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House Price Crash Forum


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About Timelash

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  1. The good news: there's a house in Stephen Street up for auction with a guide price of £10,000. The bad news: it's where Angie Wrightson was tortured to death.
  2. So here I am, renting in London, working hard, saving and wishing the HPC would hurry up. Suddenly my heart is cheered by a story about Middlesbrough in The Guardian that says that house prices in Hartlepool fell 17.5% last year. And Jon Ronson writes as if that's a bad thing.
  3. Well, I'm delighted to read in The Guardian that prices in my home town fell 17.5% last year, making Hartlepool the HPC capital of Britain. I've been working, renting, saving cash and buying gold in London for years, and watching prices tumble on Rightmove for months. Hell, I might go home and buy a place one of these days. Vindication at last! Not that I'm gloating.
  4. +4 I hardly ever visit this site now, and in the weeks before you left I was mainly here to see what your take on the markets was.
  5. I know these Downfall vids are common currency on YouTube - I especially liked the one where Hitler got upset about the ending of Torchwood series two - but this one sums up the insanity of HPI brilliantly. The bank wants his McMansion
  6. In his latest YouTube message, posted a couple of days ago, Market Ticker guy Karl Denninger says that if support holds, he expects a rally that will rip your face off. For a while, anyway.
  7. I was offered a job in Abu Dhabi recently and turned it down because rents out there are ridiculous. From the sound of it, I can't see demand falling any time soon. Welcome to a costly tax-free life
  8. He has his own YouTube channel, RenegadeEconomist http://www.youtube.com/watch?v=1nttuh8oHYw
  9. There's no pressure to "get on the ladder" any more, which is great. Even nice houses can't sell. On Northgate, near where my sister lives, there are some three- and four-bedroom new builds on the site of a pub that was knocked down. They were finished in summer 2007 and to date only a couple have been occupied. The three-bedroom houses were originally £120,000. The four-bedrooms were £180,000. And according to a friend of my sister who lived in one for a short time, they're really well made. He's since moved somewhere else and wishes he hadn't. One of the four-bedrooms was put up for auction a couple of months ago and failed to reach the £110,000 reserve. "If I'd had £110,000 I'd have snapped their hand off," said my sister, who lives in a rented flat. I just chuckled and said: "They'll be going for even less in a couple of years." (Although I could be wrong. I read somewhere the other day that Hartlepool is one of the few places where house prices have gone up this year.)
  10. Ex-girlfriend. She's now met a bloke who's 20 years older than her and has tons of money, which probably didn't help my mood, though I didn't tell her that. :angry:
  11. A little background for you: About 15 years ago, when I was feeling quite low for a time, I briefly had some counselling with a psychologist. He told me I was a catastrophist. Because of bad things in my childhood (like my dad dying), my brain had got into the habit of always assuming the worst was going to happen. Armed with this knowledge, whenever I started feeling morose I could say to myself: "Stop being a catastrophist and think positively, you miserable git." This was helpful, but not half as helpful as the housefire I survived a couple of months later, which made me realise how glad I was to be alive. Fast-forward to 2006 and my discovery of this site. At last, people who think like I do about the crazy credit bubble. But crikey, some of these views seem a bit extreme. Maybe these people are catastrophists. Maybe I'm being drawn to this site by my latent catastrophist tendencies. Cheaper houses I can believe, but banks collapsing en masse? The rantings of internet nutters if you ask me. They don't seem quite so nutty any more, and that's what's spooking me.
  12. She also emailed me this advice: Stop feeling sorry for yourself (says Stephen Fry)
  13. A couple of weeks ago I met up with an ex-girlfriend to celebrate my birthday. A few days later she told me I'd been noticeably miserable, so I confided in her that the current economic crises had shaken me quite badly and that I was worried about my savings, my work, my old age, the possible breakdown of society etc. Right barrel of laughs, I was. She listened patiently but probably thought I was being alarmist. Her advice was: stop worrying, there's nothing you can do to stop what's happening and if it does turn out that badly, at least you were prepared. I suppose it depends on how severe the meltdown is. A deep recession I could probably handle, as I've the skills, versatility and freedom to go and work in Asia or something. I might have competition from people in my profession who've been laid off, but I'm confident I'd be OK. The armageddon scenario is something else entirely, and that's what's really scaring me.
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