here. I’m planning on inflation within the next year. Looking to act like Covid hasn’t happened. If it looked like a good deal 6 months ago I reckon it’s worth chasing as others might not. Then bunker down and take what comes in terms of inflation. Think the whole world is going to inflate this away
  2. The decline will likely be slow. Currently sitting on my house deposit wondering if I should buy soon even at a high price as a hedge against inflation. Seems like inflation could be more important of a factor erroding deposits and might even push house prices up in the medium term.
  3. I can see the government stepping in to support the housing market. It’s the new normal, never let the prices go down no matter what it costs as the fallout is too great. I wouldn’t get too exited about a house price crash.
  4. The fact that the majority of the world does not hold bitcoin is a problem for bitcoin. Who wants to join a party where only 0.000001% get insanely rich. It doesn't take much to imagine a crypto that will sweep in with a socialist agenda and work out how to offer a fair system that rewards work and not speculation. That will change the world of currency, the bitcoin horse has bolted, the coins have been distributed and I can't see anyway of spreading them out for mass adoption. If there is no mass adoption and new cryptos for the masses and not the few then I can't see what bitcoin offers. Even the store of wealth hypothesis falls down as without a stable and fair distribution bitcoin becomes nothing more than speculation and ever increasing prices to what end?
  5. Blockchain has value. Bitcoin is more of a brand and not comparable to the internet. Not sure what will happen but when we have a situation where a very small percentage of the world holds the majority of bitcoin I can't imagine the rest of the world backing it. A blockchain that slowly expanded its use base and value would be much more valuable as a currency. It needs to be seen as a fair system otherwise what's the point apart from making a few insightful miners incredibly rich. I thought bitcoin was supposed to be a revolution not a lot power hungry pyramid scheme.
  6. A long tenancy does not address the fact that the rents are too high. I do prefer this policy over help to buy though. Higher interest rates are the only thing that will make a difference
  7. What are your thoughts on quantum computing and bitcoin. A very basic quantum computing would be able to mine bitcoin so fast it would ruin the system. Microsoft are heavily invested in building a true quantum computer ASAP.
  8. I know some businesses round here that bought large biomass systems to dry wood chips to sell to others with similar systems. They looked at the scheme and could not believe what the government were willing to pay to generate heat for their own use. The sub is well above the cost of producing the heat. You can guess what has happened, complete and utter abuse of the system. Some companies are drying wood chip well past the moisture content needed some others are spraying chips with water to make the system work harder. The sad thing is felled trees can be dried in stacks for 1-2 years then chipped without the need to heat the chipped wood to dry. Very badly thought out. I hate think much is wasted in this scheme. The only good point I can think of is the scheme has now ended but maybe more efficient biomass practises may arise from the after mass.
  9. Btl flats are in the first time buyers buying bracket. The problem now for high prices is mortgages for first time buyers are insanely cheap. I can borrow at 2% fixed for 5 or even 10 years. This is low enough and long enough to feel secure and offers a cheap enough repayment scheme similar to renting. I hope this doesn't mean BTL will offload overpriced flats onto desperate first time buyers just in time to see the beginnings of a rate rise that will have a real possibility of reducing prices. The government have so far had more power than any of us realised over the mortgage market and keeping everything cheap. I think this is mostly because every other country is playing the same game. Maybe I'm discounting the sheer scale of BTL in the last few years. Maybe a collapse in BTL will have a bigger effect than I think. I still think cheap mortgages are by far and large the main culprit in price inflation and I think we would have seen similar increases in price even without BTL.
  10. I voted to stay in the EU, but I don't like the way they are handling the Brexit. May for example why is she appealing the decision why not just have a vote tomorrow instead of appealing and having to wait months for a decision.
  11. brunobald

    Edinbugh Latest

    Seeing a lot of property moving around me, (Lower Granton road). However I am no longer alone as a sad man who bitterly condemns the property/banking system we have and its effect on generation rent. Prob the majority of folks would now agree with me. Brexit could have a big impact on Edinburgh if the banks decide to feck off, much like Aberdeen with the Oil.
  12. We are about to enter an age of genetic editing (search for: crispr), machine learning/ai (Deep Mind), Multi planet civilisation (SpaceX), Quantum computing (D Wave) I reckon we are about to see an explosion in New tech that will blow our minds, creating robots and computers that will take a lot of our jobs away from humans. Maybe there will just be less jobs or at least less of a need to actually work for us as a species to stay survive. Universal income might be useful in a world where we only have to each work 1 day a weeks to survive.
  13. Ok first post on this thread mentions 963 for sale on may 21st 2077
  14. What is the normal average number of ASPC properties for sale at one time
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