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House Price Crash Forum


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Everything posted by Drifty

  1. I don't know what's worse...the Tory government or Southgate's tactical ability and substitution decisions.
  2. I'm having a fun drinking game on the word "honest"
  3. That's a great looking climbing frame for the kids. Just needs a swing.
  4. Welcome to the end game. This is exactly what happens when sentiment about a fiat currency goes to zero because of all the money printing. Currency gets moved into hard assets (aka gold and silver) in a final push to save your wealth before hyperinflation kicks in.
  5. Wallstreetbets (the group behind the recent Gamestop short squeeze) are eyeing up silver. Two fingers up to JP Morgan. This would probably be the thing that initiates the great reset. A big challenge though. https://amp.reddit.com/r/wallstreetbets/comments/l68ill/the_biggest_short_squeeze_in_the_world_slv_silver/
  6. Supposedly silver is one of the next targets after Gamstop.
  7. I can't believe what has just happened to Gamestop share price over the last couple of days. It just seems to be another crazy thing just before the shtf.
  8. Can we have a third option for "feck the EU, we should join Russia and China"?
  9. I don't know how credible this is but they are predicting a decreasing of 6.2% in first quarter of this year! https://propertyindustryeye.com/house-prices-set-to-fall-sharply-in-q1-2021/
  10. But over on this side of the Atlantic, we get stories about mortgage rates going down. https://www.dailyrecord.co.uk/lifestyle/money/new-mortgage-rate-cuts-23309630
  11. To Paperchase https://www.paperchase.com/en_gb/somebody-will-miss-you-leaving-card.html Lots of love, HPC. xoxo 😃
  12. It's mental. Try Flesh and Blood trading card game. Up 1500 to 2000% for first edition boxes. And this is a game from New Zealand that's 2 years old and has only just arrived to the rest of the world a couple months ago. It's gone crazy because people see Magic the Gathering and Pokemon and how original cards are now worth huge amounts. So small people buy some to save but then whales buyout all the stock and the price doubles overnight. Then more whales come in a higher prices to buy all the stock and then it doubles again. With crypto, the similar thing happened to XRP because Bitcoin has massively increased in value. So XRP was at $3 a coin a couple years ago. It then crash to nearly $0.10 earlier this year. Then people went crazy in October/November and it rose to $0.8 and people were saying it's going to shoot to the moon and be worth $10 by end of next year. It's now crashed again and is currently at $0.2. But the common thing with everything today is that people think the only way to make money is essentially to get someone else to pay for it with their hard work - whether it is a house, shares, collectibles, etc...
  13. I'm going with reduction by 10% in 2021. From my banker friend, they are modelling internally at -15% by the end of 2021 before going back up.
  14. I worked in the public sector for 10 years after graduating university. There were many good people but there were also many trash ones - especially in management, HR, IT and HQ. The bad were clearly overpaid; produced little to no value; constant bullying, harassment and discrimination; a lot of time spent on pointless meetings, poor technical skills/capabilities, etc. The good people were constantly overlooked for promotion because management were always in self preservation mode (i.e. didn't want someone who was better than them). No pay for overtime. Also huge amount of money was wasted because they knew the government would just pay up so why bother trying to save money with innovation. The good people then end up leaving and going elsewhere or they say "feck it, I'll take all the shite from others and do the bare minimum to get by". Luckily, I've managed to get out of the public sector and will be starting a new career in the private sector in 2 weeks time.
  15. Is there anyone going to the employment tribunal for bullying (and then possibly discrimination, harassment and victimisation depending on what happened) against Patel & Home Office?
  16. I'm surprised by how many comments are saying 10% off is a standard offer or 10% off is actually generous.
  17. Is this a sign from the gods? Sold in March 2020 and now back on the market at 5% lower than their purchase price. https://www.zoopla.co.uk/for-sale/details/56940250?search_identifier=ecc1b172facc30982e57f374b83041a6
  18. I had a look at other properties and it seems like the EV is around 5 to 10% lower than asking prices. I think on that example, the EV is crazy. Could that be because the last sold price was in 2004 and they clearly overpaid so the EV ended up being astronomical?
  19. Thanks for that. That'll help me when searching for my first property. However I did randomly look at a house that's on at £420k but the EV is £520k on that website you've linked.
  20. I can buy that house for £300k or spend £450k on a similar house in Milton Keynes. It's a bargain...<end sarcasm>
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