Slumpmonkey Returns Posted August 20, 2009 Share Posted August 20, 2009 The psychotic Scottish criminal is so determined to win the next election that he has chosen to sacrifice the future of this country in order to win another term. He has rigged the market and it looks like he is going to get away with it. The only sensible choices now available for first time buyers are to either rent forever or to get the hell out of this country and move to a country that does not have insane house prices. Discuss. Quote Link to comment Share on other sites More sharing options...
Guest tbatst2000 Posted August 20, 2009 Share Posted August 20, 2009 The psychotic Scottish criminal is so determined to win the next election that he has chosen to sacrifice the future of this country in order to win another term. He has rigged the market and it looks like he is going to get away with it. The only sensible choices now available for first time buyers are to either rent forever or to get the hell out of this country and move to a country that does not have insane house prices. Discuss. Sounds about right. You could always rent one of Blair's BTLs of course. Quote Link to comment Share on other sites More sharing options...
Number79 Posted August 20, 2009 Share Posted August 20, 2009 how has he got away with it? maybe the masses can be fooled, the 'sun' readers and 'property ladder' watchers but he can't fool the markets. Quote Link to comment Share on other sites More sharing options...
LuckyOne Posted August 20, 2009 Share Posted August 20, 2009 The psychotic Scottish criminal is so determined to win the next election that he has chosen to sacrifice the future of this country in order to win another term. He has rigged the market and it looks like he is going to get away with it. The only sensible choices now available for first time buyers are to either rent forever or to get the hell out of this country and move to a country that does not have insane house prices. Discuss. There are two groups that influence house the house price pyramic. You have correctly indentified the FTBs as those who support the bottom of the pyramid. The second group are the overseas buyers who influence the top of the pyramid. I expect that the second group are contemplating their global alternatives and are saying no to the UK and looking elsewhere. The collapse of any Ponzi scheme requires both the early entrants and the late leavers to lose faith in the scam. I suspect that we are close to seeing both groups desert the "scheme" shortly. Quote Link to comment Share on other sites More sharing options...
jackalope Posted August 20, 2009 Share Posted August 20, 2009 Discuss. Anywhere that anybody normal would emigrate to has similar or worse salary/house price ratio. Quote Link to comment Share on other sites More sharing options...
mbga9pgf Posted August 20, 2009 Share Posted August 20, 2009 Anywhere that anybody normal would emigrate to has similar or worse salary/house price ratio. Good job I have a f*ckload of savings and investments then Quote Link to comment Share on other sites More sharing options...
Slumpmonkey Returns Posted August 20, 2009 Author Share Posted August 20, 2009 Anywhere that anybody normal would emigrate to has similar or worse salary/house price ratio. Is that really correct? I agree that most of the Anglo countries have had bubbles but the UK has had the biggest bubble (apart for Ireland). There are also plenty of non -English speaking coun tries where they have not had a property ponzi scheme in operation of the past decade. Quote Link to comment Share on other sites More sharing options...
codeine Posted August 20, 2009 Share Posted August 20, 2009 He's not going to get away with it. The crash is going to resume. Stop being so hysterical. You call yourself a Bear? Quote Link to comment Share on other sites More sharing options...
Fairies Wear Boots Posted August 20, 2009 Share Posted August 20, 2009 Is that really correct? I agree that most of the Anglo countries have had bubbles but the UK has had the biggest bubble (apart for Ireland). There are also plenty of non -English speaking coun tries where they have not had a property ponzi scheme in operation of the past decade. So you have to learn a language. That's quite a big overhead. Quote Link to comment Share on other sites More sharing options...
Slumpmonkey Returns Posted August 20, 2009 Author Share Posted August 20, 2009 He's not going to get away with it. The crash is going to resume.Stop being so hysterical. You call yourself a Bear? You sound confident! The market doesn't seem too bothered about the dire state of UK plc. Quote Link to comment Share on other sites More sharing options...
