Recession finally hits the white hot property market of Aberdeen

nembot

HAMISH_MCTAVISH wrote: »

Rising house prices are good for......

The millions of people who are in, or approaching, retirement who either plan to, or may unexpectedly need to, downsize.

The millions more people who are in their final property now, but will find themselves in the position above at some point.

The millions of people who bought within the last 5 years, who may be in negative equity already, or would be if prices fell further.

The owners of the 2 million investment properties.

The millions of people who may need to re-mortgage as and when rates climb, and want the best possible LTV ratio to get the best rates.

House builders, construction industry, suppliers, investors, pension funds holding mortgage securities, banks, and all housing related industries, all of their shareholders and employees, whether they own a house or not.

The family members of anyone who will leave an inheritance, or release equity to help their kids onto the ladder when downsizing, etc.

:rolleyes:

carolt

damanpunk wrote: »

This thread shows up the worst of this forum.

People happy at job losses (in the oil industry) because it means that they may potentially get one up on Hamish. !!!!!!, spare a thought for the people who've been made redundant and forget the games for a day.

People seem to take great glory on here with schadenfreude directed at the bankers and the oil industry, this country would be in a far worse state without either.

No, it's the bankers who created the mess. This country would be in a far better state if we weren't paying for the bail-out of the banks, actually.

HAMISH_MCTAVISH

carolt wrote: »

No, it's the bankers who created the mess. This country would be in a far better state if we weren't paying for the bail-out of the banks, actually.

No, it's the Labour government that has created this mess, by spunking vast sums of cash up the wall for a decade on a useless and wasteful public sector, and taxing the productive private sector to death to do so.

Supporting British banks after the American sub prime mess spread like a virus around the world was one of the few things they got right.

UK lending was not the problem. UK house prices were not the problem.

And the final cost of the bank bailouts, after everything is paid back and the equity is sold, will be almost nothing.

The socialism you long for is a failed ideology, consigned to the dustbin of history.

Give up.

Your crash is over, and the next conservative government will be slapping the public sector back into it's place. A decade or more of shrinking public sector pay and jobs, and rapid expansion of privatisation of services.

Excellent news all around.:beer:

damanpunk

carolt wrote: »

No, it's the bankers who created the mess. This country would be in a far better state if we weren't paying for the bail-out of the banks, actually.

And in the boom years they never contributed to GDP of course :rolleyes:

nearlynew

carolt wrote: »

No, it's the bankers who created the mess. This country would be in a far better state if we weren't paying for the bail-out of the banks, actually.

And took away their magic money making machine.


That is all it would take.

Pobby

HAMISH_MCTAVISH wrote: »

No, it's the Labour government that has created this mess, by spunking vast sums of cash up the wall for a decade on a useless and wasteful public sector, and taxing the productive private sector to death to do so.

Supporting British banks after the American sub prime mess spread like a virus around the world was one of the few things they got right.

UK lending was not the problem. UK house prices were not the problem.

And the final cost of the bank bailouts, after everything is paid back and the equity is sold, will be almost nothing.

The socialism you long for is a failed ideology, consigned to the dustbin of history.



Give up.

Your crash is over, and the next conservative government will be slapping the public sector back into it's place. A decade or more of shrinking public sector pay and jobs, and rapid expansion of privatisation of services.

Excellent news all around.:beer:[/QUOTE/

OK, let`s take a look. Yes I do agree with your first point Hamish. labour has wasted money and has created an underclass in doing so. Life style choices and all that.

Supporting British banks. Yes they did with our cash because the greedy useless plonkers couldn`t run a proverbial in a brewery.

UK lending not a problem? Don`t make me laugh ( cry ). What planet are you on? Do please explain. Or perhaps you would like me to relate real time experiences of people I know where it`s all going `orribly wrong. Forget it Hamish. That Scottish person just loved the bankers. Oh my, he even thanked them at a Mansion House speech for creating a great economy.

Thatcher and her economic revolution, Brown and his economic miracle, both the same. Let the brakes off lending and it all ends up the same.

It`s called boom and bust.

carolt

damanpunk wrote: »

And in the boom years they never contributed to GDP of course :rolleyes:

Not as much as it's cost us in bailing them out.

The net gain if any, over the last decade, let alone over the next decade, is vastly over-rated.

Graham_Devon

As I have said many times before. Hamish is the only complete ramper of HPI that I know, the only true believer in what he has to say about how good HPI is, and how it won't be any different because of lack of supply. The only person to give us all these figures based on pure VI with absolutely no regard to anything he does not wish to discuss.

And hes the only person who ramps HPI to this level, says he is cash rich, but doesn't invest in the very thing he ramps daily on here.

Its like someone ramping up tesco's to everyone they speak to, saying Tesco is the best, everyone should shop at tescos, it's good for everyone, but then going to shop in Morrisons.

He wants others to take the plunge, often those who don't really have the means to do so. He however, does not wish to take the plunge, even though he has the means.

nembot

What Graham is trying to say to you Hamish is http://www.youtube.com/watch?v=UXoNE14U_zM

HAMISH_MCTAVISH

Graham_Devon wrote: »

And hes the only person who ramps HPI to this level, says he is cash rich, but doesn't invest in the very thing he ramps daily on here.

Geeezuz Graham, I've got 75% of my total assets in property.

In not just one, but two houses.

How much more committed do you want me to be !!!!!!....:rolleyes:

Its like someone ramping up tesco's to everyone they speak to, saying Tesco is the best, everyone should shop at tescos, it's good for everyone, but then going to shop in Morrisons.

No, it's like someone going to Tesco, buying the whole damn store, loading up a truck, filling every room in the house with Tesco stuff, running out of room, renting some containers and putting them in his garden, going back to Tesco, buying more stuff, filling the containers with Tesco products, telling people Tesco is great, and then getting moaned at by a pedantic little idiot like you because he nips across the road to the Spar to buy cigarettes.

He wants others to take the plunge, often those who don't really have the means to do so. He however, does not wish to take the plunge, even though he has the means.

I've taken the plunge, swum up and down for the last 20 years, got out of the pool, jumped in again, swum around some more, and proclaimed the water to be great.

Come on in.....:D