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othello

What's Really Happening To The Hosung Market?

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The housing market has come out of free-fall thanks to Government meddling in the economy. This is only a temporary respite. As the effects of unemployment and repossessions (many of which have been delayed by Government support) kick in, the market will continue down, albeit at a slower rate. As the effects of QE and low IRs eventually push up inflation and the BTL market goes into collapse, further downward pressure will be exerted on prices.

Unfortunately, what could have been a quick and painful recession with a rapid adjustment in overinflated asset prices and a weeding out of bad banks who acted irresponsibly during the bubble, we are now facing a protracted period of stagnation and falls in the housing market with the economy on its knees for years t come. Those with a vested interest in the property market who hailed the Government's futile interventions and believe we are now on the road to recovery will be sorely disappointed. Transaction volumes will be low for a long time to come and the prospect of any kind of sustained recovery is many, many years away.

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FOR THE LOVE OF CHRIST STOP POSTING NEW THREADS ON THE TOPIC.

JUST IN THREE MINUTES I FOUND THESE THREADS YOU COULD HAVE POSTED YOUR "FASCINATING AND NEW" THOUGHTS IN.

http://www.housepricecrash.co.uk/forum/ind...howtopic=121966

http://www.housepricecrash.co.uk/forum/ind...howtopic=121967

http://www.housepricecrash.co.uk/forum/ind...howtopic=121906

http://www.housepricecrash.co.uk/forum/ind...howtopic=110340

And the best one, with a nearly identical thread topic.

http://www.housepricecrash.co.uk/forum/ind...howtopic=121880

Seriously, this place needs a few things, one is a thread where people post their "unique new insights" on the housing market rather than shit it up with new threads.

The other is a thread for all the news stories that people post as new threads, again to stop shitting up the front page.

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Guest Steve Cook
FOR THE LOVE OF CHRIST STOP POSTING NEW THREADS ON THE TOPIC.

JUST IN THREE MINUTES I FOUND THESE THREADS YOU COULD HAVE POSTED YOUR "FASCINATING AND NEW" THOUGHTS IN.

http://www.housepricecrash.co.uk/forum/ind...howtopic=121966

http://www.housepricecrash.co.uk/forum/ind...howtopic=121967

http://www.housepricecrash.co.uk/forum/ind...howtopic=121906

http://www.housepricecrash.co.uk/forum/ind...howtopic=110340

And the best one, with a nearly identical thread topic.

http://www.housepricecrash.co.uk/forum/ind...howtopic=121880

Seriously, this place needs a few things, one is a thread where people post their "unique new insights" on the housing market rather than shit it up with new threads.

The other is a thread for all the news stories that people post as new threads, again to stop shitting up the front page.

If you don't like the thread, ignore it. It's not as if it is the kind of looney religious, fascist nut-job of a thread we sometimes get on here...

Your blood pressure will improve no end I should imagine

Chill out dude.... ;)

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Guest KingCharles1st
If you don't like the thread, ignore it. It's not as if it is the kind of looney religious, fascist nut-job of a thread we sometimes get on here...

Chill out dude.... ;)

Good advice- I do that with most of Charterhouse's already :P

With regard to Othello's o.p.

The one thing that is difficult to understand here, is that while interest rates are low, the high earners are doingvery nicely out of this mess. They don't need to worry about selling their huge properties, and because of their status job (Doctor on 380K for example) will always be able to pay for it and lots lots more.

Now think about their excess earnings, as prices fall back, their excess cash is worth far more in real terms wit hregard to asset acquisition. they can buy up rows of houses cheap, Ferrari's and Astons for bugger all, etc etc etc. Nicework if you can get it.

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If you don't like the thread, ignore it. It's not as if it is the kind of looney religious, fascist nut-job of a thread we sometimes get on here...

