A lesson to be learnt.

iamesbo

I think the moral of the story is, when house prices start going through the roof, withdraw your savings from the banks. It would also keep house prices in check, which can't be a bad thing.

Of course the problem is by the time something like this happen again most of us will probably be dead.

Nice to finish on a cheery note :rotfl:

pumpndump

iamesbo wrote: »

I think the moral of the story is, when house prices start going through the roof, withdraw your savings from the banks. It would also keep house prices in check, which can't be a bad thing.

Of course the problem is by the time something like this happen again most of us will probably be dead.

Nice to finish on a cheery note :rotfl:

I am afraid you are wrong. Many of us will be alive when next it happens, which will be in 18 years time. The housing market goes in 18 year cycles. Of course people pooh-pooh this. But a few weeks ago, I heard a radio report on the decrease of house prices. Someone said: "Ths is the worst it's been for I]you can fill in the rest.[/I I had a good laugh. I don't think you can keep house prices in check. The same thing that happened 18 years ago will happen in 18 years time, although there willl not be the huge Credit Crunch - that is part of another cycle. Just remember, you read it first here.

Sun

Define "roof" ?

iamesbo wrote: »

house prices start going through the roof

KingL

And will house prices create a hole in it which will reduce the value of the property ?

iamesbo

pumpndump wrote: »

I am afraid you are wrong. Many of us will be alive when next it happens, which will be in 18 years time. The housing market goes in 18 year cycles. Of course people pooh-pooh this. But a few weeks ago, I heard a radio report on the decrease of house prices. Someone said: "Ths is the worst it's been for I]you can fill in the rest.[/I I had a good laugh. I don't think you can keep house prices in check. The same thing that happened 18 years ago will happen in 18 years time, although there willl not be the huge Credit Crunch - that is part of another cycle. Just remember, you read it first here.

You are wrong about the 18 year cycle those are merely blips this is the big one,
the once in a lifetime event like the great depression, typically followed by a world war. We have just had the 'roaring twenties' now it's payback time.

GeorgeHowell

Markets are driven by greed and fear. We've seen the greed ... now smell the fear.

iamesbo

Sun wrote: »

Define "roof" ?

roof playV2('en/US/dd/ddshsksjdoht');playV2('en/UK/dd/ddshsksjdoht')

Also found in: Medical, Acronyms, Idioms, Encyclopedia, Wikipedia, Hutchinson 0.01 sec.
roofplay_w2("R0298100") (rf, rf)n.1. a. The exterior surface and its supporting structures on the top of a building.
b. The upper exterior surface of a dwelling as a symbol of the home itself: three generations living under one roof.

2. The top covering of something: the roof of a car.
3. The upper surface of an anatomical structure, especially one having a vaulted inner structure: the roof of the mouth.
4. The highest point or limit; the summit or ceiling: A roof on prices is needed to keep our customers happy.

tr.v. roofed, roof·ing, roofs To furnish or cover with or as if with a roof.

Idioms: go through the roof Slang 1. To grow, intensify, or rise to an enormous, often unexpected degree: Operating costs went through the roof last year.
2. To become extremely angry: When I told her about breaking the window, she went through the roof.

raise the roof Slang 1. To be extremely noisy and boisterous: They raised the roof at the party.
2. To complain loudly and bitterly: Angry tenants finally raised the roof about their noisy neighbors.

pumpndump

iamesbo wrote: »

You are wrong about the 18 year cycle those are merely blips this is the big one,
the once in a lifetime event like the great depression, typically followed by a world war. We have just had the 'roaring twenties' now it's payback time.

The 18 year cycles still hold good. They will have merely coincided or even had a role to play in the big one.

Whether it really is THE BIG ONE remains to be seen. I will keep an open mind on that one. I have ceertainly rearranged my finances just in case. We have been in a bear market since 1998, and it is liable to last into the middle of the next decade, maybe beyond. I have lived through recessions before. This one has a different feel to it. We also have politicians on both sides of the Atlantic who are just not up to the job. Neither of the presidential candidates inspire me. Barack Obomber is full of a little word beginning with S. McCain will be dead from natural causes in a few months, and, as we all know, his running mate is as dumb as a brick.

Uncertain times ahead.