HPC bears waking up to reality

chucky

chucknorris wrote: »

Who's he? is he a diehard bear over on the housecrash website?

yep - the guys on here from HPC.co.uk will tell you more.

i've seen some of his posts along with bloo loo and tommy (i think his user Id is) who are great comedy reading.

Emy1501

Main problem with the many from HPC is they never understood that you could not time when the crash was going to happen and when any recovery would occur. Many cannot stomach the thought of sitting it out for years and years.

Unless one is buying as an investment for many buying a house to live in does not mean one think that rises are around the corner.

Rinoa

chucky wrote: »

i'm just waiting for Bruce Spanner to see the error of his ways - that will be amusing

He still remembers me in his sig. I feel honoured. :j

ruggedtoast

I dont think in 2007 many bears anticipated the extent to which economic and social policy would be distorted to maintain unaffordable housing and protect property speculators and those who'd financed them.

30% off sterling, near zero percent interest rates in the face of rising inflation, the banking system flooded with unheard of amounts of tax payer cash, new building strategies throttled to maintain prices and appease nimby voters, CGT and tax breaks for btl investors; and finally, an open door immigration policy.

All I can say is its lucky all this is completely sustainable and hasnt had any deleterious effect on any other aspect of our economy whatsoever.

Rinoa

ruggedtoast wrote: »

I dont think in 2007 many bears anticipated the extent to which economic and social policy would be distorted to maintain unaffordable housing and protect property speculators and those who'd financed them.

Yes, but after fully realising exactly what the government were doing, the bears still continued to predict further falls.

ruggedtoast

Rinoa wrote: »

Yes, but after fully realising exactly what the government were doing, the bears still continued to predict further falls.

I think thats the definition of a bear isnt it.

Emy1501

Rinoa wrote: »

Yes, but after fully realising exactly what the government were doing, the bears still continued to predict further falls.

Until major government around the world especially the US and the UK show they can cut the deficit without any damaging effect on growth another crash is a very real possibility. Bears got it wrong by trying to preict the timing and how far governments would go to prop up economies.

Rinoa

ruggedtoast wrote: »

I think thats the definition of a bear isnt it.

Your justification for bears getting it so wrong is that they didn't realise just what the govt. were prepared to do.

My point is that the bears still predicted falls even when they knew the full extent of govt. actions.

Your justification for the bears failure doesn't stand up to close scrutiny.

ruggedtoast

Rinoa wrote: »

Your justification for bears getting it so wrong is that they didn't realise just what the govt. were prepared to do.

My point is that the bears still predicted falls even when they knew the full extent of govt. actions.

Your justification for the bears failure doesn't stand up to close scrutiny.

I think your brain is invalid.

Rinoa

Emy1501 wrote: »

Bears got it wrong by trying to preict the timing and how far governments would go to prop up economies.

And afterwards, when they know precisely how far governments would go, they got it wrong again by still predicting further falls.