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House Price Crash Forum

Lander

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Everything posted by Lander

  1. House prices in Sheffield were down 5% last month Sheffield could be the ground zero of this crash IMO
  2. I think they already have Indeed, don't mean to put a dampner on things but what good is 4% monthly falls if you dont have a job
  3. Source is mostly from anecdotals form family who live there
  4. Absolutely, Sydney is heading into recession as we speak
  5. Thought this was worth posting from the Telegraph comments section... UK property bubble definition: A gigantic pyramid scheme aided and abetted by weak, indifferent governments, reckless and lawless banks, rapacious mortgage brokers, servile estate agents, and a foolish, credulous public. And let's not forget the media, which helped to blow up the bubble with all its might (for the sake of advertising revenue). And now we have the beginning of the collapse. Let the apologists point out the "lack of supply," the "weak pound," the low interest rates, etc, etc. None of it matters. Bubbles all eventually disinflate. Anyone who has the most superficial knowledge of history knows this. And I believe people will soon be showing a renewed interest in the lessons of the past. The UK property market is currently 35-43% overvalued according to the 100-year median line. There has never been a bubble like this--ever. Ergo, there has never been a crash like the one that is now imminent.
  6. UK house prices fall by record 3.6pc in a month HA HAAA! http://www.telegraph.co.uk/finance/economics/houseprices/8047664/UK-house-prices-fall-by-record-3.6pc-in-a-month.html
  7. can anyone else see the words 'Haa haaa' on these for sale signs? http://www.telegraph.co.uk/finance/economics/houseprices/8047664/UK-house-prices-fall-by-record-3.6pc-in-a-month.html
  8. What good is it cranking up the printing presses again when the debt saturated sheep are now turning their backs/unable to take on any more debt? The result will be deflation in the end, no?
  9. Looks like Thorium nuke power could be the way forward http://www.telegraph.co.uk/finance/comment/7970619/Obama-could-kill-fossil-fuels-overnight-with-a-nuclear-dash-for-thorium.html If they master this then it could significantly offset any production declines
  10. IMO, the crash will eventualy go global and we aND THE aUSSIES SEEM TO BE THE LAST MEN STANDING (YET TO SEE A 30% PLUS DROP--OFFICIALY* Admitted that is). Not long now, IR's are now on the rise, average house price is 7x income lots of people up to their neck and ears in debt and their economy is not a buoyant as the Oz media would have us think. My sister works in marketing for a leading make-up manufacturer based in Sydney and recently told me her job is hanging by a thread. If women are cutting back/downgrading on beauty products this is significantly indicative of an economy in recession IMO
  11. Economy Caught in Depression, Not Recession: Rosenberg http://www.cnbc.com/id/38831550 It was never anything else was it?
  12. Exactly, I can see similar falls coming here in the UK if IRs go up with a rattle.
  13. Just to reiterate a point the guy in this video makes, no matter how low IR's go, if you don't have a job you can't buy a home Is the second leg down starting as a result Option ARM and Alt - A timebombs now exploding as accurately predicted (FF to 9:00) in this video back in 2008? Could this next wave of repos trigger credit crunch2?
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