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About Timm

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    Black Horse Apocalypse

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  1. http://www.telegraph...d-euphoria.html Crack up boom. There, I said it first.
  2. We said these schemes were shit and they were. But who listens to the mob when we content ourselves with writing tracts? PS. Did we ever find out the effective total funding for OpenMarket HomeBuy? http://www.housepricecrash.co.uk/forum/index.php?showtopic=108693&st=0
  3. Risk premium? Both the UK and US are at or near ZIRP. So the difference is the extra charged by the lender for costs, profit and risk. The US state stands behind / guarantees mortgages more than the UK*. Fannie, Freddie, TARP etc. Plus they have had a bigger crash, so new borrowers are less over extended. *For now. Let's see what happens when the NewBuy scheme kicks off.
  4. Timm

    Switching To Bear Status

    It's not about being right or wrong. It's about being on the right side of the curve.
  5. Timm

    Restoration Man

    It was a right horror! The local planning / conservation department should be taken to the tower and thrown off the top. They actually seemed to have made things considerably worse.
  6. Heh. http://www.housepricecrash.co.uk/forum/index.php?showtopic=174588
  7. The Chinese are where we were in 2007 / 08. Know any Brits that bought gold back then? PS: http://www.housepricecrash.co.uk/forum/index.php?showtopic=174667&st=0&gopid=3249737entry3249737
  8. Timm

    Thank God Gordon Didn't Sell It All

    Exactly. Although I wouldn't suggest stealing stuff that belongs to people with nukes.
  9. Ricardo Timm say: Rent tends to extract surplus income. The renter is paying surplus income to the rentier. The rentier is paying surplus income to the financier. Edit: remove line breaks.
  10. Interest rates are an (expected) side effect and financial repression is a happy accident (for the BoE). But the purpose of QE is to finance the deficit. Edit: Clarity [(expected)] / [but] and order (to remove gap between quote and post).
  11. Timm

    Chris Huhne's Date With Destiny

    There is a significant chance that if the outcome is as you suggest, you might have nailed the statement. You can't - you can only appeal judgements against yourself(s). Perhaps you could try a Judicial Review?
  12. Timm

    Thank God Gordon Didn't Sell It All

    Maybe we stole it all since then.
  13. Yup. Of course, there will be some sellers who want to trade up - they might be pleased...
  14. You'd be gutted. I wonder how many ConDem votors have second hand homes they might want to sell one day, and how many are housebuilders.

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