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Crashman Begins

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Everything posted by Crashman Begins

  1. Can't fault it makes sense, charts make sensemble. I think I'll be close with my prediction for a 2020 crash
  2. Yes price rises also mean that your loan to value goes in your favour helping you to get better mortgage... but we don't like balanced arguments on here lol
  3. I bought 5 years ago on brink of the double dip that never happened. Bring on the falls I need to up size My only advise would be to new HPCERS is research your BUY trigger otherwise you'll miss the entry point
  4. BTLERS are bad on HPC... but sold to renters are okay apparently
  5. Chinese tycoon Guo Guangchang detained by police One of China's richest men, Guo Guangchang, has been detained by police. His company, Fosun International, confirmed on Friday that he was assisting authorities with an investigation. The confirmation followed reports that he had gone missing. Financial magazine Caixin said that staff at Fosun had been unable to contact Mr Guo since Thursday afternoon. Fosun, one of China's biggest private conglomerates, halted trading of its Hong Kong shares following the reports. The company said that its shares would resume trading on Monday. Fosun said that Mr Guo, 48, who has been described as China's Warren Buffett, was still able to be involved in major decisions. It was not clear why police had detained him ?
  6. ended up with a 2.34% 2 year fix, which cost nothing. Now need to up size lol
  7. And more to take the cheap jobs, rent off landlords and fuel the property pyramid And then we'll curse them like it's their fAult they're over here
  8. I've noticed that owners who are happy with thier equity / or paper Gains on their property get heavily ridiculed for discussing their equity etc but sold to renters on this forum (some who didn't really need to sell) seem to be let off even though they have used the ladder to make gains & want more. Discuss , especially 1st time buyers
  9. My mrs wants to buy a bigger place just like she wanted us to buy in 2007 Her timing to buy at a top is amazing Gold & silver at Rock bottom prices Credit binge in full effect around me. People holidaying all the time like its a good investment ?
  10. The recession is still to fresh in the minds of the public I say the Next recession will be 2020+ I can't talk for the older crowd except to say I know a few old time landlords who were fine before recession & are stil fine today. To me this feels like 2006. Anyone buying nkw is buying on a shared ownership or far outskirts of london. money now being spent by youngsters On big / new cars on credit. Everyone copying each other but not realising a lot of these kids have wealthy parents. Lots of youngsters living at home going out spending ridiculous amounts on booze, holidays, clothes Lifestyle. Kids are now not a consideration until mid/ late 30s Yes plenty of lambs to the slaughter. Just more time needed to herd them all in
  11. The market crashes when it's ready to. Not when you say it should It crashed in 2007, Next crash due 2019-2022 when the masses have forgotten about everything and are spending every penny On crap. Kind of feels like it now but there's more room to go next time round. Like I said time and time again. I barely even saw a crash on the outskirts of London. The next crash will take more prisoners.
  12. If it's financially right go for it. Don't let your life be put on pause for money & property As you were born without it & will die without it. remember a crash only lasts 5 or so years max, look at the length of the previous ones. IMO The next crash will happen 2020 - 2022 , which falls into the every 10-15 year pattern
  13. Thx didn't think if it that way. I'll have to consider a tracker as I don't expect rates to go up anytime soon. Why would the banks need to give everyone interest when they make money from thin air anyway and don't need to pass these low rates on to homeowners. But what if rates do rise... Don't know I can take that chance.
  14. Hi all I have 65% LTV on my mortgage - what should I do next ? Currently have a repayment mortgage at 3.99% Since buying. Can't really afford to overpay in the next few years. Is now a good time to fix for 5-10 years as rates are getting lower or shoud we stay as we are Expecting lower rates to come etc ?
  15. So it's not just foreign investors blindly piling into london after all ??? You mean wealthy young Londoner investors actually exist ??
  16. West London Prices higher than I've ever seen. Restaurants, bars, clubs, new cars, modified high end cars, fashion etc still booming But.... I sense a squeeze at the higher end of the life. The baby boomers are feeling a pinch. Next crash 2025.
  17. This crash has been painful to many HPCers because they only believed one thing & only read one forum. I was a bear for a long time but had to grow some bull horns When I saw little / no sign of a recession around London. When deposits had to be out down all of a sudden I guessed that it would take joe blogs round London maximum of 2/3 years to save for a deposit. I would advise anyone who thinks London will crash to seriously take a look at the wealth the youngsters have To spend on a fri / sat night around town and in bars etc Big cars, big money, big wallets and that's NOT inc the bankers etc
  18. Heheheheheh careful a lot of em post on here too & will attack you of you mention that you bought Within the last 4 years.
  19. The greatest trick the devil ever pulled, was convincing the world he don't exist.
  20. Wow !!!! so you attack me as a 1st time buyer who scrimped & saved for over 6 years for my deposit ....Driving old cars and sacrificing everything blood sweat & tears And then you have the cheek to buy brand new cars & complain that house prices are too high for you. You need to check your priorities !!!!
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