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Tell me this is not the best country in the world
https://www.bbc.co.uk/news/business-48637484 About half of my huge family now own second homes, we are living in a world where my parents could only once dream of when they first moved to England.
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Unhygienic van conversions being used as housing, must be stopped
About three years in my village we had to have three large vans removed which were converted into stealth living quarters which were starting to become an eyesore. I have since seen hundreds if not thousands of these types of vans littered all over the county and now the country, and those are the ones that are obvious and…
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The property market is about to crash because of ....... ...... ....
I seriously burst out laughing when I read this on housepricecrash.com, "how will Boris Johnson effect house prices". Just of the top of my head........ How will bird flu effect house prices How will the UK riots effect house prices How will Gordon Brown becoming PM effect house prices How will the Arab spring effect house…
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Predicting things that have already happened
Further to AG47's 2016 thread, in which he predicted that Deutsche Bank's share price would fall below 100 (at the time it was 13.37, and fell below 100 nine years previously) let's have a thread for predicting things that have already happened. Here's mine: I predict Theresa May will lose her majority in the 2017…
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Is Crashy an estate agent?
I was searching for something else and came across this gem of a thread from a year or so back https://forums.moneysavingexpert.com/showthread.php?t=5861328&page=3#topofpage in which Crashy advises someone asking £92k for their house to drop the price to £70k to sell it. I'm fairly sure that the door number is #13 in that…
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Global recession 2019/20??
I have been researching lots of economic data and analyst reports and there seems to be a lot of negative sentiment in the US economy at present. There is a growing mountain of debt and its unsustainable! People believe there is a lot of cover up in the government and Fed to keep the economy ticking on. Its been over 10…
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I just want to hear one of them admit they called the property market so badly
After 20 years and thousands of failed predictions from once thousands of posters at it's height who blamed or connected endless "black swan" events as the reason that a property crash was now on the eve of happening, has anyone ever heard just one of them admit that they had badly called it wrong and will continue to call…
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Bit Coin
Decided to join the HPC goons and buy my first Bit Coins yesterday. If this electronically printable money works out I won’t let these goons get the jump on me to buy my property off me for peanuts. I will chart the price movements over the next year. All bases covered.
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Has anyone seen any problems in their local economies that suggests a recession is coming
For several weeks now I have had various conversations with various industries and people on how they are struggling with orders and work, Just had a conversation with some top end builders who have dried up with a few of them taking a long summer break abroad and making the most of it, and hoping things will be better in…
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£1.7 Trillion in personal debt, no wonder people cannot afford to buy a home.
I have been meaning to put a post up on here about why so many people complaining about so called "over priced housing" will never have a chance to get on the ladder because of their own stupidity and over spending on dross they do not need. I saw an article on the BBC website this weekend which I could not paste it quick…
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International students are abandoning the UK
https://www.theguardian.com/commentisfree/2018/nov/06/international-students-britain-universities-immigration-policy International young people like these are abandoning the UK in favour of the US, Canada, and Aus Very sad that this is the case. There is no more vital flow of people than young people people seeking…
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A sinner who repents ??
Peter Oborne, Daily Mail columnist, ardent Brexiteer is having second thoughts He went even further on LBC a while ago. ETA https://www.opendemocracy.net/en/opendemocracyuk/i-was-strong-brexiteer-now-we-must-swallow-our-pride-and-think-again/
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Increase in remortgaging
An increase in people remortgaging and withdrawing cash. Average additional borrowing £55,700. Are we going back to the old days? I guess we'll see an increase in people hitting retirement with substantial mortgage debt. http://www.cityam.com/277715/uk-remortgaging-rate-jumps-owners-cash-low-interest-rates
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Is a 'No Cash' society a threat?
The move away from cash towards digital only trundles on. Interestingly (and perhaps alarmingly) this move appears to be encouraged by many members of the public. Is it a ''good idea'' to abandon cash for the sake of convenience and to tackle crime and tax evasion? Or does a digital only system hand too much power and…
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Brexit is bad for housing, that's why some want it
Now I get it why so many want a destructive Brexit, it is purely out of envy and spite. I am just recovering from a reunion of old friends from my old town last night. Subject soon got onto Brexit and thankfully I can pat myself on the back for having the good taste to choose friends who voted Remain, though several were…
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No more boom and bust?
There is evidence going all the way back to when records began, it has always been boom and bust cycle that has not ended despite what the perma prop bulls say. The issue is that the perma prob bulls think boom and bust is over. Those of us who are more realistic know the truth that after every boom there will be a similar…
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Why are house prices still so high?
When many people in the UK are on a low wage, working the Gig Economy or earning the basic UK salary (which I believe is in the region of £27,271) why are property prices (especially in London) still as high as they are? I would have thought that because owning a property is out of reach of many people, especially the…
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What steps will gov take if 35%+ HPC?
If Mark Carney is correct in his 35% house price crash predictions over the next few years then what steps will the government take to cope with all the repossessed properties? HTB 1 was quite effective helping the bubble, then help to bubble 2 was less effective but still helped to keep the bubble inflated. Maybe help to…
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Is a property market crash coming? And if so would it affect liveaboards?
Hi, We are considering to take out a loan and buy a barge to live on. A friend of mine warned that a property market crash might be coming after Brexit which would also affects the prices of boats and thus it is not the best time to buy a boat. However we have been renting for a while now and cannot seem to get on the…
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Tenant tax push London rental prices p
Rightmove are reporting that asking rents in London have hit a record high. Not unsurprising, given the additional property taxes on renters and landlords over the past few years: https://www.propertyinvestortoday.co.uk/breaking-news/2019/4/asking-rents-in-london-hit-record-high