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teddyboy

Whose Laughing Now?

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Just like to say WELL DONE to all the HPC posters over the years... If you look at our pinned topic on CREDIT TIGHTENING you will see that it was started on December 8th 2005!

More than TWO YEARS ahead of the general public, and the Government! So anyone that says we are nutters!!! Just go to this thread and see how f*cking stupid we were...We were ridiculed by Millions, we are made to look like DOOM mongers.... BUT...We seen it coming ages ago!!!!

We are far smarter than we get credit for!!

I just hope all those people that wrote us off as NUTTERS eat their words.... The credit crunch is HAPPENING now and its probably a lot harder than even we expected. With no money to prop up the market, then the falls are going to be huge. In the past, rates and sentiment dropped prices... the money was *FREELY* available, although expensive. Now the money is NOT *FREELY*available and IS EXPENSIVE and will likely get worse :blink:

Oh and by the way.... IT IS DIFFERENT THIS TIME - ITS MUCH, MUCH WORSE!!!

TB

*Had to amend - had an OXYMORON there NO MONEY AVAILABLE and EXPENSIVE!!! :wacko: wtf! :D

Edited by teddyboy

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Excellent post!

Sometimes it's just worth waiting for good things to happen. In spite of being castigated by our colleagues at work or being looked at as if we were escaped mental patients - it has been worth it.

Shadenfraude! (Or however you spell it)

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Excellent post!

Sometimes it's just worth waiting for good things to happen. In spite of being castigated by our colleagues at work or being looked at as if we were escaped mental patients - it has been worth it.

Shadenfraude! (Or however you spell it)

But rates are going to go down when we join the Euro, and we do have a decade of unprecedented miracles of money making economics. I am sure the canny Scott has saved several trillion to tide us all over through the bad patch ?

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But rates are going to go down when we join the Euro, and we do have a decade of unprecedented miracles of money making economics. I am sure the canny Scott has saved several trillion pounds/supermarket coupons/bottle caps to tide us all over through the bad patch ?

Needed editing for factual correctness

Edited by alexw

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I like being a doom monger its fcukin brilliant :)

hear hear, damn those bloody optimists! All those easily herded types should stop buying houses and start eating grass.

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And given that the leader of the opposition to HPC is an individual who rants about us in drag on a webcam - that is when he's not creating homages to Robert Mapplethorpe involving an umbrella - this does rather enhance the site's kudos.

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Excellent post!

Sometimes it's just worth waiting for good things to happen. In spite of being castigated by our colleagues at work or being looked at as if we were escaped mental patients - it has been worth it.

Shadenfraude! (Or however you spell it)

schadenfreude

schaden - damage

freude - joy

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Doom Monger or Realist?

Renting 'Is Dead Money' argument seems to be dying a death, but what is really scary is the scale of the fall coming and the social tensions that it will create.

And who are HMRC gunna nail for that massive deficit in the public accounts?

It won't be illegals, they aren't on the radar and finding them is to hard/expensive

It won't be the super rich, they will just up sticks and leave and take thier money with em.

It won't be those on benefits (Excluding Incap) as making peeps homeless/hungry is bad.

It won't be public sector, as they fund the buggers in charge.

It WILL BE middle england (oh thats so daily mail) that has to clean up the mess, through as much stealth tax and direct tax as humanly possible and I urge those with the skills/sense to seek alternatives.

Quality of life is not related to how much your house is worth, Although the MPC seem to think it is?

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People will look back at that period (2000-2007) with complete embarassment. :rolleyes:

The entire population were taken in by the fact they truely believed that their houses were an ever growing pot of gold. The lies, the fraud, the frenzy and the compulsive greed that inflicted the population has now come to an abrupt end.

I have a feeling we may have witnessed the last speculative housing bubble of our lifetimes.

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People will look back at that period (2000-2007) with complete embarassment. :rolleyes:

The entire population were taken in by the fact they truely believed that their houses were an ever growing pot of gold. The lies, the fraud, the frenzy and the compulsive greed that inflicted the population has now come to an abrupt end.

