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House Price Crash Forum


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Everything posted by strbear

  1. http://www.ft.com/cms/s/0/b58d03ee-6dfc-11...00779fd2ac.html
  2. It's also interesting to note that whilst he has been proven right in the end, he like many on this forum were "a little early" calling the US sub-prime issue - at least the majority on here can claim to be in line with someone who is now held in high regard by the city. Who is giving us our bonuses this year, Regards SB
  3. BB I'd agree - if you take the view that anything over 3 * salary (2.5 * joint) and over 90% LTV is sub-prime then I'd guess most mortgages are sub-prime - somone on here must have some numbers for what that proportion might be? Even the industry recognise over 20% (£60Bn) of 06 mortgages were specialist (sub-prime?) Anyone got the accurate figures to hand Regards SB
  4. Pimperne1, Actually I post on a variety of issues (some even on the UK market) but as everyone knows (well I thought everyone but you've proved me wrong) that what's happening across the pond is very relevant to what will be happening here in 6 months so please read them for "background information" and in time I think you'll be surprised how useful they are. Of course continue to enjoy my UK based posts as well, Enjoy SB
  5. Bobsta Its yes and yes - I don't agree but I don't run the MPC SB
  6. And before anyone suggests it I don't mean a bunch of arty types singing to save the poor of Africa - I mean the brand name of a plaster! SB
  7. http://www.bloomberg.com/apps/news?pid=206...&refer=home Ben flew in on a Chinook but dropped a band aid . . . . . Its no where near over yet, SB
  8. Umm - what does that mean for the other brokerages? http://online.wsj.com/article/SB1190061260...p_us_whats_news Good night SB
  9. Financial stocks lead the decline . . . . . . Lets hold off with the Black thing for a while and see what happens later before getting too excited. SB
  10. http://business.timesonline.co.uk/tol/busi...icle2469491.ece Looks like its debt in general thats the issue, Enjoy SB
  11. http://www.ft.com/cms/s/0/31207860-647f-11...00779fd2ac.html More bear food and its not even Monday yet, SB
  12. Without being too melodramatic; 1) Your house isn't sold until you exchange/complete - has the purchaser got their mortgage in place yet as its just got a LOT harder? 2) Most people on this site think house prices will fall between 20 and 50% in the next 3 years - so why buy now? 3) Rents are cheap when compared to mortgages - so rent a better property than you can buy and let someone else take the loss 4) The saying "rent is money down the drain" doesn't apply in a falling market Choice is yours, Regards SB
  13. Thanks Madasafrog. FP - Good job - balanced, rational and a good start to everyone's Sunday SB
  14. To be honest its been obvious for a very long time but at least the press are now stating it too - its going to come off the rails in a very big way - just drive down Whitehall road and you rseing the slums of the future right there. Ho hum SB
  15. I'm going to say I am a realist - the market will crash but here is the rub - everyone is looking to the fundamentals to see when it will collapse and thats not where it will be seen - sentiment is the key - we're starting to see broadsheets carry a bearish message and once the tabloids do the same the wheels will come off very quickly - the crash is starting but like any system the measures will take time to come through and be seen - we've all been predicting it for long enough - we are right and it will happen. Should have seen the face on my new neigbour when I told him the £900K house he has just bought might be worth £450K in 3 years time - not what he wanted to hear and we won't get invited round for drinks - ho hum - keep the faith we're almost there SB
  16. Ummm - not sure about that at all - Skipton's gone up quite a lot but I'm not sure its gone yuppy-ish just yet - how many people want 2 bed flats (with flat screens) in a Yorkshire market town? I'm guessing 50 - so what about the rest of the properties? SB
  17. One thing sticks out to me - they claim that flats are the fastest growing type of property up over 15% this year - now that does not sound right at all to me as flats in this area (Leeds/York/Wakefield etc) are not selling (at all?) and certainly prices have been falling over the last 6 - 9 months so how comes they are tha fastest growing? I suspect its something to do with asking vs sales prices and does not take into account other discounts? Anyone care to comment? SB
  18. Ummm, all that money to follow the crowd? SB
  19. Funny how hindsight is now going to be the msjor talking point - everyone knows whats going to happen its just people pretending they knew SB
  20. http://news.bbc.co.uk/1/hi/business/6990822.stm
  21. Of couse it couldn't happen here! http://online.wsj.com/article/SB1188518385...p_us_whats_news SB
  22. GOM To be honest that is now becoming my biggest fear - the bubble has gone on for so long when it comes off the rails we will all be hit whether we have been prudent or reckless. A correction in house prices that allows me to buy a nice home that I want is fine - a depression will not be good for anyone - its turning too black for my liking. SB
  23. http://www.telegraph.co.uk/money/main.jhtm...1/cndebt131.xml Another step in the right direction . . . . SB
  24. http://business.timesonline.co.uk/tol/busi...icle2358099.ece RB 1 - Bulls Nil SB
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