Jump to content
House Price Crash Forum


  • Content Count

  • Joined

  • Last visited

About Tucksy

  • Rank
    HPC Poster
  1. EDIT: Just bumping this one as I've now changed the title on YouTube to try to increase the views and 'provoke debate'. New title is: 'UK HOUSE PRICES TO FALL 50% BY 2011? [22-9-08]' Thanks to those who've already viewed and rated and please keep them coming as the higher the viewing and comment ratings, the more exposure it will likely get. Best regards, Tucksy
  2. I'm not sure whether anyone has put this on YouTube yet but I put it on my channel just in case. [sorry about the audio glitches but it's down to way the DVD recorder generates the recording!] http://www.youtube.com/watch?v=QzvuS22HnSY Please rate if you have a YT account... Thanks and enjoy! Regards, Tucksy
  3. Agree completely... However, I would like to question WHY C4 feel it necessary to re-broadcast these programs AT PEAK VIEWING TIME, given the significant decline in the HM since they were made. It's not as if they haven't already been shown ad infinitum on C4, More4 and whatever other sister channels C4 has now. Do C4 really have no other quality programming to fill a prime time 1hr viewing slot, other than misleading 'property porn' repeats? There's a very unpleasant whiff about all this and I'm convinced that certain VI's associated with C4 are still trying to convey a sense that everything is as it was a year [or more] ago. I wonder whether some of the participants of these programs are happy watching them being re-broadcast and how they now feel about the 'expert' advice they received. Again, not really interested in discussing the subject matter but more of who exactly benefits form these programs being repeated. Do Alistair Darling & Caroline Flint have stakeholdings in C4?
  4. I hope you're right Ferret! I'm not working due to health (long term) and and I rely quite heavily on returns from savings for my income. 9% gross by next year would be very welcome and hopefully slow down the erosion of my capital with which I hope to buy eventually. That's assuming inflation doesn't go through the roof with GB & the BOE's current 'antics'. A BIG assumption I know but savers are long overdue their 'day in the sun'!
  5. They are all going to have rights issues now to raise capital [following the RBS lead] and are probably pretty confident now that the the BOE will print lots of nice new bonds for them [short term] in return for their 'bad' MBS's. So they won't be quite so desperate for the hard earned cash of prudent savers like us but we'll get screwed by lower savings rates and inflation as a result! What a 'miracle' economy Gordon! :angry:
  6. GB seems to be somewhat 'maniacal' and it's frightening to see the lengths to which he will go to ensure that the 'boom' continues and the 'bust' only occurs once he has left office. If Gordon's going down, he'll make sure the economy goes with him. He seems indifferent to the true cost to the average [prudent] voter of his obsession with an economy fuelled by debt and overblown asset inflation. IMHO huge undertakings such as this bail-out of the banks and the NR bail-out, which involve potential risk to huge amounts of tax payer's money, should be put to a [multi-party] Commons vote and have the backing of the MAJORITY of MP's before they can be progressed. In this way voters may then feel that they are being represented and at least having some kind of say in the matter. I think the majority of voters will only realise the true cost of GB's time as chancellor and PM/chancellor once he has left office. By then it will be too late...
  7. If the IMF's recent estimation that losses worldwide could reach $1 trillion proves correct, how effective will £50 billion be in restoring confidence to the entire UK banking system, given that only one of the major banks has so far declared publicly that it needs to raise £8 billion via a rights issue? Evidently this may rise to £12 billion once RBS have declared further losses. 'IMF fears credit crisis losses could soar towards $1 trillion' IMHO the banks will, for a long time, not be prepared to risk their capital in the extreme manner which has inflated the HPI bubble. Additionally, sentiment has already changed dramatically and people are being made to feel 'poorer' with the higher costs of fuel, council tax, food etc. (oh and increased taxation for many lower earners!) I know one or two people who are already using credit cards or unsecured loans (if they can get them) to keep up with mortgage payments and utility bills. When an economy is this f**ked up, printing huge amounts of money and devaluing the currency is certainly no quick fix... I wonder whether Gordon thinks he will be able to save us from a global depression if the $500 trillion derivatives market takes a dive? Hopefully he'll have been deposed by then anyway... 'Derivatives Dominos Start Falling Threatening Collapse of the Shadow Banking System' PRUDENCE, VIGILANCE...... Any suggestions as to what Gordon's new mantra will be? INCOMPETANCE perhaps?
