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Well When Will The Crash Stop ?.....


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The Crash - when will the crash stop?

Has it actually started?

What crash are you actually referring to? There are many predicted on this site.

Many on this site are waiting for those unmentioned in the press.

Think you may need to wallow a little more on this site and bask in the joy of being a newbie before posting such a non-specific question again.

But welcome - linger here and you'll learn much - there are some very, very clever people here - and they'll contribute to your life in a big way if you let them in by reading the posts on a regular basis.

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So BXLONDONMAN

You want to press your views on this site without posting credentials or history or even your background or why you are posting your cystal ball view of the whole of the World economy.

Nice try.

As I said before - you need to linger here a bit.

You sound like a "spook" to me.

I say again - you are dealing with very, very clever people on this website - they won't buy your bite.

Who are you?

What's your background?

Why do you believe what you do - what evidence do you have?

Folks on this site need evidence - we don't just comment for the hell of it - unless we've had a few glasses of wine and are being nice to newbies.

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Even the Bank of England suggest a FURTHER 15% fall in house prices.

The BoE do not want to panic people. That means 15% is the absolute minimum of what it will actually be.

In any case, you cannot say whether the bottom (or top) of a market has been reached without the benefit of hindsight. It is an exercise in futility to attempt it. The one thing I am sure of, is that we ain't anywhere near it yet.

A small suckers rally may show up in some indices and be hailed as the beginning of the next 10 year boom, but I believe that will precede a swift march down to somewhere in the region of -40% from peak, and that is a conservative estimate.

I'll qualify that - an average of -40%. Poxy new-build flats will fall more than that, other more desirable properties may fall less.

Edited by scarlett
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there are some very, very clever people here - and they'll contribute to your life in a big way if you let them in by reading the posts on a regular basis.

:lol: Are there?!

Certainly there's a lot who think they're very clever.

Just out of interest, who did you have in mind as "very, very clever"?

Edited by Smith
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:( even if they have started to sort out the financial side of the banks, what about the aftermath we are now in recession as no one can get credit as easily anymore , no more mortgages at 7x earnings , no more liar applications , more unemployment as people cutback , then in 3 years time when or should i say if we finally come out the other side , there will not be as many jobs as if we lose 3 million jobs we will be lucky if we get back 50% of them , then you have got the huge national debt to repay = sky high taxes not to mention the huge debt the banks have got to repay = hi again to 15 - ?% interest rates as the bankers will want to pay it back as quickly as possible so they can start paying themselves their big bonuses again , as kevin costner said in that robin hood movie (my wifes keeps putting on i think she fancies him) AND SO IT BEGINS ! it is going to be years before we get to anywhere like normal i estimate 2021 calculations 3 years in recession then 10 years to sort the mess we are left with out

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So BXLONDONMAN

You want to press your views on this site without posting credentials or history or even your background or why you are posting your cystal ball view of the whole of the World economy.

Isn't that what 99% of the posts on this site are - predictions and opinions?

What credentials are you suggesting we have? A GCSE in world economics?

Even so called chief economists of Halifax and Nationwide cannot get their predictions right.

It stands to reason that if you want people to listen to your opinion, then it should include reasoning.

But evidence? credentials? life history???

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So BXLONDONMAN

You want to press your views on this site without posting credentials or history or even your background or why you are posting your cystal ball view of the whole of the World economy.

Nice try.

As I said before - you need to linger here a bit.

You sound like a "spook" to me.

I say again - you are dealing with very, very clever people on this website - they won't buy your bite.

Who are you?

What's your background?

Why do you believe what you do - what evidence do you have?

Folks on this site need evidence - we don't just comment for the hell of it - unless we've had a few glasses of wine and are being nice to newbies.

i will stick around till 00.04.2009 then you can tell me....

if i was right or wrong.....you will see how right i am or wrong..

i wish i could get decent odds...i would have a bet...

i was in the last crash....i bought just as the crash finshed back in 1982...

you want evidence....you will get it all in march 2009...

by the way i sold a few before the crash of 1989...

i went to belgium bought a few propertys..

in 1993 for beer money....i was lucky saw the euro was going to come...

back then returns on property in brussels was 20%....

better then the drugs trade and legal...

by the way no tax on property income...in belgium..

i was very lucky to spot that too..

as you say you have some very clever people on the site i agree...

then they can tell you a little about what i have told you...

yes i have been very lucky..

only reason i want hpc...is to make the market fair...

it really does not matter to me if property goes up or down i will not sell my house in london..

or my free holds unless the lease holders want to buy the free holds.

yes i was lucky very lucky....

and i did not take liar loans...

i am against liar loans...

i will stop...just to say. when you learn any trade...you know things ..

i could tell lods of silly stories. about how much i made on a property in a few months etc...

but whats the point its not about people like me...

its the first time buyers..

when i started to buy i always offered 30%...less..

got told to piss of a few times...but in the end sellers came back to agree around 25% off..on a falling market...never ever did i get this sort of cut on the up....on the up you buy you make loads anyway...

you never really get what you want in life...

just some times you get lucky and get near what you want...

when you really want to buy never set your heart on one property..

see many offer on a few buy at the best price...

if its your home for life only then go for the one....but you will pay for it..

you always do if you really want some thing....

sorry if i sound like a prat.....did not in any way mean too....

