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House Price Crash Forum


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About ChinaReader

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    HPC Regular

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  • Location
    Here and there
  • About Me
    I'll watch the little graphs go up and learn enough Mandarin that when China buys America (in cash) I can be a waiter instead of just a shoe-shine boy. :-)
  1. Chappy's 2015 story was utterly depressing. Your horrendously painful pun has lifted my spirits.
  2. ChinaReader

    Screw The Savers, Save The Feckless

    Yeah, his sum surprised me: 9 years at 4% effectively knocks 30% off... if you weren't paying interest on a debt. 9 years at 7% would get you to half though...
  3. ChinaReader

    Global Inflation: In Graphs

    If you're "close to the line" the conventional breaks down slightly. i.e. if you think in a year from now you won't be able to afford your regular outgoings you'd be likely to try and save up a bit now. That suggests a high level of fiscal prudence on the part of individuals though, especially compared to, for example, the consumer behaviour at the end of 2008: 'It may be a horrific credit crunch and recession, but let's have a great Christmas shopping spree and worry about it in 2009!"
  4. ChinaReader

    Global Inflation: In Graphs

    It's not my imagination is it: China and the UK both have similar (reported) levels of inflation. Lucky for the UK it's a growth economy (!)
  5. ChinaReader

    Right Move Tricks

    Do a viewing, try and meet the person selling it. Have a copy of the rightmove print out in your hand. Offer them the price on the strap line, the lower end of the range. If they'd never sell for that then they have recourse to have a word with their agent.
  6. ChinaReader

    Hpc Simple Pleasures

    "Just holding on for that magical day when we too can afford an overpriced low spec new build. [Cue theatrical sigh.]"
  7. ChinaReader

    Delusional Estate Agents

    One of the very rare sellers who wants to get ahead of the curve and sell, rather than chasing the market down blow by painful blow? (Doubley worth checking for problems though - what's their rush?! )
  8. ChinaReader

    Buyer Beware

    Bricks and timber and labour you can work out average prices. But how much did the land cost? Mud in a rural field with a protected tree has a lower price tag than mud with planning permission in a field next to roads and utility supplies. Land prices confuse reasonable calculation of cost and value.
  9. ChinaReader

    Halifax House Price Charts

    Does anyone remember the HPC video? It had a catchy theme tune and mocked Gordon's claims of "stagflation"... I'd be very reluctant to agree with our former 'leader', but a crash based on inflation rather than actual falls from here on in seems to be just that - stagflation.
  10. ChinaReader

    A Happy Bankrupt...

    Good post. To any critics of your approach I'd argue bankruptcy should be for situations like yours. As a member of society you now pay it back bit by bit, with a little income tax here and occasional bank charges there I imagine, maybe an insurance premium or two, and lower interest on any savings compared to higher interest on any small loans you may have. And if you work your way up to become an A1 mortgage repayee, you'll more than repay £20k in interest over a 25 year term. Not quite model credit citizen, but not a candidate for pitchfork treatment either.
  11. ChinaReader

    Nigel Farage

    Articulate stuff. But I did count 9 (I think) self-conscious glances at the camera. He's there to get on YouTube and win "votes back home" more than to change opinions within the other MEPs, and that isn't really what he's paid for.
  12. ChinaReader

    Why Are You Withdrawing This Cash?

    Fun discussions, but if banks run out of reserves and FSA guarantee was rescinded, there surely isn't a scenario where people continue to walk around paying each other with the little bits of paper that we currently put so much faith in.

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