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House Price Crash Forum

ucnvpe0

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Posts posted by ucnvpe0

  1. 25 minutes ago, IMHAL said:

    Must be all those new immigrants from the EU doing it :)

    Good job we voted Brexit¬†ūü§£

    Your post reminds me of my favourite EU-themed poster on here - Spyguy. Something in the lines of "80% of people from the EU are on benefits"

  2. 33 minutes ago, Cocha said:

    It's like the heady old days of the mid noughties again. I wonder if the Radio 5 Live presenters still spaff themselves unconscious when reporting such figures.

    Yes. Instead of focusing on a house price crash, now there will be people hopeful of prices getting back to 2019-2020 levels. 

  3. 1 hour ago, dugsbody said:

     

    But they stood to make a truly life changing amount - they did not know that but they had the suspicion. Their £1000 is now significantly life changing.

    But someone starting now, if they put in £1000, do you think it will ever be life changing? I don't. I think you have to put in upwards £100k for that, in a similar timeframe. And even with the absolute risk lower, the relative risk feels a lot more. And, not everyone has £100k sitting around.

    Yes, we agree, the early adopters were the ones pushing the technology forward and they got the rewards for that. No problem with that. But it isn't the same thing as now having to risk £100k+.

     

    That's why many people have some alt-coins in their side pot. Nobody knows where any of them will be in 5-10 years.

  4. On 10/04/2021 at 21:15, Mikhail Liebenstein said:

    There is a talent squeeze on,  I can confirm this. Part of the problem is that the UK seems to have precious little talent outside of Russell Group graduates.

    I'm currently looking at some work on implementing homomorphic encryption schemes for cloud based workloads. Can you find graduates who can handle multi-dimensional  Octonion algebra and also code? Nah...

    I forgot to ask, how much are you offering?

  5. 7 minutes ago, yodigo said:

    Arghhh, the IT "attitude" in full force... small mindedness is rampant in the industry. Full of 'I know it' types, and as you don't I won't give you a job.

    https://en.wikipedia.org/wiki/Homomorphic_encryption

    The idea was first floated in 1978 and it took over 30 years to produce a solution that was feasible to use. And you expect everyone to know about it??? 

    All that just to be given wages a pittance relative to house prices I bet.

  6. Average house price hits new record high as market picks up momentum in March. 

    “A year on from the early days of the first national lockdown, March’s data shows that house prices rose by 6.5% annually, or £15,430 in cash terms. Casting our minds back 12 months, few could have predicted quite how well the housing market would ride out the impact of the pandemic so far, let alone post growth of more than £1,000 per month on average.

    Even Halifax are surprised!

  7. 1 hour ago, Bruce Banner said:

    So many VIs, aside from denying that they are VIs, delight in harping on about "paying money into your landlord's pocket" or "paying your landlords mortgage. This one (not you), in all his various incarnations, is no different.

    The VIs are the people on here funneling their rent to BTL landlords and suggesting others do the same for years on end!

  8. 3 hours ago, spyguy said:

    Typical  deposit is ~20%.

    You are not going to get many people in their 20s taking on a mortgages.

    Chuck in 40% goign to University, and people are going to well into 30s before theyve start earning much.

    Thats why average FTB is now mid 30s.

     

    Look at the proportion of FTBs that have BOMAD. I think it will be much higher than you imagine. There are plenty of boomers gifting deposits.

  9. 3 hours ago, Huggy said:

    A few more worrying things in there as well as flag burning.

    "The PSHE curriculum that had previously focused on white British kings and queens will also be updated, said Mr Smith, to one ‚Äúthat will address contemporary issues‚ÄĚ."

    "Students staged a walk out on Wednesday in protest of the uniform policy and the school’s failure to adequately respond to the Black Lives Matter movement. "

    ""ain't no black in the Union Jack"."

    Maybe we should just adopt some kind of black flag, with possibly some middle eastern style writing on, in order to 'adequately respond' to these BAME issues.

    It's all a distraction from the real issues in Britain today (i.e house prices, wages, low interest rates).

    The large majority of people (all colours) get on with their daily lives as best they can. At a basic level, I think people just want to look after their loved ones and have a roof over their head. 

  10. 20 minutes ago, gruffydd said:

    And that applies everywhere I know in Europe right now: http://www.davidmcwilliams.ie/stay-away-from-the-irish-property-market-it-holds-no-value/

    It really is at peak dysfunction. And some people are being sucked in just as it's about to hit a wall... 
     

    Alternative to people paying their landlord a high proportion of their income for another year?

  11. 18 minutes ago, Postman said:

    From around 2010-2013 decent houses in my area were still affordable for me and my partner. 

    They've since gone parabolic. 

    We've had 11 years of the Tories, at some point we have to stop blaming Tony Blair and Gordon Brown for everything. 

    There is a notorious poster on this website who pins almost every HPC problem to Gordon Brown ūüėĄ

  12. 1 hour ago, TheCountOfNowhere said:

    I'm watching the current asking prices outside of London with some disbelief, I am seeing 50% rises in 12 months.  

    It's probably the most insane thing I've seen since 2000 wrt to house prices.

    Someone said that it's like 2014 boom time in London again.

    I'm just wondering if the cash rich boomers are taking their money out the bank due to practically 0% on savings and pouring it into the housing bubble...borrowing the TermFunding money that's forced them to take their money out the bank in the 1st place ?

     

    Got any links as examples?

  13. 12 minutes ago, Sprrite said:

    There is an issue with income inequality but I actually think wealth inequality is a bigger factor whether you can buy property. A lot of your life chances are influenced by our parents socioeconomic status.

    People who can access the BOMAD or other sources of capital already have a distinct advantage in life over those who don't.

    From my own view, I come from a working class background from Northern England (rust belt town) and I now work in the City of London which is very different to my parents working in factories. The problem I've always had is Capital since I can't access BOMAD (since they poor) and getting a deposit together.

    I know people who earn less than me but have managed to get on the property ladder since they had access to Capital. 

    Wealth plays a much more important role than income in my opinion. It effectively means you can be a few steps ahead of others who don't have wealth.

    Agree 100%.

  14. 2 hours ago, MonsieurCopperCrutch said:

    Honestly with your negativity I am actually surprised that you managed to hodl for 7 years. You're even talking like a nocoiner now. ūüėā What a transformation emptying your bags makes. ūüėĀ

    Sounds like he might be doubting whether he did the right thing by cashing out 100%. The sudden sense of panic seems odd for a HODL.

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