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I'm saying we have to be prepared for the fact that the HPC might soon be over. It's just a possibility, not definite. We don't want to be accused of being in denial, do we? Not after all the stuff that's been said on here about BTL landlords, EA's and other VIs.

Edited by blankster
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I'm saying we have to be prepared for the fact that the HPC might soon be over. It's just a possibility, not definite. We don't want to be accused of being in denial, do we? Not after all the stuff that's been said on here about BTL landlords, EA's and other VIs.

if hpc is over soon i will believe pm brown god to the bankers...

can walk on water...i will vote for his party.... :lol:

no chance the credit card bust is coming....

more money will be pumped into the banks.....

liar loans need to be kicked off again...they are what he needs to drive up prices..

lets see how many more bills his got and his going to at some point realise...

its a huge black hole.....not even super brown god to the bankers will fill it...

money,for liar loans will bust us this time for sure....

we will be the next iceland for sure....

not even brown could be that stupid...

for crying out loud i am a twit. even i can see whats going to come. if he goes down the wrong road...

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I thought I would have a laugh the other day and went on to the sinking pig to see how those losers were doing. And guess what, most of them are continuing to ramp property as if its a temporary downturn!

These people run BTL empires. Have set up companies with websites and 'advise' other people on things such as buying and converting a house into an HMO. Some of them even have their own web tv programmes on their sites as if they are Krusty Allsop or some other property porn hero. Its unbelieveable! They really do think that this is temporary and soon it will all go back to 20% growth in a year and soon. You cannot lose with property over the long term.

Crash has not even started yet. Wait until the UK are so strapped for cash the last thing they will be thinking about is houses more like how to buy hte baked beans.

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I'm not listening to the doom and gloom mongers anymore. I believe what my eyes tell me.

Houses around my way have only dropped 4% which is what you probably would have dropped anyway if you had an offer.

Nobody at my work is losing their job and no homeowners I know are even 1% worried about a HPC.

All the people on here offering 30% off houses are being told to 'Do one'.

When somebody posts they bought a £250k house in a nice area that I know for £125k then I'll put my hands up and say you were right all along.

Until that happens you're just the same as the Jehova Witness's. After all ,don't they think the end of the worlds coming and they will be only ones god saves?

Believe what you like but you won't fail to notice things are on the up now.

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Until that happens you're just the same as the Jehova Witness's Jehovah's Witnesses. After all, don't they think the end of the worlds world's coming and they will be only ones god God saves?

Difference being that whereas a JW has to knock on the door politely, we'll just buy up your repo'd house at auction in 18 months' time after you've been turfed out.

Edited by Si1
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I'm not listening to the doom and gloom mongers anymore. I believe what my eyes tell me.

Houses around my way have only dropped 4% which is what you probably would have dropped anyway if you had an offer.

Nobody at my work is losing their job and no homeowners I know are even 1% worried about a HPC.

All the people on here offering 30% off houses are being told to 'Do one'.

When somebody posts they bought a £250k house in a nice area that I know for £125k then I'll put my hands up and say you were right all along.

Until that happens you're just the same as the Jehova Witness's. After all ,don't they think the end of the worlds coming and they will be only ones god saves?

Believe what you like but you won't fail to notice things are on the up now.

Bloody hell a bull..... are rare breed on this site these days, where did you spring from? You are like Gordon Brown - in denial.

Oh things are on the up now, well thats ok everybody relax and the HPC is cancelled then. Really!

Edited by Spoony
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Why are people on this website still obsessed with housing? There is a worldwide depression coming and people are still whittling about houses. The IMF have already blasted $50B of its $200B funds on bailing out a handful of countries, at current estimates they need $600B and they don't have it, they are going to have to borrow it, but from where in the current climate. There are between 12 and 20 countries that are currently on the brink of a economic collapse and this is just the beginning. You might say "but who cares", guess what this is where the western economies have invested our money, it matters, this will add to the current situation and on top of that add economic instability. This was a housing crash, then a financial crisis, then a banking crisis, now a currency crisis and it's soon to be a global economic crisis.

So I conclude (in despair!), if anyone thinks house prices are going up you're a ******ing idiot.

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I'm not listening to the doom and gloom mongers anymore. I believe what my eyes tell me.

Houses around my way have only dropped 4% which is what you probably would have dropped anyway if you had an offer.

Nobody at my work is losing their job and no homeowners I know are even 1% worried about a HPC.

All the people on here offering 30% off houses are being told to 'Do one'.

When somebody posts they bought a £250k house in a nice area that I know for £125k then I'll put my hands up and say you were right all along.

Until that happens you're just the same as the Jehova Witness's. After all ,don't they think the end of the worlds coming and they will be only ones god saves?

Believe what you like but you won't fail to notice things are on the up now.

houses around your way may only have dropped 4% in which case how the heck did Nationwide and Halifax has come to the conclusion that prices have dropped ~ 15% over the last year? As far as nobody at your place of work has lost their jobs....well try telling that to the ppl who work for lehmans, l'oreal, vauxhall, ford, etc. It's time to get your blinkers off mate. HPC is here, the only question should be by how much will the prices drop!!

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