Have a crash now and then lets build a real economy.

nollag2006

The_Fox wrote: »

I have been in a little of a dream world today, i was earlier thinking about the house that i "might" get if things go the way i want them to go, dropping another 15%/20%.

Shame you missed the boat in 2008/09 then, when prices fell back 15-20%.

Round my way, they are back well above peak.

StevieJ

nollag2006 wrote: »

Shame you missed the boat in 2008/09 then, when prices fell back 15-20%.

Round my way, they are back well above peak.

Yes it can be confusing, on the one hand they argue that Jonathon Whatshisname was correct in his crash predictions, on the the other they are still not buying :think:

JanCee

Reiwxib wrote: »

One of the things that concerns me the most is the proliferation of debt in almost all quarters, particularly on a government level. Any time the quantity of anything is greatly increased, value is decreased. That collective world debt has grown disproportionately to the world’s ability to service that debt is a serious problem. Sluggish economic growth in the western world makes the choices for reducing debt burdens more difficult. Even with shared sacrifice, the reliance on debt will not go away quickly or easily. Because almost all government debt is basically a paper obligation (backed by creditworthiness, as opposed to a lien on specific property), all paper obligations may become suspect in a financial crisis. Assets completely disconnected from the ability of a creditor to meet obligations generally become more valuable in such crises. Hard assets, like silver, become more in demand if paper assets are shunned.

One of the things that concerns me the most is the proliferation of debt in almost all quarters, particularly on a government level. Any time the quantity of anything is greatly increased, value is decreased. That collective world debt has grown disproportionately to the world’s ability to service that debt is a serious problem. Sluggish economic growth in the western world makes the choices for reducing debt burdens more difficult. Even with shared sacrifice, the reliance on debt will not go away quickly or easily. Because almost all government debt is basically a paper obligation (backed by creditworthiness, as opposed to a lien on specific property), all paper obligations may become suspect in a financial crisis. Assets completely disconnected from the ability of a creditor to meet obligations generally become more valuable in such crises. Hard assets, like silver, become more in demand if paper assets are shunned. In a moment, I’ll try to explain why silver may be the best hard asset refuge in a crisis.
A Nervous New World By: Theodore Butler



Funnily enough Poshbird was also quite fond of posting other peoples work & passing it off as her own.

Jegersmart

your view is a little myopic imho.

It would be far better to base our civilisation on resources rather than a monetary system, a monetary system will always be based on profit and scarcity - when really resources is what will limit us as they are finite in quantity. You simply HAVE to be able to see the bigger picture rather than looking at your own wish to own a house....^^

imho, dyor.

DpchMd

The_Fox wrote: »

I have been in a little of a dream world today, i was earlier thinking about the house that i "might" get if things go the way i want them to go, dropping another 15%/20%.
I was thinking about how i was going to tear it apart and do this that and the other to it. Have a nice woodburner fitted, wooden floors everywhere, do all the plumbing and rewire myself etc etc.

Then i thought if there were another million like me, can you imagine what a boost to the economy that there would be, how many trades and how much retail would be saved.
This small/large crash IS going to happen, it will be terrible for those that did buy in the last 7 years(stuff the BTL vultures) and my heart really does and will go out to them, but thats market forces, trying to control them will only make things worse in the end.

Let's just get the inevitable horrible times out of the way, then seriously try and repair this mess. Those present homeowners who purchased in recent times that are all but maxed out on debt are being cruelly kept on life support that they know will be switched off soon, the economy needs us that are free of debt to rebuild, so stop making us all pay for the reckless, we need some moral hazard here to teach us a lesson for the next 20/30 years.

Then lets just use property as shelter, lets all have decent homes to come home to after aday contibuting to a real economy. Property speculators should be treated like they wre centurys ago, slung into a sack with starving rats.:)

Interesting stuff.

chewmylegoff

DpchMd wrote: »

Interesting stuff.

you do realise that it was well known that foxy=iandrury=hsw before you started littering this board by digging up old threads, and that you are achieving nothing by doing so?

DpchMd

chewmylegoff wrote: »

you do realise that it was well known that foxy=iandrury=hsw before you started littering this board by digging up old threads, and that you are achieving nothing by doing so?

They're interesting and relevant topics.

mystic_trev

DpchMd wrote: »

They're interesting and relevant topics.

Maybe to you, nobody else.

Have you every thought of getting yourself a hobby?

somethingcorporate

Can you not just read them and then not post on them so they can stay buried?

DpchMd

I can't help myself.

They're just too damn funny.