House prices set to crash from this point on

Harry_Powell

HammerSmashedFace wrote: »

You're lucky then Dan, many will not, we also have fuel pushing up 'cost push inflation' too. I went past a fuel station the other day and even though I don't take much notice of cost having a company car, I did notice it was £1.14 litre again, that is 20% up on last years low. This cost is only going to trend upwards over time, and in my view will outstrip any wage increases, those who get them anyway.

Ad, given your belief that our petroleum based civilisation is in decline, what steps are you taking to protect yourself (and your family?) from its impact?

If I felt (as you do) that we were nearing the 'tipping point;, my own approach would be to base myself in a rural area, a village with an established high street and access to farm shops, etc. Probably one with rail links (we'll see a greater dependance on electric rail for mass transit and goods transport) and some forms of industry, local schools, etc. With as much infrastructure within walking distance of my home.

Perhaps a house with a bit of land to grow some veggies, though from what I've read, this will always be more expensive than buying direct from local farms.

What are your plans?

nembot

chucky wrote: »

why did you post a picture of you and your mrs?

It's not a picture, it's a mirror you fool

HammerSmashedFace

nollag2006 wrote: »

house prices are now down, on average, 20% from their peak... no they're not (truth is 7% and gap is narrowing)

Anyone paying just 7% below peak at this time of temporary policies, when all indications going forward are going to harm the housing market must be mental. I can easily see good houses in nice areas near me with asking prices of 20% below peak.

So no idea where you're looking, but I wouldn't want to live there.

HammerSmashedFace

Harry_Powell wrote: »

Ad, given your belief that our petroleum based civilisation is in decline, what steps are you taking to protect yourself (and your family?) from its impact?

If I felt (as you do) that we were nearing the 'tipping point;, my own approach would be to base myself in a rural area, a village with an established high street and access to farm shops, etc. Probably one with rail links (we'll see a greater dependance on electric rail for mass transit and goods transport) and some forms of industry, local schools, etc. With as much infrastructure within walking distance of my home.

What are your plans?

Apart from rail links, that sums up pretty much where I live. I believe the biggest plan anyone can make is 'acceptance', if you know something is coming you will be able to deal with issues much easier on a day to day basis as they happen. Many people seem to believe that even at the last minute their 'consumer based, avarice society' will be saved, it is these people who will suffer the most.

System

chucky wrote: »

we had 1.6 million unemployed pre-recession we have 800,000 more. that's not a huge amount with the kind of recession we've had/been in.

I think this often gets forgotten about, when people quote the unemployement figures as a reason for the world being about to end they don't realise that over half of those people were already unemployed when the sky started falling down.

jojo1964

HammerSmashedFace wrote: »

Apart from rail links, that sums up pretty much where I live. I believe the biggest plan anyone can make is 'acceptance', if you know something is coming you will be able to deal with issues much easier on a day to day basis as they happen. Many people seem to believe that even at the last minute their 'consumer based, avarice society' will be saved, it is these people who will suffer the most.

It’s the end of the world as we know it.

It’s the end of the world as we know it.
It’s the end of the world as we know it and I feel fine...fine...
(It’s time I had some time alone)

abaxas

chucky wrote: »

the fundamentals are much better than they were in September 2008 - nobody can argue with that, so the fundamentals have improved.

I think I will.

Any current fundemental is dependent on state aid via QE. You are looking at subset of the picture instead of the larger one.

Remembering that there are two things yet to happen, firstly the completion of the current QE and secondly the removal of it.

Harry_Powell

HammerSmashedFace wrote: »

Apart from rail links, that sums up pretty much where I live. I believe the biggest plan anyone can make is 'acceptance', if you know something is coming you will be able to deal with issues much easier on a day to day basis as they happen. Many people seem to believe that even at the last minute their 'consumer based, avarice society' will be saved, it is these people who will suffer the most.

I think it'll come as a relief to most of the population, many are trapped in a consumer based society against their better natures. If we returned to a sort of 1950's lifestyle, but with technology I think many would have a much better time of it.

As you rightly say, the ones who see it coming will be the ones who are better prepared, but I also believe (and there is hard evidence to back with up) that the ones who thrive are those who have an optimistic viewpoint and see opportunities. For myself, I'd happily wave goodbye to the infernal combustion engine if it means that we regain comunities and rid ourselves of the sort of excessive society that produces a generation of people who don't know their own neighbours, have never worked for their income and are literally eating themselves to death.

To me, today's society is the knackered one, anything else will be an improvement.

Pete111

HammerSmashedFace wrote: »

You're lucky then Dan, many will not, we also have fuel pushing up 'cost push inflation' too. I went past a fuel station the other day and even though I don't take much notice of cost having a company car, I did notice it was £1.14 litre again, that is 20% up on last years low. This cost is only going to trend upwards over time, and in my view will outstrip any wage increases, those who get them anyway.

Way to go with the sweeping generalisation...

Many people in Cities (ie london) only use a car occasionally if at all. Many people will get half decent pay increases in the coming years also (Though of course, others will suffer the flip side)

From my own perspective I live outside a city put probably do under 5000 miles a year. A fuel increase of 20% costs me a couple of hundred quid per annum and believe me that is not going to break the bank - nor would it for most families.

abaxas

Pete111 wrote: »

[/B]

Way to go with the sweeping generalisation...

Many people in Cities (ie london) only use a car occasionally if at all. Many people will get half decent pay increases in the coming years also (Though of course, others will suffer the flip side)

From my own perspective I live outside a city put probably do under 5000 miles a year. A fuel increase of 20% costs me a couple of hundred quid per annum and believe me that is not going to break the bank - nor would it for most families.

Most people choose that cost by buying a more expensive car.

Take for example we run a 1.2 polo and an audi a3 diesel.

The total running costs + petrol for 100,000 miles in the polo is about the same as the purchase cost of the a3.

Obviously the audi is more comfortable but as a means of transport it's expensive.