I have a feeling we may have witnessed the last speculative housing bubble of our lifetimes.

snigger :P other than gold or is that different..this time? :D

Edited by Converted Lurker

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snigger :P other than gold or is that different..this time? :D

We're talking completely different fundamentals where the price of gold is generally the inverse of our currency devaluation.

Of course there will be a speculative bubble at some point but I don't expect to gain too much wealth from it.

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I'd like t give much respect to DR. Bubb, he first bought credit tightening to our attention years ago and said it would be the catalyst, he was also I think THE first person to start talking about gold on this board back in 2003/2004, Bubb was the first guy to get me thinking about gold and his recommendations started a journey for me that has been VERY VERY profitable thus far - it has taken time but he has been way ahead on his calls.

Bubb has had some ridicule about his HPC and GOLD calls but he has/is being proved correct.

Thanks and well done Dr. Bubb

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look at this for a post in 2004!

"...That said, I have 50k in a Northern Rock term deposit maturing in December and I am going to take it elsewhere, even if it means a few tenths percentage points less interest. I think the NR is a prime candidate for a bank going bust..."

http://www.housepricecrash.co.uk/forum/ind...entry3230

WOW

Full comment from Bubble Pricker - where is he now?

'There is a danger that banks go belly up in a bad property crash, but I think the danger is small. Some smaller BS, which too agressively tried to increase market share with loose lending might be at risk. BS are generally a greater risk, because they have no shareholders to go back to to bail them out. That said, I have 50k in a Northern Rock term deposit maturing in December and I am going to take it elsewhere, even if it means a few tenths percentage points less interest. I think the NR is a prime candidate for a bank going bust, which is overall still a very unlikely event.'

Goof forsesight considering forme BS's A&L and B&B aren't doing too good and it IS a result of chasing market share.

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People will look back at that period (2000-2007) with complete embarassment. :rolleyes:

The entire population were taken in by the fact they truely believed that their houses were an ever growing pot of gold. The lies, the fraud, the frenzy and the compulsive greed that inflicted the population has now come to an abrupt end.

I have a feeling we may have witnessed the last speculative housing bubble of our lifetimes.

I was with you right up until the end. If you really think that everyone won't just pile into whatever new bubble/money making scheme comes along, I would recommend a look through the sheer number of them throughout the past few hundred years.

the dotcom bust should have been enough to smarten people up, as well as HPC 1, but nioether of them seemed to have any effect at all.

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I have a feeling we may have witnessed the last speculative housing bubble of our lifetimes.

The next boom starts in 2018 and runs to 2032 which is convenient since I will be retiring around then and will need to downtrade.

(see the graph on the other page 1 thread that shows demographics or 41yr olds vs house prices).

VMR.

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I was with you right up until the end. If you really think that everyone won't just pile into whatever new bubble/money making scheme comes along, I would recommend a look through the sheer number of them throughout the past few hundred years.

the dotcom bust should have been enough to smarten people up, as well as HPC 1, but nioether of them seemed to have any effect at all.

I'm thinking on the lines that our fractional reserve fiat monetary unit will change over the next 5-10 years.

After the full magnitude of losses have been revealed and whilst the next great depression plays out, people will demand it.

Edited by narco

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My latest keen interest is urban planning, with a particular focus on New Urbanist concepts. Within 2-3 years, I hope to be in a position to invest (at bargain prices) in communities within the USA that are rebuilding themselves away from the old-fashion "tragedy of suburbia" model into communities with a real future, using the important principles of the New urbanist movement.

Why not join the adventure? I reckon it will be profitable to be involved, even if it is just investing alongside, in your own way.

Dr Bubb well done with the investments your stethoscope must be working.

With respect to new urban concepts I strongly recommend that you look at the past in particular the relatively unknown works and writings of Mr Robert Owens the Welsh social reformer who was well ahead of his time with his promotion of investment in human capital and utopian socialism. New Lanark in Scotland a relatively unknown place reveals a lot of what can work well also New Harmony in Indiana worth a review. New Lanark left a big impression on me and I have personally implemented the quality monitor system that he devised.

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