Letsdance Posted October 13, 2008 Share Posted October 13, 2008 Well its been the age old crash avoidance statement used by all the bulls. IMO we have crashed big time in the housing sector and I think further to go but the tsunami of debt may, and I don't 100% feel comfortable, have been avoided. Not just our government but basically the world have all contributed. Not often this happens every one singing from the same hymn sheet. My view, I'm pleased , I do BTL but have done since turn of century and paid off however even my savings were worth nothing, bail out after bail out, shares knackered, pension screwed, ISA not worth a jot. I was expecting houses down and cash is king, not in my opinion. What happens now, I have give up trying to predict were I go, 1 day to the next. Quote Link to comment Share on other sites More sharing options...
sikejsudjek Posted October 13, 2008 Share Posted October 13, 2008 The debt just got added to, with interest. Quote Link to comment Share on other sites More sharing options...
Paddles Posted October 13, 2008 Share Posted October 13, 2008 Google "Ronald Regan" and "the nine scariest words". Quote Link to comment Share on other sites More sharing options...
Roman Roady Posted October 13, 2008 Share Posted October 13, 2008 Google "Ronald Regan" and "the nine scariest words". Good call and sooo true! Quote Link to comment Share on other sites More sharing options...
time 2 raise interest rates Posted October 13, 2008 Share Posted October 13, 2008 (edited) So how many BTLs do you have, and how do you fill about each one having crashed in price by £27,500 in the last 14 months? Edited October 13, 2008 by time 2 raise interest rates Quote Link to comment Share on other sites More sharing options...
Letsdance Posted October 13, 2008 Author Share Posted October 13, 2008 Google "Ronald Regan" and "the nine scariest words". "The ultimate determinant in the struggle now going on for the world will not be bombs and rockets but a test of wills and ideas-a trial of spiritual resolve: the values we hold, the beliefs we cherish and the ideals to which we are dedicated, above all else ****** to Foxtons." Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted October 13, 2008 Share Posted October 13, 2008 Google "Ronald Regan" and "the nine scariest words". I think you'll find it's: "I'm George Bush and I'm the president" or "I'm Ponzi Brown and I'm here to save the world from economic collapse. I had 10 years of uninterrupted growth as chancellor until those damn Americans blew it all." Quote Link to comment Share on other sites More sharing options...
Moo Posted October 13, 2008 Share Posted October 13, 2008 I'm not sure we can equate preventing the collapse of RBS and HBOS with a sudden restarting of 2007esque debt madness. We're still heading for a good 'ol-fashioned recession, with all that entails. It's still a housing crash, and that'll only stop when prices have reached sane levels... so not for a few years yet. Quote Link to comment Share on other sites More sharing options...
Letsdance Posted October 13, 2008 Author Share Posted October 13, 2008 So how many BTLs do you have, and how do you fill about each one having crashed in price by £27,500 in the last 14 months? Check my previous posts for details, not a big portfolio. No probs about the drop in price, I have paid them off all bar 1, £23k owed, long standing tenants and fair bit in savings. Also have own business and in full time employment £30k. Still not happy about the current situation though!!! Quote Link to comment Share on other sites More sharing options...
quantinghome Posted October 13, 2008 Share Posted October 13, 2008 Google "Ronald Regan" and "the nine scariest words". If only he meant it. Scroll down this page and you'll see who started racking up the zillions of US government debt. Quote Link to comment Share on other sites More sharing options...
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