Debate House Prices


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Any guesses on where we will be in 2010

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  • Generali
    Generali Posts: 36,411 Forumite
    10,000 Posts Combo Breaker
    Don't the Icelandics eat some sort of partly cured fermented shark that's burried in the ground for 6 months?

    I ate crocodile in York once. That was very nice. I don't know if it was authentic Yorkshire crocodile though. I suspect it was imported.
  • neverdespairgirl
    neverdespairgirl Posts: 16,501 Forumite
    Generali wrote: »
    Don't the Icelandics eat some sort of partly cured fermented shark that's burried in the ground for 6 months?

    They do. But my mother didn't (-:
    ...much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.
  • Dithering_Dad
    Dithering_Dad Posts: 4,554 Forumite
    Mortgage-free Glee!
    The scandinavians eat Lutefisk, which is cod marinaded in Lye. You have to be careful how long you marinade it though because the lye will turn the fats into soap if left too long. Yum.
    Mortgage Free in 3 Years (Apr 2007 / Currently / Δ Difference)
    [strike]● Interest Only Pt: £36,924.12 / £ - - - - 1.00 / Δ £36,923.12[/strike] - Paid off! Yay!! :)
    ● Home Extension: £48,468.07 / £44,435.42 / Δ £4032.65
    ● Repayment Part: £64,331.11 / £59,877.15 / Δ £4453.96
    Total Mortgage Debt: £149,723.30 / £104,313.57 / Δ £45,409.73
  • lostinrates
    lostinrates Posts: 55,283 Forumite
    I've been Money Tipped!
    The scandinavians eat Lutefisk, which is cod marinaded in Lye. You have to be careful how long you marinade it though because the lye will turn the fats into soap if left too long. Yum.

    You're thinking about this lutefisk a lot lately DD....;)
  • fimonkey
    fimonkey Posts: 1,238 Forumite
    Part of the Furniture 500 Posts Name Dropper Combo Breaker
    From house prices to fish in one thread... Love it!

    btw, what's a 'short' position, that was referred to in STR in previous post?

    Also, just to add, as a potential FTB saving a big deposit, great job security... it's nerve wracking trying to guess how much proces will drop by. Already there are some bargains coming up, and I'm really having to sit on my hands to not even view. ... But if the market stabilises then I may kick myself at not snapping up such a bargain. ... I guess trying to guess the bottom is a tough call!
  • Dithering_Dad
    Dithering_Dad Posts: 4,554 Forumite
    Mortgage-free Glee!
    You're thinking about this lutefisk a lot lately DD....;)


    Lol, true. I'm still trying to digest the damn stuff!
    Mortgage Free in 3 Years (Apr 2007 / Currently / Δ Difference)
    [strike]● Interest Only Pt: £36,924.12 / £ - - - - 1.00 / Δ £36,923.12[/strike] - Paid off! Yay!! :)
    ● Home Extension: £48,468.07 / £44,435.42 / Δ £4032.65
    ● Repayment Part: £64,331.11 / £59,877.15 / Δ £4453.96
    Total Mortgage Debt: £149,723.30 / £104,313.57 / Δ £45,409.73
  • trudiha
    trudiha Posts: 398 Forumite
    Will lutefisk be more or less expensive in 10 years time? Will hugging the lutefisk have any impact on its relative price? Is the manufacture of lutefisk a secure occupation? Have any lutefisk actually received three times their deposit from a dodge landlord?
  • basketcase
    basketcase Posts: 1,229 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    trudiha wrote: »
    Will lutefisk be more or less expensive in 10 years time? Will hugging the lutefisk have any impact on its relative price? Is the manufacture of lutefisk a secure occupation? Have any lutefisk actually received three times their deposit from a dodge landlord?

    And were any lutefisk hurt in the making of this post?!
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  • Generali
    Generali Posts: 36,411 Forumite
    10,000 Posts Combo Breaker
    fimonkey wrote: »
    btw, what's a 'short' position, that was referred to in STR in previous post?

    A short position is related to trading in shares. If you see a share you think is likely to go down in price, you can borrow some of them and then sell shares you borrowed. You then hope that the shares will go down in price so you can buy them back for less than you sold them for and return them to the person you borrowed them from thus making a profit.

    Instead of buying at a low price and then selling at a high one, it's sell high and then buy low.

    Borrowing a share normally costs you about 0.4% of the value of the stock over a year. Plus you have to make good any dividends the person you borrowed from has missed.

    Some politicians see this as a pernicious practice that should be banned. Politicians gave us World War One and the Millenium Dome.
  • WTF?_2
    WTF?_2 Posts: 4,592 Forumite
    Generali wrote: »
    A short position is related to trading in shares. If you see a share you think is likely to go down in price, you can borrow some of them and then sell shares you borrowed. You then hope that the shares will go down in price so you can buy them back for less than you sold them for and return them to the person you borrowed them from thus making a profit.

    Instead of buying at a low price and then selling at a high one, it's sell high and then buy low.

    Borrowing a share normally costs you about 0.4% of the value of the stock over a year. Plus you have to make good any dividends the person you borrowed from has missed.

    Some politicians see this as a pernicious practice that should be banned. Politicians gave us World War One and the Millenium Dome.

    But ,,, but,,, it's all those short sellers driving the (obviously fundamentally sound) market down.

    And pretty good they are at it too - FTSE now looking very close to hitting 5000, down from 12 months highs of 6730.

    3+bbc-big_thick-line+twelve_month.png
    --
    Every pound less borrowed (to buy a house) is more than two pounds less to repay and more than three pounds less to earn, over the course of a typical mortgage.
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