Crash Crash Crash !!!!!!!!!!!!!!!!!!!!!!!!!!!

MrRee_2

Indeed, I have watched as those who bought when everyone was saying SELL ...... have mopped up massive profits this last few months!!

John_Pierpoint

Yes I thought I had got it right
Here is a nearby property, also on a spit of land next to the sea.
Footballer on one side and banker on the other?
Not what I would call typical of the UK property market.
http://www.zoopla.co.uk/for-sale/details/13665289

sabretoothtigger

John Templeton who invested at the start of WW2 and quadrupled his money wrote this in 2005, he died in 2008 aged 95
This internal memo was not released till 2010

http://www.newsmax.com/Ruddy/john-templeton-John-Templeton/2010/03/09/id/352142






http://www.bbc.co.uk/news/business-15748696

Dollar downfall? Here’s how it could happen

(even Algeria has bigger reserves than the US, Booth points out)

http://www.citywire.co.uk/money/dollar-downfall-here-s-how-it-could-happen/a543434?re=16791&ea=249194&utm_source=BulkEmail_Money_Daily&utm_medium=BulkEmail_Money_Daily&utm_campaign=BulkEmail_Money_Daily

blisk3

The inevitable.

House sellers drop asking prices by 3.1%

The asking price of homes being put up for sale has fallen by 3.1% in the past month, according to the property website Rightmove.

The average asking price of newly marketed properties fell during November by £7,528 to £232,144.

Rightmove said prices, and the number of homes up for sale, were being depressed by economic uncertainty.

The fall in asking prices was the biggest in cash terms that Rightmove had recorded since December 2007.

It was also the third largest in percentage terms recorded so far.

Game on !

Pete111

Hmmmm. Not seeing this in the South East .

As an example I've just sold my London flat - completed this week. We made 90k on 2004 price paid and the sale price was within 3% of estimated 2007 peak. As an aside, between 2007-2011 we made a net profit of 2.5k per annum on the rental

Either my timing is near perfect or your argument is well...a bit rubbish really.

Hey just thought, perhaps it's both!

robin_banks

Pete111 wrote: »

Hmmmm. Not seeing this in the South East .

As an example I've just sold my London flat - completed this week. We made 90k on 2004 price paid and the sale price was within 3% of estimated 2007 peak. As an aside, between 2007-2011 we made a net profit of 2.5k per annum on the rental

Either my timing is near perfect or your argument is well...a bit rubbish really.

Hey just thought, perhaps it's both!

It's the same old mistake everyone makes.

There is no such thing as THE housing market, merely an aggregate of many.

Unsurprisingly some markets are doing well and other markets are not.

blisk3

Economy is not recovering with recession deepening, expect bad news in chancellors statement next week, eurozone crisis still to bite, all economic fundamental are out of synch, uk government seems to have lost direction.

Storm clouds on horizon.

Something big is going to happen i can feel it.

Suggest people stockpile food, gold & money under bed.

Mrs_Bones

blisk3 wrote: »

Suggest people stockpile food, gold & money under bed.

If people are going to do that, particularly the gold under the bed bit. I'd also suggest they get a gun and know how to use it.

sabretoothtigger

2008 rerun then, my food went off

The only bad news the chancellor can release is regarding government policy and taxes and we are already aware national finances are in a bad spot. The market at least is not charging us alot of interest, that would be my main worry and would box in any lax stance on taxes

blisk3

Mrs_Bones wrote: »

If people are going to do that, particularly the gold under the bed bit. I'd also suggest they get a gun and know how to use it.

Booby trap your house or build a castle.