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Debate House Prices
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Lehmans
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posh*spice wrote: »'tis true Saudis want oil to be $100 - still falling though...:rolleyes:
So much for all the hype about the price being justified by supply and demand and nothing whatsoever to do with a speculative bubble.
The problem is that being an essential commodity (probably the most essential, after food and certainly a lot more lucrative) it's going to be prone to speculation and bubble prices.
Maybe now that the central banks are tightening up on the 'liquidity measures' we'll see some of the pressure taken off it. Though there's still hundreds of billions of dollars worth of bank-created credit to be destroyed before we see the end of asset class bubbles.
I wonder how many banks got burned when the oil bubble collapsed? Probably yet more holding out of begging bowls to come, I suspect.--
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.0 -
'tis true does not seem to have been peak-oil after all:whistle:
Gave us all a taste of what it will be like though and it's a pretty scary prospect_pale_
You still driving 5 minutes to work everyday then
:rotfl: :rotfl: Turn your face to the sun and the shadows fall behind you.0 -
Down another 40% today in pre-trade.There is a pleasure in the pathless woods, There is a rapture on the lonely shore, There is society, where none intrudes, By the deep sea, and music in its roar: I love not man the less, but Nature more...0
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worldtraveller wrote: »Down another 40% today in pre-trade.
'tis true;) waiting for it to break through $100...Turn your face to the sun and the shadows fall behind you.0 -
posh*spice wrote: »'tis true;) waiting for it to break through $100...
Sorry for any confusion, I was referring to Lehman.
There is a pleasure in the pathless woods, There is a rapture on the lonely shore, There is society, where none intrudes, By the deep sea, and music in its roar: I love not man the less, but Nature more...0 -
posh*spice wrote: »'tis true does not seem to have been peak-oil after all:whistle:
Gave us all a taste of what it will be like though and it's a pretty scary prospect_pale_
You still driving 5 minutes to work everyday then:rotfl: :rotfl:
Absolutely. Now it's only costing me something like 12p instead of 14p though! I do put vegie oil in my car quite often though as a substitute for diesel, so maybe that redeems me a bit. I reckon I get up to 12 miles per litre of fuel so it's not the worst.
Peak oil is gonna be massive. I'm amazed to see people refer to it as a theory sometimes though - it's real and it will happen, probably in the next decade.
It will make things like house prices look inconsequential. Although if I had to guess I'd say that it should boost the prices of small, energy efficient houses. Big, old, 'full of character' houses like the sort of ones currently beloved of property !!!!!! proggies will fall out of fashion very quickly when oil, gas and electricity shoot through the roof.--
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.0 -
worldtraveller wrote: »Sorry for any confusion, I was referring to Lehman.
ahhh:rotfl:that 'tis true also:rotfl:it is plummeting - just $4.4 now (before opening of NY...)Turn your face to the sun and the shadows fall behind you.0 -
This sounds like a job for ........
Helicopter Ben--
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.0
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