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Has This Crash Really Even Started Yet?

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37 out of the world's major 47 speculative bubbles showed a two stage collapse. The first was a period of "financial distress" characterised by relatively slow and steady declines in price, which was then followed by a period of "panic and collapse" when it was realised that all the serious players had exited the market and it was only propped up by fringe participants, who then all bolted for the exit at once like the proverbial fire in a night club.

If this property crash follows the pattern of the 37 then the real meat and two veg of the crash, the "panic and collapse" stage, is still to come. Ouch!

http://econospeak.blogspot.com/2008/07/fal...-financial.html

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First 50% fall.

Looks like a crash to me:-

http://www.rightmove.co.uk/viewdetails-171...=7&tr_t=buy

12nd Jul 2008

* Price changed: from 'From £50,000' to 'From £45,000'

3rd Jul 2008

* Price changed: from '£79,950' to 'From £50,000'

12nd Jun 2008

* Price changed: from '£89,000' to '£79,950'

* Title changed: BOWEN COURT, WAKE GREEN PARK, MOSELEY PARK

13rd Mar 2008

* Initial entry found.

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Has This Crash Really Even Started Yet?

Not really.

Scene setting.

Rehearsals for Act1 didn't go well

Some changes of cast/set/funding (see auctions for writing on the wall)

First night half full

Full run most unlikely, but no one wants to admit it.

We are in the afternoon before the second night .........

Quite a long long way from the inevitable unstoppable krystal nacht

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I think it is underway now, there was that hesitant period late last year, but now things seem to be in freefall. Saying that as unemployment increases I think things will accelerate.

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as unemployment increases

so will the denial

It's Humanity

It's the UK

It's house prices

ARGH! <_<

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First 50% fall.

Looks like a crash to me:-

http://www.rightmove.co.uk/viewdetails-171...=7&tr_t=buy

12nd Jul 2008

* Price changed: from 'From £50,000' to 'From £45,000'

3rd Jul 2008

* Price changed: from '£79,950' to 'From £50,000'

12nd Jun 2008

* Price changed: from '£89,000' to '£79,950'

* Title changed: BOWEN COURT, WAKE GREEN PARK, MOSELEY PARK

13rd Mar 2008

* Initial entry found.

Blimey - it looks like the `shooting gallery` in Trainspotting...

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The real fun begins when there is a run on the dollar and the US goes into bankrupt hyperinflationary banana republic mode.

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37 out of the world's major 47 speculative bubbles showed a two stage collapse. The first was a period of "financial distress" characterised by relatively slow and steady declines in price, which was then followed by a period of "panic and collapse" when it was realised that all the serious players had exited the market and it was only propped up by fringe participants, who then all bolted for the exit at once like the proverbial fire in a night club.

If this property crash follows the pattern of the 37 then the real meat and two veg of the crash, the "panic and collapse" stage, is still to come. Ouch!

http://econospeak.blogspot.com/2008/07/fal...-financial.html

We at the stage were the roller coaster just gets going after rolling over the crest of the big climb,from here it is Arhhhhhhhhhhhhhhhhhh Weeeeeeeeeeeeeeeeeeeeeeeeeeeee and scream of course. So the crash is on the way but quite a drop to go yet.

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All the talk from the politicians seem to support the theory that it's not even kicked off yet. We still have Brown/Darling denying obvious. So from that you can see they are trying to con the little guy into sticking around whilst all the big guys hit the exit door with as much cash as possible.

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  • 395 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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