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House Price Crash Forum


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About BayAreaBear

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  1. Thats not what the historical record says. Perhaps you memory is in error. Or maybe you were comparing Kentucky with Mayfair.
  2. I am living in an alternative universe. Where facts are different at the same time. I guess the fiat money regimen serves its purpose of hoodwinking the masses. Did no one notice that gold priced in GBP went from £425 and change to £625 in the last 3 months? Thats GBP devalued by 32% in 3 months. Thats your savings, your earnings and you future pension. All devlaued by 33% The gold market moves BEFORE all other present goods prices. If you wait for OTHER consumer goods prices to rise you are TOO LATE. Thats Keynesianism for you. Daylight robbery by any common law standard. But dont expect anyone to be prosecuted. Its the government that doing it too you. Like I said. I am not interested in short term predictions. And who gives a fiddlers what one piece of forex paper does against another. They are all going down. £6000/oz in 2012. Yes that pounds not dollars. BAB
  3. At last some action. I am a self taught student of the Austrian tradition. The school is brilliant at prediction but with self acknowledged uncertain timing. Predictions must therefore be long term. Since 2004 I have posted here spreading the message that UK housing would crash. But in terms of gold but NOT necessarily in terms of GBP. I suggested back in 2004/5 that one take £35000 put in in gold, wait 8 years and buy a house with cash. Use the search to confirm. Did you have to be contrarian to be bearish on houses and bullish on gold back then? You betcha. For at least the last 4 years I have pointed to a glaring historical anomaly. That houses in the UK were more expensive than in the US. And that had never happened before and there was no good reason for it. I predicted that this would be addressed via a forex "event". If you dont believe use the search function and view my previous threads. Here we are 3, 4 and 5 years from these idle musings. How are things shaping up? Well the forex event occurred. Maybe over, maybe not, even odds fron this point. Too late to lay a bet thats for sure. How convenient it would be to those wanting global governance to have dollar/pound/euro triple parity. How ironic that would be? Houses in the UK now equally expensive as the US. So still some ground to cover. What about the houses price in gold. CRASHED by 2/3rds Here is the chart My suggested allocation to gold in 2004 would now buy 2/3 rds of a house. Not bad but not the full cigar just yet. Next three years should do it. Might even be early Cheers to all BAB p.s. Like all good Austrians BAB is looking ahead to the next 3-5 years. He is SUPER BULLISH on gold for end 2012 early 2013. $6000 anyone?
  4. I beg to differ. Yes in this fiat money world in which we live deflationary SCARES can and do happen. We are in one now. But deflation proper is impossible. Its a policy choice and one that will never be made. Actually let me qualify that, when inflation is running so rampant that the elites can no longer profit from it they might make that choice. But for now deflationary scares make for awesome gold buying opportunities. The elites will start the next major inflation while the people are hoarding their paper tickets. How will they do this. In plain sight with bailout plans, 100% deposit guarantees, 0% reserve requirments, paying interest on reserves held at the CB. Its right there in front of you. Buy gold during this one last chance to do so. Its so much harder when when the price is going up fast. BAB
  5. BAB thought you might like this. UK does the same as Southern California usually. Right now its got a bit of catching up to do. Hard drop to come in the UK. Note that UK prices are converted to dollars and "adjusted" to sit at the same level on the chart. Drop could occur in the £ price or in GBP:USD level. Everyone in the UK should take a deep breath.... Here we go...... Waaaaa.... BAB
  6. Actually its all the fault of Robert Peel. He was sufficiently enlighted to realize the fraudulent nature of fractional reserve banking and banned it. But he made the mistake of not including deposit accounts as money. We live with consequences of his error to this day. Of course with modern pols being all liars and cheats, because that is the only way to succeed, both Thatcher and Brown took advantage his mistake and both of them gave us a boom/bust. Brown's takes the biscuit though - most certainly bigger. Also Brown is to be thanked for giving us the Brown Bottom. What is the Brown Bottom you say? It is the low point for the gold price destined to never ever be breeched when he sold UKs gold after announcing it in advance. That at a time when golds valuation was as low as it has ever been in the history of human kind. Thanks Gordon, truly, that was a wonderful gift to those prepared to act.
  7. Or is it the other way round. If you had any doubt watch this news item. http://www.fknnewz.com/view/179/morons-res...oles-from-ruin/
  8. And hopefully, like BayAreaBear, wealthier too.
  9. Bob BAB never left. He just does not post too often. He might get distracted by thoughts of price series in swiss cheese etc..
  10. No. But the BayAreaBear does remember Bruno. Bruno always expected a meltdown in everything. BayAreaBear has always been agnostic on anything but gold. Even in 2004 BAB said that houses prices could continue to climb while gold went up more. Now he believes that we have the best of all worlds. Now with confidence gone and the banking machine broken all efforts to reflate housing will flow directly to gold without passing go. So the timing of the awesome to behold, phoenix like surge, day after day, in the gold price only depends on when (not if) the big big bailout comes. BayAreaBay really enjoyed the appetizer we received last Wednesday on the mere rumor of the BIG bailout. This week, next month, next year whatever. The longer the better as far as BAB is concerned - the bigger it will be. BAB
  11. BayAreaBear wonders that anyone can have not heard about the Bay Area?
  12. Lombard Street. Next to Filbert street which really is the steepest street.
  13. OR maybe you kept your HBOS shares and did not sell them cos they were in an ISA.
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