Housing market collapses

Ic1male

smeagold wrote: »

really? so we had the mania phase already? how many do you know invested? ask around in your pub, that'll tell you. As for housing we def already had the mania.

There is no way many in your average pub have bought into gold or silver yet.

Yes we have had the mania stage of housing already but not yet for PM's.

smeagold

Ic1male wrote: »

There is no way many in your average pub have bought into gold or silver yet.

Yes we have had the mania stage of housing already but not yet for PM's.

Agreed except I'd replace the word many with any

abaxas

Ic1male wrote: »

There is no way many in your average pub have bought into gold or silver yet.

Yes we have had the mania stage of housing already but not yet for PM's.

You are looking at this from a western perspective. Look east and see we are much futher down the 'stages of a bubble' then you care to think.

leveller2911

74tnemele wrote: »

So they will not put up IRs then? They can not afford to put them up, so many of us will be finding it too hard to make our monthly payments. If they go up a little it will send a message that would have downwards pressure on house prices.

Then far too many people have overstretched themselves and borrowed far beyond their means.

Interest rates at an all time low and people are struggling? Jeezus wept ,clearly many should never have been allowed to have a mortgage in the first place...
No doubt many people will say the tax increases anounced have/will send them over the edge financially but TBH its just an excuse as they should never have borrowed so much in the first place...

macaque_2

markharding557 wrote: »

You should remember your renters are your customers and your business income.
If you treated me with such offensive disrespect i would tell you to shove your blt up your butt and then i would stay put until a court ordered me to leave which would take months and a lot of lost rent money for you.

Good post but if I can be picky, BLTs go in at the other end.

Milla_2

smeagold wrote: »

Agreed except I'd replace the word many with any

I have just bought some bullion (well waiting for it to be delivered) so its not any in my my pub. But agreed in most pubs it is not any are buying bullion regularly.

bristol_pilot

If I had gold bullion in my house I wouldn't tell anyone down the pub! I'd probably never dare leave the house.

macaque_2

74tnemele wrote: »

So they will not put up IRs then? They can not afford to put them up, so many of us will be finding it too hard to make our monthly payments. If they go up a little it will send a message that would have downwards pressure on house prices.

The commercial world is not geared around your affordability levels. Interest rates are going to rise and the price of delay will be even higher rates in 2 years time.

If you have calculated affordability levels on the assumption that the lowest interest rates for 300 years are here to stay, you have been very unwise. If you cannot afford to keep up the payments, your house will be sold to someone who can afford it (even if that is at a discount of 50% on the current value).

Kirstie Allsopp has a lot to answer for.

JonnyBravo

smeagold wrote: »

really? so we had the mania phase already? how many do you know invested? ask around in your pub, that'll tell you. As for housing we def already had the mania.

What do you know about pubs?
You're in here 24/7
Have you been in one recently? And if you have, did you sit in the corner by yourself counting your eagles/maples/sh1tsticks.... oh whatever

markharding557

macaque wrote: »

Good post but if I can be picky, BLTs go in at the other end.

What do you mean about blt's go in at the other end?