Moneyweek - UK house prices will plummet: look at this scary chart

purch

it almost sounds like the beginning of 'Denial'!

It might to you..........to me it sounds like someone who expects prices to fall far further and faster in the coming months, pointing out the absurdity of calling two charts that are clearly not mirror images, mirror images !!!!

Sorry I keep forgetting the rules........you can only be bear or bull........no open minds allowed on this subject !!!!

teddyco

This article reminds me of an age old investment saying:

'A falling market is like dropping a kitchen knife, don't reach out and grab it until it hits the floor'.

I made a mistake that I will never make again after the 2000 Tech Bubble burst. I saw stocks falling and assumed in mid-flow that they would go up again. They didn't, and kept falling and I lost my shirt. Lesson learned never to repeat again.

So how do you know when the 'knife' hits the floor? When you hear folks say 'well it can't get any worse'...ha ha.

chucky

macaque wrote: »

Or read it until you heard a dripping sound from under your chair eh Chucky?

it actually make sme laugh but behave yourself monkey - otherwise your inadequecies will be more more visible

nickmason

lostinrates wrote: »

Nick...did you get the tea towel?

This weekend is shopping weekend.... :j

RetroBob

nickmason wrote: »

These graphs are rubbish. "Virtual Mirror" my backside. It suggests that the bubble cycle is from 1973-c2015; 40 years?! If you wanted to map it from about 1993, then it would actually corrolate a little better; you see a first sell-off around 2003/4. But it is still a vastly oversimplified view - this is really tabloid stuff.

Which is confirmed by his intriguing house price/ftse graph. I quite like it, it tells a story, but also he claims it illustrates a long term mean of 10. Not to my eyes.

It's all bunkum. Well, hyperbole, anyhow.

You have taken the words out of my mouth, although I was going to use the word horseshit. To compare the boom/crash cycle to a 40+ year timescale is actually laughable.

novazombie

Really2 wrote: »

MMMM

Should I sell my house. Rent the equiverelent house for over 7X more than what the intrest only part of my mortgage is.

Then invest the cash from the sale in shares?

Easy answer... No chance At least I know my house will still be standing at the end of the crash, a few wrong decisions on shares means I could lose a hell of a lot in a very short time.

Yes if you hold the shares long term perhaps you will be better off but how much money will I have lost on rent?

If you understood what moneyweek is saying they definately dont recommened selling your house to buy shares.

They do recommend selling your house to buy silver.

If you hold silver you could buy your house back plus a few more houses in a few years time. If precious metal mania takes off maybe you could buy 10 houses with the same amount of silver.

I have been following the price of silver since it was $50 oz, it went all the way down to $20 then even bellow $10 and I have bought a lot. Now its on its way back up to $50, but will take a few years. Thats why any bad news I hear about the economy is good news for me

purch

So how do you know when the 'knife' hits the floor?

You feel a sharp pain, cos it's sticking in your foot !!! :eek:

Mr_E_Man_2

I know it's a little off track, but a few people have mentioned Silver. I have some Silver Ingots and they are measured in Troy Ounces and not Ounces.

Could anybody tell me the difference and what the value of a Troy Ounce is?

Thanks

Eugene.

purch

The Bullion Boys like to have their own 'secret squirrel' weighting system.

In memory serves me right 1 Troy Ounce is about 1.15 Ordinary Ounces or 30 odd grams.

Generali

AIUI, there are 12 troy ounces to the pound as opposed to 16 ordinary (avoirdupois) ounces.

Thus a troy ounce = 16/12 = 1 1/3rd ounces.

Avoirdupois I think means 'to have of the pea'. Anyone know what pea ownership has to do with ounces?