America 29% v UK 20% .....be very careful !

System

Dan: wrote: »

If you don't agree with the Wookie then your're go on his ignore list. :rotfl::rotfl::rotfl:

And a moron, don't forget the moron.

ad44downey

I've noticed that, since putting Chucky/Dan on my ignore list, the standard of debate on this forum to have improved immeasurably

StevieJ

Wookster wrote: »

Another moron for the ignore list.

Hey Wookie, you are giving immigrants a bad name.

Dan:_4

ad44downey wrote: »

I've noticed that, since putting Chucky/Dan on my ignore list, the standard of debate on this forum to have improved immeasurably

:rotfl:How come you still reply to our posts? :rolleyes:

StevieJ

Joeskeppi wrote: »

And a moron, don't forget the moron.

Just cos he's better looking than me
just cos he's cool and trendy

but I know he is a moron, Gordon is a moron
Gordon is a moron, gordon is a moron

the_ash_and_the_oak

baileysbattlebus wrote: »

Pres. Obama had a moratorium on foreclosure, which was lifted last month and lenders have started repossessing again.
In March 175,000 homes were repossessed.

This year there 600,000 foreclosures started and 370,000 actual repossessions. The highest since records began.

With rising unemployment, the backlog of foreclosures, increasing abandonment of property their problems are far from over.

They also have over 12 months supply of unsold new builds.

The US relies on China for a lot of it's financing - China is the largest holder of US bonds. Earlier this year the Chinese were making noises about the safety of their assets.

On the back of the US saying it thought China was manipulating the value of the Yuan to gain trade advantage over US companies, the Chinese said no one but themselves would decide where the Yuan goes.


The US have been backpedalling quickly.

As of December last year China owned $727.4bn in US bonds - no wonder they are worried.

If China loses it's appetite for US investments, it could see the $ declining and interest rates rising, thus worsening the recession in the US.

agree with most of above. I think there's a long way to go (and more fallout to come) in the US yet, and I agree that they are some distance from their bottom. I also think they are in far better shape to recover than UK/EUR

the_ash_and_the_oak

mitchaa wrote: »

You have failed to metion the timelines.

America down 29% in 3 years
UK down 20% in 19 months

If we are to follow path with America our drops will be 9% in the next 17 months.

No reason to suggest our falls will be any worse than theirs so if there is only going to be a 9% drop in the next 17-18months then i would seriously be thinking about buying in the not too distant future.

Silly waiting for that 9%, as in a year and a halfs time interest rates will be quite a bit higher than they are now meaning the 9% you have saved yourself in purchase price is taken up and more with bigger interest payments.

Prices didn't really get that high in the US imo (comparatively). Also worth pointing I think the US is actually truly a series of regional markets (I know some say the same about the UK but I'm not convinced by that) - Looking at what happened with both boom and bust in NV or CA and then comparing with situation in Maine is pretty interesting. Part of the reason I think continuing falls in the UK will be more pronunced than in the US is because i) the boom was more pronounced in the UK than the US, and ii) the falls to date have been more pronounced in the UK than the US. At both ends of the scale the entire cycle has been more pronounced, and will continue to be so imo.

I believe the falls over the next 18 months will be higher than 9% (my view is 20% in that time frame). Also if interest rates really are significantly higher in 18 months time this will have a further negative effect on prices imo (and may also provide better returns for savers)

bing0

Thanks for all your comments,very interesting views.

ess0two

Wookster wrote: »

Another moron for the ignore list.

Take your balls out of your wifes purse,you act like a kid taking his ball home when people aint in agreement with you.

No doubt you wont reply as i'm on your ignore so you claim,can some kind soul quote me.

StevieJ

ess0two wrote: »

Take your balls out of your wifes purse,you act like a kid taking his ball home when people aint in agreement with you.

No doubt you wont reply as i'm on your ignore so you claim,can some kind soul quote me.

Ok, but I am almost certainly on it as well :beer: I am too nosey to have anyone on ignore