Jump to content
House Price Crash Forum

sunonmars

Members
  • Posts

    1,324
  • Joined

  • Last visited

Posts posted by sunonmars

  1. Quite frankly nobody knows what will happen, as they say "a week is a long time in politics" and things could turn very nasty for Mr Brown if he called an election and then some major nasty stuff came tumbling down between announcing and voting.

    Never underestimate the fickleness of the british voting public. They would hang you as quick as vote for you.

    I can't see Brown taking that chance now, he'll wait out.

  2. If GB calls an Election this year or next year he will win. Remember JM won an Election after a HPC and with a recession, why, because the electorate did not like Kinnock. Unless the Tories get rid of their six form schoolboy leader they have no chance of winning an Election. ;)

    However in 1992, JM didnt have to contend with a really severe law and order problem, and general p£ssed off unhappiness in the country. People are thoroughly miserable at this point. I think the country looks in a way worse position than it did in 1992 and Cameron is not in the league of Kinnock yet, christ that really was an awful man.

  3. Its already happening here in Turkeys resorts, all the UK buyers have deserted, no one is buying and many are selling as they need the money back.

    The last 3 years here in Bodrum they were buying like mad, outrageous prices for Turkey and then suddenly, this year it dried up quicker than an old nun sucking a lemon.

    So I can verify that things are very tight, the season here among hoteliers, bars and restaurants are that people are not spending money, and many people i've spoke too who have come on holiday said they are so short of money, none to spare. Its going to get a lot worse.

  4. They seem to lack the simple premise that the housing wealth will vanish overnight, if theres no bloody money out there to buy property with.

    A massive debt like this means the country is owned lock stock and barrel.

    They will only realise when they wake up one morning and find out their housing equity is not there anymore and then it will be "oh poor us". Where has my money gone.

    I for one am waiting on it. The Credit Generation is going to get a rude awakening.

  5. It looks like their boss has gone to Spearmint Rhino and dragged them out ;)

    Edit: FTSE back below 6000.

    God I used to work next to that on Tottenham court road, we used to call it, the Peppermint Hippo. It was wide boy city on Fri afternoon, hence the drop on the market again, regardless of the state of the market, these twonts would be there 3.30 Fri afternoon.

  6. It's just like a big game of poker, however the sellers are just realising they don't hold all the aces any more (big blind). And by the sounds of it we have been subject to the bluff for a period of at least 6 months, when will the flop occur.

    It really is places like Foxtons, i used them for about a week until i realised they had over valued the property by £50,000 and I was not happy. They really are a shower of bas$ards.

  7. I think Gordo must've left Alistair his little book of Spinning as a parting gift. I particularly liked the way he more or less implied that the Sub-Prime meltdown was a US issue in a niche part of the mortgage market!

    Its a lesson on how to look daft. They will look so dumb shortly. AS I said the govt is doing the old looking over the castle walls, saying they can see nothing when the enemy is crossing the moat.

  8. On a serious note, i just rang up my best pal to tell him about the SMC because he is about to buy a house. He is a FTB buying a £170,000 2 bed bungalow in Rayleigh, Essex. I rang him but before i could speak was waffling on about how good the place was and how happy he was blah blah blah!! I didnt end up telling him, because he obviously didnt want to hear it!!

    What would you do if it was your best mate??? I have told him before to hold up but i was laughed off really!!!

    To make matters worse it is an 95% IO mortgage at 5.3%, i asked the dealer and he said they were called "stonebridge Mortgage company" or something like that!!

    Seems like sub-prime is still going for it!

    Opinions and advice please

    Go round and slap him silly til he sees sense, however if he can't see sense with whats happening currently, unfortunately he never will.

×
×
  • Create New...

Important Information