  8. The woman with the baby from the south, BTL'ing flats she'd never seen hundreds of miles away was actually a pretty damning indictment [and a great example] of how very ordinary folk have been consumed by the prospect of alleged 'easy riches', and which has turned out to be a poisoned chalice. Whoever financed, aided and/or coerced this woman into these deals is as guilty of her financial demise as she is. I wonder how many of the now 1,000,000 BTL mortgagees are of a similar ilk and how catastrophic this could prove to be to the market. Also.... 'FP' is getting far too much airtime at the moment! Maybe he will get his own show on C4 now that Phil & Krusty have become obsolete and a laughing stock? Apart from their [iTN] news, C4 seems to be the only main terrestrial broadcaster reluctant to document the demise of the UK HM. May be time for a 'Dispatches' on the subject? I wonder who will speak for the pessimists?
  9. For anyone who missed or has not yet seen the studio discussion or has had trouble finding the correct link please try this one. Channel 4 News 8th April - House Price Falls - Studio Discussion This should take you directly to the studio discussion and bypasses the report leading up to it. Please note that this link opens directly into 'Windows Media Player' so I cannot guarantee it will work for ALL browsers. Hope this helps. Cheers, Tucksy
  10. Believe me or not, I'm in no better, wiser position and just as nervous about my savings as many people on HPC. Also, I would willingly trade anything monetary or material I have to be in good health again...
  11. I'm sorry you feel such hostility but I was just trying to point out that I would be in the same situation if I hadn't been fortunate enough to stumble upon certain information at just the right time. Thanks largely to other posters on HPC. I've never posted anything on here with the intention of making other people feel worse about any situation they may be in and many of us on here (including myself) rely on other's experiences and posts to help us make some of our decisions. I believed that the chart may clear up any confusion relating to compensation from the Icelandic banks and that this bore some real relevance to the topic of the thread. By the way, I'm not involved in hedge funds or any other kind of 'professional' investments. In fact like so many others you'll find on here, I'm just a regular person who is looking for the best way to invest their money (I still have a Kaupthing savings account) with the hope of being able to buy a property (to live in) in the relatively near future. I was a video support engineer but have not worked since 2005 due to illness...
  12. Great to see HPC getting this kind of exposure. I don't know they bothered having that woman from Savills PF on. 4% this year? More like 4% in the next month! I like how they gave 'FP' the final word. Property 'snake' will soon become as commonly used amongst the people as 'ladder' (or 'pyramid' as I prefer) became! Maybe C4's new series this week should be re-titled accordingly?
  13. I think the Barclays deal you mention is the best VR IA ISA right now but here's a couple of links I use regularly to find the best deals on different types of account... www.moneysupermarket.com/savings/SavingsCompareForm.asp www.moneyfacts.co.uk/savings/bestbuys/default.aspx HTH, Tucksy
  14. I feel sympathy for those on here locked into FRB's with Icesave in the current climate of 'uncertainty' and although my post relates mainly to Kaupthing, I hope it may be useful to others. I recently opened both an instant access account and FRB with Kaupthing but nervous about what I heard thru posts on HPC and thru Bloomberg about the potential situation in Iceland, I quickly moved the £35k back out of my Kaupthing FRB. Kaupthing's penalty on early withdrawal/closure of their FRB's is a 1% penalty on interest due. I was also in the process of transferring my ISA to Icesave which I managed to reverse the day before the cash was due to be transferred by my bank! This chart from MSE gives some clear info on which overseas accounts use the 'passport system' and which have the FSCS protection. Iceland Bank Default Swaps Rise Amid 'Unscrupulous Speculating' - Bloomberg Tucksy
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.