Thursday, April 3, 2008

The FT is fully bought into a 20 to 30% HPC now

Financial Times

This article from the front page FT columnist John Authers says 20 to 30% falls in UK house prices are guaranteed as the UK follows the US.
He also says that GBP is really going to plummet with the UK HPC.
HPC is sooo mainstream, I am starting to visit this website less.
The world has now woken up to the truth.

Posted by voiceofreason @ 09:48 PM (1276 views)
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15 thoughts on “The FT is fully bought into a 20 to 30% HPC now

  • I would agree that our rantings have finally been vindicated.

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  • don’t go VoR!!!

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  • I like being the underdog, but somehow feel like everyone else now believes houses will crash I am an underdog no more. Is anyone going to thank us for our good advice? those that have heeded it of course. Don’t we even get a slap on the back for a job well done?

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  • voiceofreason says:

    Interesting point ! But I doubt we could explain it all to the Sheeple. Too complicated.

    FP, little prof, david 90210 (!!!), JU, uncle chris, enui, converted lurker, dohousescrash, s2r, still thinking, confused76, lvmreader, p4c, paul, inbreda, geed ๐Ÿ™‚ and everyone else, it is like turning up the the Theatre knowing the whole play before it has started.
    Maybe we should just head straight for the bar ๐Ÿ™‚

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  • justwatching says:

    hatched, chickens, count, don’t

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  • I’m only in it for one thing and that’s to get a decent house for sensible money once the dust has settled. Something in me just wouldn’t pay the ever more insane prices being demanded in the last few years.

    But it’s nice to be right.

    My landlord is still looking for last summer’s premium price for this house I’m in though, and what’s worse he’s had a few viewers through lately … there are still plenty of nersils out there who haven’t got it yet.

    To expand on justwatching’s point: I don’t think this site’s work is done quite yet.

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  • @VoR: ๐Ÿ™‚

    How about we start a forum for how to prevent ANOTHER HPC in the UK and push for people power to get it changed. An in-depth appraisal of this one, reasoned, explained – no vested interests (as opposed to topless ones)…

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  • FT needs a “Mavericks” column of guest writers which is half-way house between something like this and their standard mainstream.

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  • @ Paul says: I would agree that our rantings have finally been vindicated.

    You are the guy who was suggesting Iceland banks are safest in Europe because the got 5B ‘floating around’ last week. joker! You guys need to take a good look at yourselves!

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  • 3. geed said… feel like everyone else now believes houses will crash I am an underdog no more. Is anyone going to thank us for our good advice?

    Geek, I wonder what congrats you feel will be in order, the day you actually yourself a job and a little flat? Hang in there son, just keep believing..the force is with you.

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  • 5. voiceofreason said…

    FP, little prof, david 90210 (!!!), JU, uncle chris, enui, converted lurker, dohousescrash, s2r, still thinking, confused76, lvmreader, p4c, paul, inbreda, geed ๐Ÿ™‚ and everyone else, it is like turning up the the Theatre knowing the whole play before it has started.
    Maybe we should just head straight for the bar ๐Ÿ™‚

    Who needs reality when you can stay in the bar…best place for you lads!!

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  • “hatched, chickens, count, don’t”

    Quite true, chickens can’t count until they are at least a few months old.

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  • What’s going to happen to all those “I want a property abroad” programmes where we’re introduced to Mr and Mrs Smith who want to spend up to ยฃ300K (or as the presenters always put it, “release equity”) on a foreign home? Perhaps we’ll see a new programme entitled “Flog that foreign home – quickly!”. You know what two words really amuse me and typify the nations collective mindset over the last decade? “Equity release”. Yes, taking on more debt was transformed into “equity release” as if somehow “equity release” could never come back and bite you on the backside in the way that a bigger debt could. It was regularly used on all the porperty buying television programmes and it became a real triumph of the lenders marketing-speak that something so blatant could become so socially acceptable. Makes me chuckle!

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  • voiceofreason says:

    growler @8.

    It would be nice if we had a lobby organisation for stricter control of credit.
    But how would it be funded against the VIs own lobbyists ?

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  • This article assumes that Sterling will crash just as the dollar has done because it assumes that the BoE will follow the Fed’s route of tryng to inflate away the bubble.

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