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Kazuya

Conservative Government This Year...

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I noted that instead of doing this, he could have just been responsible when he was younger, bought a house as young as possible, and ended up mortgage free by 38 like myself

You're mortgage free? Or do you mean you were mortgage free before buying the second place?

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The new real estate party will be replaced by the old real estate party.

The British public wil be once again baffled as to why nothing seems to change no matter who they vote for.

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Just been looking at the Mori poll archive. From it it appears that Maggie at her Nadir was indeed less popular than Brown is now.

http://www.ipsos-mori.com/content/politica...tings.ashx#1987

Nov 1990

Gov't Thatcher Kinnock Ashdown

Sat Dis Sat Dis Sat Dis Sat Dis

% % % % % % % %

22 73 25 71 42 41 37 30

Apr 2009

Gov't Brown Cameron Clegg

Sat Dis Sat Dis Sat Dis Sat Dis

% % % % % % % %

23 70 32 60 52 29 39 25

How quickly we forget how quickly we forget ;)

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The new real estate party will be replaced by the old real estate party.

The British public wil be once again baffled as to why nothing seems to change no matter who they vote for.

Love it :lol:

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If Westminster tried to stop democratic Independence there would be civil war

England does NOT own and control Scotland

in act if anything its just the opposite

whurs ma Claymore !!

Civil war? With what exactly? The scots are too wedded to the teat of English subsidy to wage a civil war, I am afraid.

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Unemployment will soar under the Tories as I fear Cameron and Co are Thatcherites.

A Tory Govt may will see the end of the UK as Scotland goes its own way. Wales would be fecked though as would the NE of England.

Sadly these celtic and cloth cap regions are already fecked - only if you measure success by the percentage of workers on the government payroll are these regions successful.

We somehow need to start doing stuff in the UK, not just pushing paper around and telling people what they can and can't do.

12 years under Labour - I'd have got less if I'd shot Blair on day 1 in 1997.

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Guest anorthosite

I would have thought the Tories would want a property crash as well so they can buy a new portfolio, ready for a new housing bubble in ten years or so.

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Well not only do we an unelected PM in Brown but we also have a unelected cabinet, Brown could give all

voters a million pounds he still wouldn't win an election.

We nave NEVER had an elected PM or cabinet.

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:lol::lol:

I acknowledge there is a cycle, and that in general terms it seems to average 18 years. However, it can be shorter or longer, and everything about this crash indicates it is being time compressed compared to the last one. And the one before that was also much shorter. Besides, as you know full well, there are also local factors which can distort the cycle. Rising oil prices should do that for Aberdeen relatively soon, given the current trajectory of oil. ;)

In fact, your situation is mostly decided by the oil price and specifically the reserves in the North Sea.

Any chance offshore wind can offer Aberdeen much of a future?

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Unemployment will soar under the Tories as I fear Cameron and Co are Thatcherites.

A Tory Govt may will see the end of the UK as Scotland goes its own way. Wales would be fecked though as would the NE of England.

Re: as would the NE of England

As a man from the Socialist Republic Of Durham and Northumbria, I take offence at that ;)

Edited by ItsColdUpHere

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I would have thought the Tories would want a property crash as well so they can buy a new portfolio, ready for a new housing bubble in ten years or so.

The reason all the world's parties want to prevent house prices falling is that we, the taxpayers, own huge swathes of the "equity" in residential real estate. That ownership is either directly as citizens or as taxpayers who have recently bought the sh1tty loans which the fraudsters packaged up then got their mates to sell as AAA rated.

If the property was to fall to its historic trend value (about half the current UK price) the so-called "toxic loans" would be worth virtually nothing.

The question is whether or not the banks and governments working together can prevent this. That and that alone will determine how much more houses will lose before they stabilise and remain at a fairly constant price for many years to come. At all costs the banks and governments must avoid another inflationary period until the rest of the economy has recovered.

So let's be clear the Tories will follow in Brown's footsteps and any governmental change in the UK will have limited effect.

My prediction FWIW as things stand at the moment is that prices will fizzle out with a whimper over the next few years and stay down, not a big old crash, more a dull fart :) The "crisis" will deepen then begin to clear. This assumes nothing else goes wrong. If the Chinese throw their weight about then all bets are off and god alone knows where we will end up. I suspect at that time house prices will be of very limited interest to most of us.

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Civil war? With what exactly? The scots are too wedded to the teat of English subsidy to wage a civil war, I am afraid.

We've got all the oil, water and are best placed for renewables. Goodbye, good riddence and 'thanks for all the fish'.

Oh, by the way.....thanks for bailing out our banks, yer no' getting yer money back :lol:

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We've got all the oil, water and are best placed for renewables. Goodbye, good riddence and 'thanks for all the fish'.

Oh, by the way.....thanks for bailing out our banks, yer no' getting yer money back :lol:

Any deal would include Scotland taking its bank debt with it. Good luck with that.

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Any deal would include Scotland taking its bank debt with it. Good luck with that.

Deal? What deal? We're off, see ya! :P

Edited just to say you used Scottish blood to forge your empire, you've had enough!

Edited by AThirdWay

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:lol:

Not quite. (I love the HPC gossip mill though)

The quote you refer to was my response to CCC accusing myself, and quite a few other people, of being "Jealous" of him, for living at home with his parents, having a masterplan that consisted of pissing away money in his 20's, becoming a "Kipper" in his 30's, and then counting on a crash to come along, and maybe, IF he sees 50% falls, being able to own a 100K flat outright at the age of 36...... :rolleyes:

I noted that instead of doing this, he could have just been responsible when he was younger, bought a house as young as possible, and ended up mortgage free by 38 like myself, but with 400K in equity. By comparison to that, yes, 100K does look a bit pathetic. CCC was confusing jealousy with pity. A mistake that he makes quite often.

