Here`s the thing......

System

StevieJ wrote: »

To be fair to doire it was abraxas, also the phantom thanker was there too.

Oh, hah! They're so similar.

bendix

shortchanged wrote: »

Out of curiosity Sibbers how much will that luxury pad cost you in Thailand? £80,000 - £100,000.

Depends on how luxurious it is genuinely, and it's location. Property can be quite expensive in Thailand - it depends on the development.

If it's one of the big developments around where Sibley currently lives - Rangsit - he could get something decent for 4-5m baht, which is the amount you referenced above. Rangsit is around 30 minute drive from downtown Bangkok.

Sibley will be aware though that as a foreigner he can't own the land the house is built upon freehold. He could sign up for a 33 year lease and get it extended twice, but current law prohibits more than a 99 year lease. He could set up a company to own the house, but that is fraught with all sorts of legal uncertainties.

Or he could buy the property in his Thai wife's name, which is probably the surest way of speeding the divorce up and finding out that Somchai the wife's supposed cousin is, in fact, her real Thai bf and that Sibley will come home one night after work to find out the locks are changed and there's not much he can do about it.

The usufruct option is another way of having property there . . .but it has it's own issues too.

Graham_Devon

Well, I never thought I'd have so much trouble getting a link to something HPC said. Links to HPC all over, but ask for one for evidence, and it falls silent.

I suppose I'll have to take it ghouls was just using a play on possible words and slander, and its been adopted.

System

Graham_Devon wrote: »

Well, I never thought I'd have so much trouble getting a link to something HPC said. Links to HPC all over, but ask for one for evidence, and it falls silent.

I suppose I'll have to take it ghouls was just using a play on possible words and slander, and its been adopted.

If you're that desperate you could do it yourself?

I've just spent a massive 30 seconds doing it for you though.
http://www.housepricecrash.co.uk/forum/index.php?showtopic=155664

HAMISH_MCTAVISH

Graham_Devon wrote: »

I'm having a sh*ty day...can anyone tell?

Yep.

But I don't think it's any sh1ttier than your normal days around here.:D

Graham_Devon

Thanks, so they don't want people dying then, as I thought!

System

Graham_Devon wrote: »

Thanks, so they don't want people dying then, as I thought!

I trust you didn't get as far as the end of page 2/page 3.

the.ciscokid

HAMISH_MCTAVISH wrote: »

Utter tosh.
<snip>

Leaving aside the comparison between luxury goods (Rolexs) and necessities (housing), did HPI increase due to expansion of credit, or vice versa?

Worded another way, did debt cause the global economy to nose dive, or was it HPI?

StevieJ

Joeskeppi wrote: »

I trust you didn't get as far as the end of page 2/page 3.

Shocking :eek:

HAMISH_MCTAVISH

the.ciscokid wrote: »

Leaving aside the comparison between luxury goods (Rolexs) and necessities (housing),

Both are equally subject to the influences of supply and demand.

Makes no difference if it's a luxury good or a necessity.

The price will be set where supply and demand intersect.

did HPI increase due to expansion of credit, or vice versa?

Neither.

HPI was caused by a supply shortage of housing, and credit enabled demand to continue at higher prices.

In the absence of credit enabled demand, but the continued shortage of housing, you merely have to wait for rental yields to surpass the risk threshold of investors for HPI to return. And we've all seen the trajectory of rents lately.....

Worded another way, did debt cause the global economy to nose dive, or was it HPI?

Neither.

It was the innapropriate rating of sub prime securitised debt as AAA which caused the global liquidity crisis.