Hip to be bear Posted August 20, 2009 Share Posted August 20, 2009 (edited) There are two groups that influence house the house price pyramic. You have correctly indentified the FTBs as those who support the bottom of the pyramid. The second group are the overseas buyers who influence the top of the pyramid. I expect that the second group are contemplating their global alternatives and are saying no to the UK and looking elsewhere. The collapse of any Ponzi scheme requires both the early entrants and the late leavers to lose faith in the scam. I suspect that we are close to seeing both groups desert the "scheme" shortly. WHat about the BTLers replacing the FTBs at the bottom....If they can make it work (with the assistance of IO mortgages and low IRs and have sufficient deposits), they will see value at a point before most FTBs can afford to jump in and well before most hardcore bears on here would see any value. To my mind we must wait for the cranking up of interest rates. Edited August 20, 2009 by Hip to be bear Quote Link to comment Share on other sites More sharing options...
16bit Posted August 20, 2009 Share Posted August 20, 2009 You sound confident! The market doesn't seem too bothered about the dire state of UK plc. Early days my lad, early days. What's coming is HUGE. And it's gonna change the UK forever. It's been kinda like the calm before the storm shall we say, and it's going to get scary soon. Quote Link to comment Share on other sites More sharing options...
Slumpmonkey Returns Posted August 20, 2009 Author Share Posted August 20, 2009 Early days my lad, early days.What's coming is HUGE. And it's gonna change the UK forever. It's been kinda like the calm before the storm shall we say, and it's going to get scary soon. Keep talking dirty to me! I guess I'm just sick of waiting - I just can't understand what is keeping this sucker up at the moment? Quote Link to comment Share on other sites More sharing options...
Dopamine Posted August 20, 2009 Share Posted August 20, 2009 I guess I'm just sick of waiting - I just can't understand what is keeping this sucker up at the moment? I've given up hope - most things around by me firmly back to 2007 prices now (what little there is). Not enough supply to drive a falling market. Supply not happening because of low interest rates and government mortgage protection. Old people even seem to have stopped dying round my way! As I've said before, little in the way of further nominal falls IMO. B ugger! Quote Link to comment Share on other sites More sharing options...
Darkman Posted August 20, 2009 Share Posted August 20, 2009 Keep talking dirty to me! Every bear needs a little dirty talk now and then Quote Link to comment Share on other sites More sharing options...
houseofusher Posted August 20, 2009 Share Posted August 20, 2009 I've given up hope - most things around by me firmly back to 2007 prices now (what little there is). Its the worst time to give up hope, kinda like like betting EVERYTHING on a poker hand, but folding before seeing what everyone else has.......doesnt make sense Quote Link to comment Share on other sites More sharing options...
tpbeta Posted August 20, 2009 Share Posted August 20, 2009 I've given up hope - most things around by me firmly back to 2007 prices now (what little there is).Not enough supply to drive a falling market. Supply not happening because of low interest rates and government mortgage protection. Old people even seem to have stopped dying round my way! As I've said before, little in the way of further nominal falls IMO. B ugger! Hmm yes this does seem to be a very good description of the bottom line - zombie housing market, dead yet still moving and no HPC. And low interest rates seem here for a while. Maybe it will last but somehow I don't believe it. Quote Link to comment Share on other sites More sharing options...
Dopamine Posted August 20, 2009 Share Posted August 20, 2009 - zombie housing market, dead yet still moving I like Quote Link to comment Share on other sites More sharing options...
oracle Posted August 20, 2009 Share Posted August 20, 2009 (edited) Early days my lad, early days.What's coming is HUGE. And it's gonna change the UK forever. It's been kinda like the calm before the storm shall we say, and it's going to get scary soon. The emphasis well and truly on scary. I do hope people have been paying close attention.The medes and the persians are coming!! we have some none too friendly observers off our starboard bow captain!! http://video.google.co.uk/videoplay?docid=...t+now&hl=en Edited August 20, 2009 by oracle Quote Link to comment Share on other sites More sharing options...
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