Your blood pressure will improve no end I should imagine

Chill out dude.... ;)

Maybe, but it would improve the whole forum no end if there was a slightly better management of threads. A few good threads to keep up on are much better than a never ending supply of new half-threads that noone really follows.

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I think we should just have threads approved by Charterhouse. We could start with his youtube presentation of his rendition of Tomorrow Belongs To Me.

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Maybe, but it would improve the whole forum no end if there was a slightly better management of threads. A few good threads to keep up on are much better than a never ending supply of new half-threads that noone really follows.

And each time you reply to this one, you bump it to the top of the listing.

There's a 'natural selection' process with all new threads - duplicates or simply boring ones die without a trace as people don't add replies.

Incidentally, with ref to the OP's title, is 'Hosung' a province of China? ;)

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Good advice- I do that with most of Charterhouse's already :P

With regard to Othello's o.p.

The one thing that is difficult to understand here, is that while interest rates are low, the high earners are doingvery nicely out of this mess. They don't need to worry about selling their huge properties, and because of their status job (Doctor on 380K for example) will always be able to pay for it and lots lots more.

Now think about their excess earnings, as prices fall back, their excess cash is worth far more in real terms wit hregard to asset acquisition. they can buy up rows of houses cheap, Ferrari's and Astons for bugger all, etc etc etc. Nicework if you can get it.

Yes.

The uber rich have turned the hoover on.

This is now a game only they can play.

Three cheers for Gordon the "Socialist". :angry:

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FOR THE LOVE OF CHRIST STOP POSTING NEW THREADS ON THE TOPIC.

JUST IN THREE MINUTES I FOUND THESE THREADS YOU COULD HAVE POSTED YOUR "FASCINATING AND NEW" THOUGHTS IN.

http://www.housepricecrash.co.uk/forum/ind...howtopic=121966

http://www.housepricecrash.co.uk/forum/ind...howtopic=121967

http://www.housepricecrash.co.uk/forum/ind...howtopic=121906

http://www.housepricecrash.co.uk/forum/ind...howtopic=110340

And the best one, with a nearly identical thread topic.

http://www.housepricecrash.co.uk/forum/ind...howtopic=121880

Seriously, this place needs a few things, one is a thread where people post their "unique new insights" on the housing market rather than shit it up with new threads.

The other is a thread for all the news stories that people post as new threads, again to stop shitting up the front page.

Charterhouse: 300 posts in 30 days = 10 posts a day

Othello: 1300 posts in 4 years = 1 post a day

I think it's you who should take a break and shut the f*** up for a bit, don't you?

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Maybe, but it would improve the whole forum no end if there was a slightly better management of threads. A few good threads to keep up on are much better than a never ending supply of new half-threads that noone really follows.

2bad4u. £uckoff&die.

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If you don't like the thread, ignore it. It's not as if it is the kind of looney religious, fascist nut-job of a thread we sometimes get on here...

Your blood pressure will improve no end I should imagine

Chill out dude.... ;)

Agree.

But look at this:

"It was once thought that football had replaced traditional religions given the fervour and violence that followers attributed to the sport thus sullying its name in the minds of many for all the wrong reasons. However, in recent decades the new religion pursued with fervour and violence in economic terms must surely be the British obsession with house price speculation. The direction of house prices now determines poltical careers and national mood. It drives the economy and has replaced all the traditional means of wealth such as manufacturing and useful services with an obsessive drive to own property so as not to miss out on the 'British Dream' of wealth and security for little or no effort. A new relgion? Undoubtedly so, but one that, unlike the real thing, has contributed nothing to personal improvement or national ethics."

Couldn't agree more.

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Guest DisposableHeroes
If you don't like the thread, ignore it. It's not as if it is the kind of looney religious, fascist nut-job of a thread we sometimes get on here...

Your blood pressure will improve no end I should imagine

Chill out dude.... ;)

I'm guilty of posting threads without reading what's existing on the front page. Let's face it may threads will be started off the same, the subject matter is mainly HPC or the markets.

