munimula Posted May 25, 2007 Share Posted May 25, 2007 (edited) FP: going to be a crash because 1. interest rates falling over last decade now in reverse 2. BTL 3. jv: interest much lower fp: people borrowed 3 times fp: hsbc credit tightening to 90% jv: full employment, no economic shocks fp: look at US economic growth from 5%-1.5%. Oil risen to $70. Global inflation out of the bag. Food up 10% a year. BoE jv: what about the argument of supply shortage fp: not convinced about this. demand from BTLers, economically illiterate. when they stop buying supply will go through the roof. Florida prices going through the floor housepricecrash.co.uk mentioned Edited May 25, 2007 by munimula Quote Link to comment Share on other sites More sharing options...
No Muggy Bear Posted May 25, 2007 Share Posted May 25, 2007 Party Party Party Party Party Party Party Party Party Party Party Party Party Party !!! Ha ha, I thought FP was behind it! Good work fella! Quote Link to comment Share on other sites More sharing options...
Fancypants Posted May 25, 2007 Share Posted May 25, 2007 "economically illiterate" let's scotch this supply bs FP, rents haven't risen in a decade! the only supply issue of significance is the money supply issue. Quote Link to comment Share on other sites More sharing options...
munimula Posted May 25, 2007 Share Posted May 25, 2007 "economically illiterate" let's scotch this supply bs FP, rents haven't risen in a decade! the only supply issue of significance is the money supply issue. That was a brilliant line. Plenty of flats empty around me for rent...supply problem? Quote Link to comment Share on other sites More sharing options...
Backseat Economist Posted May 25, 2007 Share Posted May 25, 2007 Think the point needs to be made that we've had such an economic boom primarily due to HPI - this is what's caused the economic boom, given huge amounts of employment and enabled people to dip into debt. GT. Quote Link to comment Share on other sites More sharing options...
No Muggy Bear Posted May 25, 2007 Share Posted May 25, 2007 Party Party Party Party Party Party Party Party Party Party Party Party Party Party !!!Ha ha, I thought FP was behind it! Good work fella! Go FP, Go FP, Go FP, Go FP, Go FP, Go FP, Go FP, Go FP, Go FP, Go FP, Go FP, Go FP, Go FP, Go FP, Go FP, Go FP, Go FP, Go FP, Go FP, Go FP, Go FP, Go FP, Go FP, Go FP, Go FP, Go FP, Go FP, Go FP, Go FP, Go FP, Go FP, Go FP, Go FP, Go FP, Go FP, Go FP, Go FP, Go FP, Go FP, Go FP, Go FP, Go FP, Go FP, Go FP, Go FP, Go FP, Go FP, Go FP, Go FP, Go FP, Go FP, Go FP, Go FP, Go FP, Go FP, Go FP, Go FP, ha ha ha! Quote Link to comment Share on other sites More sharing options...
SHERWICK Posted May 25, 2007 Share Posted May 25, 2007 "economically illiterate" let's scotch this supply bs FP, rents haven't risen in a decade! the only supply issue of significance is the money supply issue. I personally wouldn't like to debate with Financial Planner, or indeed with any 'financial planner' given that I know how tough it is to get that qualification... Quote Link to comment Share on other sites More sharing options...
munimula Posted May 25, 2007 Share Posted May 25, 2007 Think the point needs to be made that we've had such an economic boom primarily due to HPI - this is what's caused the economic boom, given huge amounts of employment and enabled people to dip into debt.GT. Yep, housing bust = recession Not the other way around Quote Link to comment Share on other sites More sharing options...
munimula Posted May 25, 2007 Share Posted May 25, 2007 Gavin: OMG! 'property is still a great investment' Quote Link to comment Share on other sites More sharing options...
deadman Posted May 25, 2007 Share Posted May 25, 2007 "Property is stil a FANTASTIC investment". "Bubbles are very rare". Not anymore numb nuts. Quote Link to comment Share on other sites More sharing options...
Fancypants Posted May 25, 2007 Share Posted May 25, 2007 who's this chump? Boo hiss... destroy him FP. :angry: Quote Link to comment Share on other sites More sharing options...
Lord Lister Posted May 25, 2007 Share Posted May 25, 2007 Let us not forget Demand = desire + ABILITY to pay. This is key and usually missed out of the equation. Quote Link to comment Share on other sites More sharing options...
No Muggy Bear Posted May 25, 2007 Share Posted May 25, 2007 We are vultures waiting to hoover up bargains Ha ha ha! http://vrcoll.fa.pitt.edu/uag/Past-Exhibit...%20CCCCXXVI.jpg Quote Link to comment Share on other sites More sharing options...
Ethel Posted May 25, 2007 Share Posted May 25, 2007 Even the bullish guest just said to the potential FTB "you are not silly to wait" EH? But she'll miss the boat! Quote Link to comment Share on other sites More sharing options...
munimula Posted May 25, 2007 Share Posted May 25, 2007 Even the bullish guest just said to the potential FTB "you are not silly to wait"EH? But she'll miss the boat! But now he's just gone and said he's going to continue to invest in property Quote Link to comment Share on other sites More sharing options...
Ethel Posted May 25, 2007 Share Posted May 25, 2007 Financial Planner gets the last word!! Quote Link to comment Share on other sites More sharing options...
munimula Posted May 25, 2007 Share Posted May 25, 2007 Absolutely superb by FP Well done! Quote Link to comment Share on other sites More sharing options...
aardvark Posted May 25, 2007 Share Posted May 25, 2007 well done FP you star. Quote Link to comment Share on other sites More sharing options...
deadman Posted May 25, 2007 Share Posted May 25, 2007 Very well done to FP. Quote Link to comment Share on other sites More sharing options...
Smell the Fear Posted May 25, 2007 Share Posted May 25, 2007 Great finish FP! Quote Link to comment Share on other sites More sharing options...
hedgefunded Posted May 25, 2007 Share Posted May 25, 2007 Our boy done good. He even had the VI scumbag agreeing with him. It's happening. Quote Link to comment Share on other sites More sharing options...
Not 100% Sure Posted May 25, 2007 Share Posted May 25, 2007 Absolutely superb by FPWell done! The fact that rents haven't changed needed to be metioned to counter the supply issue Quote Link to comment Share on other sites More sharing options...
Fudge Posted May 25, 2007 Share Posted May 25, 2007 Financial Planner 7 Dipsticks 0 Quote Link to comment Share on other sites More sharing options...
Backseat Economist Posted May 25, 2007 Share Posted May 25, 2007 Brilliant last bit from FP - record debt, record govt borrowing, record trade deficit, record repos, lowest savings. Economy not in as good a shape as people think. Couldn't have put it better myself. Well done FP!! GT. Quote Link to comment Share on other sites More sharing options...
dude wheres my house Posted May 25, 2007 Share Posted May 25, 2007 Link??? Quote Link to comment Share on other sites More sharing options...
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