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Crashman Begins

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Everything posted by Crashman Begins

  1. Hahahahahah hahahh Not nice when someone turns your words around & try's to put people against you IS IT ??
  2. TheC*unttOfKnowWhere get off this forum with your It will take a major event to lower house prices crap !! House prices will crash without a major event . Stop trying to scrare everyone into buying We can spot a troll on here from miles off !! Don't listen to him HPC I smell a snake !!!!
  3. Hehhhehehe I see a pattern developing here
  4. Just out of curiosity if I Sold to rent, taking PROFIT would that be more acceptable for you guys ? I know a lot on this forum have done so.
  5. Congratulations Nice to hear some success stories. Glad to see what can be achieved with some positive thinking ; )
  6. If I ever do... I'll be sure not to Mention anything on this forum : ) Lesson learned.
  7. Wow Guess a guy can't say thank you around here I'll be eagerly waiting for some of the posters on here to buy so I can call them names. Maybe you'd all like it if I was up to my eyes in debt and being re possessed ???? Hahahha you've made me laugh.
  8. Just saying thank you ! That's all You would have asked / searched for the juicy info so I provided it straight away. I hope you all find happiness going forward. Because it's tough out there.
  9. I would like to send a Gigantic huge thank you to HPC forum posters & especially the posters who posted from 2004 onwards leading up to the crash. Thanks to Realist bear ( For continually posting through 2005-2008 false boom) Dr Bubb, Eric Peebles, & all the others. Most importantly CGNAO. The housing market moves with financial markets, so to understand Where prices are going, you've got to pay attention to what the markets are doing & where the money is heading. Whether it's up or down. I found this forum in my early twenties around 2004 (Youngest HPC member ever / at the time ??) not even knowing how a mortgage worked. I was a complete brainless sheep enjoying my youth. Fast forward 7 years I managed to defy the trend for people my age & purchased a lovely home for me & my family near London roughly 3 years ago. It's been blood sweat & tears along the way & I've learned that you can't share your financial plans with people due to jealousy, interference & greed etc My advise for any 1st time buyers reading this would be to do your own research ! Don't just follow one set of ideas as that represents just one view. I subscribed to different sources, followed many investors on YouTube, took note of many posters ideas & made my own decisions to suit my needs. That decision meant that I bought smack bang at the bottom of the double dip recession, even though lots of posters told me not to. Seems like my theory was spot on. Buy at the bottom of an expensive area to protect yourself from A falling market. THREAD HERE : http://www.housepricecrash.co.uk/forum/index.php?/topic/168400-whats-your-opinion-1st-time-buyer-buying-at-low-end-of-wealthy-saught-after-area-near-london/ I'm now looking at 100k+ equity which is crazy. This is not a goodbye thread, I'll still be lurking & reading occasionally Anticipating the 2022 crash. (My prediction) Best of luck to all for the future Crashman Begins
  10. JP Morgan = the monopoly man http://www.ukcolumn.org/sites/default/files/forums/morganmonopoly.png
  11. Is the triple dip still on the horizon ? Lots of reports that the latest price rises are unsustainable ? Interest rates to rise ? HPC forum members If there is a triple dip , one more entry point to buy, will you ?
  12. Crack up boom ? What is a “Crack-Up Boom?” Von Mises explains: “‘This first stage of the inflationary process may last for many years. While it lasts, the prices of many goods and services are not yet adjusted to the altered money relation. There are still people in the country who have not yet become aware of the fact that they are confronted with a price revolution which will finally result in a considerable rise of all prices, although the extent of this rise will not be the same in the various commodities and services. These people still believe that prices one day will drop. Waiting for this day, they restrict their purchases and concomitantly increase their cash holdings. As long as such ideas are still held by public opinion, it is not yet too late for the government to abandon its inflationary policy.’ “But then, finally, the masses wake up. They become suddenly aware of the fact that inflation is a deliberate policy and will go on endlessly. A breakdown occurs. The crack-up boom appears. Everybody is anxious to swap his money against ‘real’ goods, no matter whether he needs them or not, no matter how much money he has to pay for them. Within a very short time, within a few weeks or even days, the things which were used as money are no longer used as media of exchange. They become scrap paper. Nobody wants to give away anything against them.
  13. http://metro.co.uk/2014/05/16/property-buyer-registrations-up-82-in-north-london-since-2013-4726395/ Buyer registrations up 82% in north London since 2013 The north-west and central London property market has seen phenomenal amounts of activity with huge demand for properties in recent times. In the first quarter of the year, we saw an increase of 82% in our buyer registrations compared to the start of 2013. During the same period, we saw nine prospective buyers register for every new property instruction and in particular we have been inundated by cash rich buy to let investors, as well as first time buyers making the most of Help to Buy and mortgage availability. These buyers are particularly active in Crouch End, Islington, West Hampstead, Highgate and Muswell Hill and are mostly looking for properties under £500,000. Indeed, these sales accounted for 16% of all transactions across north-west and central London in the last six months.
  14. Yes have been overpaying as much as possible & will continue to do so until the bank announces an increase in rates etc, which we will then take as a sign to get another fixed rate.
  15. My decision to buy was one based on years of observation. I found this site in 2004, watched a boom happen in 2005/6 where a crash was expected. Waited patiently for the 2007/8 crash & missed the bottom of it (in London) by 6 months due to rich Londoners & bailouts etc Then due to a few setbacks was able to buy in 2011. Luckily I managed to buy smack bang at the bottom of the double dip recession that never happened. & am now looking at close to 100K equity. I'm no bull but I learned to listen to multiple opinions over the years & my urge to buy near London before a printy printy boom was 100% spot on. I'll take my chances with a property near the heart of the fiat money empire.
  16. Yes, & I'm betting that the financial markets will remain the same for the next 5+ years.
  17. http://uk.mobile.reuters.com/article/idUKKBN0DI0NY20140502?irpc=932Overheating? London sets record with 140 million pounds apartment Sale Fri May 2, 2014 4:26pm BST POLITICAL THREATS The wall of money chasing a finite amount of property has sent luxury London prices soaring almost 80 percent since 2009, and while plutocrats' ostentatious purchases grab the limelight, prices have rocketed even in poorer areas. Prime central London house prices have risen 79.4 percent since March 2009, against a 40.6 percent increase in Greater London house prices over the same period, according to data from Savills. Candy, who with brother Christian started out in 1995 with a 6,000 pound loan from their grandmother, said the main risks to the market were changes in government policy, a rise in interest rates or oversupply at the top end. Changes in govtment policy - not going to happen Rise in interest rates - not any real rise (printy printy) Oversupply at the top end - I've seen so many new flats being built in surrounding areas of London & still being built that I think they're leaving the top end well alone.
  18. Don't forget that the sheeple have had a good few years to now save for a deposit. Part of the sudden crash was the fact that a deposit was needed. Within a year or so the sheeple were back in the game.
  19. Do you guys actually know people / home owners in London ? There are so many people wanting to buy in London that If prices crashed like in 2008 they would bounce back up within 8 months max. Believe me I witnessed it happen before the bailouts / zero interest rates started.
  20. Plan B activated 2.5 years ago Buy our 1st time buyer property near london to ride the bankers / city wealth wave upwards. Instead of that bigger house with garden on the outskirts.
  21. CMON HPC'ers ! You know that the bankers run the show ! Or you should do by now. This isn't the real list
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