Edited by DisposableHeroes

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Guest Steve Cook
Agree.

But look at this:

"It was once thought that football had replaced traditional religions given the fervour and violence that followers attributed to the sport thus sullying its name in the minds of many for all the wrong reasons. However, in recent decades the new religion pursued with fervour and violence in economic terms must surely be the British obsession with house price speculation. The direction of house prices now determines poltical careers and national mood. It drives the economy and has replaced all the traditional means of wealth such as manufacturing and useful services with an obsessive drive to own property so as not to miss out on the 'British Dream' of wealth and security for little or no effort. A new relgion? Undoubtedly so, but one that, unlike the real thing, has contributed nothing to personal improvement or national ethics."

Couldn't agree more.

Fair point RB.

If only we could have the "ethics" bit of religion without the "religious" bit..... ;)

Edited by Steve Cook

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Good advice- I do that with most of Charterhouse's already :P

With regard to Othello's o.p.

The one thing that is difficult to understand here, is that while interest rates are low, the high earners are doingvery nicely out of this mess. They don't need to worry about selling their huge properties, and because of their status job (Doctor on 380K for example) will always be able to pay for it and lots lots more.

Now think about their excess earnings, as prices fall back, their excess cash is worth far more in real terms wit hregard to asset acquisition. they can buy up rows of houses cheap, Ferrari's and Astons for bugger all, etc etc etc. Nicework if you can get it.

I don't think the tiny fraction of high earners has any material effect on the market and I can't see many buying up rows of cheap houses in a bear market. Also with higher tax rates hitting high earners and the recent increase in NI, I am not sure many will feel wealthy enough to throw money around.

Personally, I think affordability is still a big issue in the mass market and now the boom has fizzled out, we're not going to see any serious upturn until prices are affordable the the average person. I think that means 38% off peak?

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"What's Really Happening To The Hosung Market?"

Ho-Sung?

Isnt that a type of chinese tea?

As far as I know, chinese tea prices crashed about two years ago,

and are now making a slow recovery.

But some think that the current spring/summer crop is growing too fast,

and prices will head back down

... But maybe some here are better at reading tea leaves

Ha ha. Listen, at 730 this morning I was interested in people's views on where things are going in housing - I hadn't even had a cup of tea. By all accounts, if you pay attention to the popular media we're on the road to recovery. Classic bull trap of making long term prediction based on short term indicators!

Anyway thanks for the insight into hosung - perhaps a better investment than housing?

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What has happened to housing market?

Liebour have succeeded in temporarily stopping the crash. I think its VERY possible we could see price rises right until August/Sepetember 2010.

Who knows, we may not even have a currency next year with the way the BoE are using QE...

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FOR THE LOVE OF CHRIST STOP POSTING NEW THREADS ON THE TOPIC.

JUST IN THREE MINUTES I FOUND THESE THREADS YOU COULD HAVE POSTED YOUR "FASCINATING AND NEW" THOUGHTS IN.

http://www.housepricecrash.co.uk/forum/ind...howtopic=121966

http://www.housepricecrash.co.uk/forum/ind...howtopic=121967

http://www.housepricecrash.co.uk/forum/ind...howtopic=121906

http://www.housepricecrash.co.uk/forum/ind...howtopic=110340

And the best one, with a nearly identical thread topic.

http://www.housepricecrash.co.uk/forum/ind...howtopic=121880

Seriously, this place needs a few things, one is a thread where people post their "unique new insights" on the housing market rather than shit it up with new threads.

The other is a thread for all the news stories that people post as new threads, again to stop shitting up the front page.

At least we can distinguish lying from semantics....

http://www.housepricecrash.co.uk/forum/ind...t&p=2004968

...pr@tt

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Incidentally, with ref to the OP's title, is 'Hosung' a province of China? ;)

I was just trying to recollect what those delicious noodles were called at the local restaurant.

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