By 36, he should really have a hell of a lot more than 100K in equity. The key to personal wealth is, (for around 15 years out of every 18 year cycle anyway), to buy property as young as possible, and never waste money on paying someone elses mortgage for them. If a crash comes along when you happen to be of age to buy your first place, fair enough, wait it out. For everyone else though, it really is as simple as buying young.

What a boring twenties you must have had.

Just a quick question, do you think you would be mortgage free by 36 if you were 21 again and bought at todays prices? (Its a rhetorical question - you were lucky to buy at the bottom of the property price cycle and probably at the top of the interest rate cycle. If you were a FTB today you wouldnt be mortgage free for a very long time).

Edited by murpaul

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We've got all the oil, water and are best placed for renewables. Goodbye, good riddence and 'thanks for all the fish'.

Oh, by the way.....thanks for bailing out our banks, yer no' getting yer money back :lol:

:lol:

So on the 7th day, St Peter turns to God and says, "God, not that I want to question your plan, but are you sure about this Scotland place?"

God says "Scotland, what do you mean?"

Peter continues.. "Well, you've given them a place of stunning natural beauty, an abundance of fresh water, productive land, seas filled with fish, and on top of that, you gave them Oil. Don't you think it's a bit unfair to give one small country so much?"

And God says... "Yes, but just wait til you see the c@nts I gave them for neighbours."

;)

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I would have thought the Tories would want a property crash as well so they can buy a new portfolio, ready for a new housing bubble in ten years or so.

Simply wishing a property crash isn't a substantial change in policy or motivation because real estate parasitism relies on a speculative a boom followed by a collapse.

Both parties operate policies that encourage real estate vampirism and cause real estate booms and busts. The Labour party is stuck trying to politically integrate and defend the real estate gravy train of the last 12 years because it was in power during this time. The Torys don't have to integrate anything because their real estate gravy train disaster happened way back in 89 - 90 and few people remember it well enough to properly connect the dots.

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Guest vicmac64

I'll give you another scenario - Brown stands down but UKIP and the COnservatives end up in govt together. We are about to see a rout of the Conservative and Labour Parties - they no longer represent the interests of the people of the UK.

The Euro election results will define what happens and who stands in a General Election. Roll on EU results day and you will see the true sentiments of the people of this United Kingdom.

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What a boring twenties you must have had.

Actually not. I worked hard of course, but I also got to travel the world and work in many different countries overseas, experienced new cultures, etc. Had a fecking great time. And having a mortgage didn't slow me down one bit.

Just a quick question, do you think you would be mortgage free by 36 if you were 21 again and bought at todays prices? (Its a rhetorical question - you were lucky to buy at the bottom of the property price cycle and probably at the top of the interest rate cycle. If you were a FTB today you wouldnt be mortgage free for a very long time).

:lol: You may want to check your sums there.......

I bought right around peak last time, and then dealt with staggeringly high interest rates. Still had 400% HPI though..... :lol: And yes, of course an FTB can buy today and be mortgage free by their late 30's.

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Actually not. I worked hard of course, but I also got to travel the world and work in many different countries overseas, experienced new cultures, etc. Had a fecking great time. And having a mortgage didn't slow me down one bit.

:lol: You may want to check your sums there.......

I bought right around peak last time, and then dealt with staggeringly high interest rates. Still had 400% HPI though..... :lol: And yes, of course an FTB can buy today and be mortgage free by their late 30's.

Yes but interest rates were high because inflation was high. Therefore if you took on a big mortgage it would have soon become managable.

Today people who are just about able to jump on would struggle for years to pay off loan due to low inflation. And if inflation surges, interest rates go up and they're even more stuffed.

People just about able to buy a house in 2007 who did so, are gonna be stuffed. Especially if they lose their job or have a pay cut foisted on them.

HPCers who didn't buy in 2007 have saved themselves a fortune already.

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:lol:

So on the 7th day, St Peter turns to God and says, "God, not that I want to question your plan, but are you sure about this Scotland place?"

God says "Scotland, what do you mean?"

Peter continues.. "Well, you've given them a place of stunning natural beauty, an abundance of fresh water, productive land, seas filled with fish, and on top of that, you gave them Oil. Don't you think it's a bit unfair to give one small country so much?"

And God says... "Yes, but just wait til you see the c@nts I gave them for neighbours."

;)

:lol::lol::lol::lol::lol: (from one of your neighbours!)

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Tories get voted in at next election

All the bad news unwinds - pfi, debt levels, mass unemployment through till 2010 etc

Tories say 'we need a fresh start' to the public

Massive cost cutting undertaken in government

About the last problem we will have is where house prices are (which by then will be in freefall by then)

House prices go down (probably bottom in 2012)

Everything gets blamed on Brown and his gimps

Only my very humble opinion.

I think this is the most probable outcome - in fact I'd go so far to say it's almost nailed on.

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I bought right around peak last time, and then dealt with staggeringly high interest rates.

that's why your opinion matters so much this time....

...

...

...

...

NOT!!!

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that's why your opinion matters so much this time....

...

NOT!!!

On the contrary, I am living proof that it matters not one bit whether you buy at peak or not in the long term.

You can't argue with a 400% return. :lol: Especially when a mortgage payment in Aberdeen was then, and still is now, less than the cost of renting. :lol::lol:

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