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House Price Crash Forum


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Everything posted by Lander

  1. The bulls are usually all over any rise in asking prices reported by RM
  2. Google 'New York Faces Dramatic Consequences of Crisis' published by spiegel online
  3. Not long now before we see a new Hooverville in Central Park http://www.spiegel.de/international/world/0,1518,648448-3,00.html
  4. Ditto, a client of mine who fabricates giant flared pipes and other stuff for the oil and gas industry told me that contracts have pretty much dried up. I would have thought they'd have been ok The main driver behind a HPC IMO will be a collapse in demand which is essentially what we will be seeing in slow motion over the next year as job losses continue to soar. Unemployment levels among 18-25 year olds have reached depression levels and it's only going to get worse. Thats a huge portion of FTBers out of the game. There's also going to be a significant number of speculators and amateur LLs drop out when the public sector implodes next year and they lose their jobs.
  5. House prices will continue to soar on this news. Better buy now before we're priced out forever!
  6. Indeed, the imminent collapse in pent up demand for housing can only mean rampant HPI for the foreseeable future.
  7. Obviously not as astute as I thought they were then
  8. We were running out of oil since we pumped the first barrel
  9. This recession will be screaming depression by the end of the first quarter next year. Seems odd why some astute bears on here have recently turned bull
  10. Unemployment levels reached around 25% in the 30's depression. It's actually worse than that this time for people aged 16-25 http://online.wsj.com/article/SB125006273172925327.html
  11. People need JOBS to buy houses Anyone who takes out a mortgage for more than 3x salary in this climate must have lemming in their dna
  12. We could afford to buy it, however the mortgage repayments would be more then the rent we are paying-which means a drop in living standards. I simply refuse to buy at the current over inflated levels. We have been renting this same property at the same rates for 5 years which has allowed us to accumulate some yellow shiny stuff and put some cash away for a deposit. There is a GLUT of rental properties out there so it's not too hard to find a good property to rent at reasonable rates. The recovery we are seeing now is just a temporary artificial blip which has been propped up with QE funny money. In addition there's going to be many many more job losses to come (think public sector and retail) and more carnage to come in the credit markets when the prime and real estate mortgage defaults start to skyrocket next year. This will result in another credit famine and make it even more difficult and expensive for people to qualify for mortgages...people that are still fortunate enough to be in work that is.
  13. Quite a lot, I'm renting a new build semi located in a pleasant cul-de-sac with sizable front and rear gardens and off the road parking for 3 cars in a decent town in Derbyshire. I am 10 mins drive from the peak district --all for £420 pcm, which is nice
  14. Can you pm me a link to their site, I spend silly amounts on rc stuff, might aswell put some business their way
  15. Why would anyone want to invest in a market that thinks bad news is good news and is being heavily manipulated
  16. What recovery? All we've done is paper over the cracks with QE funny money and created an artificial blip http://www.wnd.com/index.php?fa=PAGE.view&pageId=112452 The next leg down in house prices is really going to be a shocker for some
  17. House prices can only go up in a global depression http://www.wnd.com/index.php?fa=PAGE.view&pageId=112452
  18. Tensions between the US, I-ran and Israel are reaching breaking point. If war breaks out, it could go nuclear--along with gold prices http://socioecohistory.wordpress.com/2009/10/08/an-attack-on-iran-by-america-and-israel-gold%E2%80%99s-blast-off/
  19. Remember what happened to the last middle east oil producer who threatened to ditch the $ and sell their oil for euros?
  20. http://market-ticker.org/archives/1485-September-Unemployment-ACTUAL-LOSS-995k.html Won't be long before we're seeing 2-3 million jobs being terminated per month in the US IMO
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