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House Price Crash Forum


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Everything posted by GreenDevil

  1. Thanks for the links roady. Those places have one thing in common, theyve been on the market an age, and are never likely to sell at a price anywhere near to vendors expectations. Truly absurd, especially that flat in pimlico. London property is unsaleable.
  2. Who cares? What else are they going to do? Rates arent going up. Money needs to find a new asset. Something with a yield (BTL div stocks crypto etc). Inflation is happening and rates wont rise. We arent in the old system anymore.
  3. Catching up on some house prices and it seems that the new subcription model ie £1.99 a month is blurring out prices but not doubt collecting the prices. Which is a shame as i was happy to spend my time trawling the web to get property logs prices up to date, but not for a price of 1.99 per month. So im afraid ive removed the extension. Does anyone know of another similar way to get price history? Thanks,
  4. Selling houses is the most efficient way to print money, bankers put a number on their loan book ending in lots of zeros and put it on the balance sheet as an asset. Hence why the government is so keen on housing inflation!
  5. Surely you can just print more money to pay your inflating debts if you keep interest rates at zero? Theyve clearly thought about this in depth and decided its the only way to dig a deeper hole. 🤣
  6. Its a common trait of UK governments. Sell every asset you ever own at the bottom... How many times has that happened before .... 😀
  7. Exactly. 700m, is considered small change in the current printy printy time. You have unprecedented printy printy and a world unlocking after 18months shutdown and free handouts. And they're surprised theres rampant inflation! 😀
  8. People love Boris and Rishi. Theyve been sat at home paid 80% of salary by the tax payer. No wonder they're voting tory ! 😄
  9. To add the fed think there is no risk in inflation after the world reopens and is thinking that long term the long end yield will fall mid to long term. As always the biggest risk is the job market to them. Keep rates on the floor and keep printing.
  10. The long end of the bond market prices in real interest rates not fed fantasy rates. When long end is low yield investors stick money in tsla and growth stocks. When the yield rises why put your money in risky stocks that need to borrow to pay for reasearch tech etc when a tresury bond pays a good yield.
  11. Paypal adding btc in europe very soon too. Good time to be fully invested in crypto 😂
  12. Eh, if im allowed to increase my extortion charges by up to a maximum figure, and everyones forced to pay it with threat of jail, then of course i would increase it by the maximum allowed!!
  13. You either want to or dont want too. If you escape why would you want to comeback? 😂 Stay and pay. Iom is wet. Jersey is way too expensive to get residency.
  14. Sounds great. The only problem is there aint much on st kitts for 300k. Youre probably of just getting the offshore tax staus and living in thailand.
  15. You can also buy a citizenship in st kitts for 150,000$. Which is about 100k. So on a 2mill holding you could either pay 400k to the UK taxman or buy get a passport in a tax free country and have 300k left over to buy a villa. No brainer really. I know which option im taking.
  16. Perhaps, i haven't been looking in city centres. What i've seen looks very reasonable. Compared to anything remotely countrified in the UK which is even crazier prices than cities right now in the UK. Family homes with land for 200k or less. Even in the suburbs, not miles from anywhere.
  17. Why bother. Just move to Portugal and cash out your bitcoin for no tax at all (though this might change if your time scale is many years out, you might need to choose another tax haven).
  18. Im no expert but ive looked in both spain and portugal. Yeah the prices may have risen but they certainly are nowhere near anything batshit mental we have in the UK.
  19. Creation of jobs doesn't necessitate unlimited money printing most of which goes into overpriced land and housing. Capitalism and competition creates creates jobs and wealth. Gov spending and taxing with free money printing makes people lazy. Why bother when the government will print and steal all the money you earn/create. Capitalism isn't what we have now (its communism).
  20. Why would they do that? The idea of furlough is not to pay people money fairly. If it was it would be dished out fairly and equally to all. Its about pumping money into a dying economy and mass quantitative easing. Its set at 80% becuase thats what they could get away with. Im surprised they even dropped it by 20%.
  21. Its a great time to be in Hospitality 😄 TBF though they've had it shite for many years ; low pay, poor conditions, shitty bosses so its about time they got a pay off.
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