Debate House Prices


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Felixstowe Docks in trouble?

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  • mewbie_2
    mewbie_2 Posts: 6,058 Forumite
    1,000 Posts Combo Breaker
    Just musing on expected price drops next year. Barclays bloke says another 15%, guess that's some sort of finger in the air average. If you take these places like Felixstowe with the main source of income in trouble, Swindon and Honda, the City and Banks - could be much worse I guess. Add in every town that has a Woolworths, or MFI, or car dealer and it now seems like a virus spreading into every corner of the country.

    At this moment in time I'd rather go back to HPI 2006.
  • PasturesNew
    PasturesNew Posts: 70,698 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    I

    ... I belong to an organisation, shall we say, where business people gather and discuss such things
    Blokes in a bar.
  • Blokes in a bar.

    We call it a lounge actually!
  • SingleSue
    SingleSue Posts: 11,718 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    I take it you are from the Felixstowe area Vinegartits? I wonder if I know you.......probably don't though!
    We made it! All three boys have graduated, it's been hard work but it shows there is a possibility of a chance of normal (ish) life after a diagnosis (or two) of ASD. It's not been the easiest route but I am so glad I ignored everything and everyone and did my own therapies with them.
    Eldests' EDS diagnosis 4.5.10, mine 13.1.11 eekk - now having fun and games as a wheelchair user.
  • SingleSue wrote: »
    I take it you are from the Felixstowe area Vinegartits? I wonder if I know you.......probably don't though!


    My dear, I am sure I would remember you!
  • SingleSue
    SingleSue Posts: 11,718 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    I sort of blend into the wallpaper...very quiet and meek.

    *Until something pees me off that is!
    We made it! All three boys have graduated, it's been hard work but it shows there is a possibility of a chance of normal (ish) life after a diagnosis (or two) of ASD. It's not been the easiest route but I am so glad I ignored everything and everyone and did my own therapies with them.
    Eldests' EDS diagnosis 4.5.10, mine 13.1.11 eekk - now having fun and games as a wheelchair user.
  • SingleSue wrote: »
    I sort of blend into the wallpaper...very quiet and meek.

    *Until something pees me off that is!

    I find it hard to believe you can do both! All the same, I shall try very hard not to "pee" you off although I don't get on here that often, this is a bit of a guilty pleasure, bit like looking at !!!!!!......!!
  • Heard there has been a big drop in the number of ships unloading, especially from China...
    I've read that shipping costs from China have fallen 90%. This is past Great Depression territory.
  • WTF?_2
    WTF?_2 Posts: 4,592 Forumite
    mewbie wrote: »
    Just musing on expected price drops next year. Barclays bloke says another 15%, guess that's some sort of finger in the air average. If you take these places like Felixstowe with the main source of income in trouble, Swindon and Honda, the City and Banks - could be much worse I guess. Add in every town that has a Woolworths, or MFI, or car dealer and it now seems like a virus spreading into every corner of the country.

    At this moment in time I'd rather go back to HPI 2006.

    Unfortunately, HPI is part of the credit boom that caused this mess.

    It's quite simple - you can't keep extending large amounts of credit indefinitely, it has to be repaid sometime.

    And you absolutely shouldn't build an economy dependent on the premise of ever-expanding credit because when the credit dries up you are in big, big trouble.

    Had interest rates been set appropriate to the wild credit rush that was taking place (i.e. High, to tame the demand for credit and encourage people to save) and the regulatory authorities done their jobs, most of the worst of this mess could have been avoided.

    However as we saw, any tiny 0.25% increase in rates was greeted by the indebted masses like it was the end of the world and the government pursued an 'ask to questions' stance with respect to the operations of the financial markets.

    Now we are seeing the result.
    --
    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.
  • I've read that shipping costs from China have fallen 90%. This is past Great Depression territory.

    I don't think anyone disputes that we are in for a downward turn of historic proportions; the only thing left to debate is how long it will last and how high the casualty list will be.
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