Housing market collapses

smeagold

JonnyBravo wrote: »

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

I usually go the pub everyday, lunchtime for a couple of pints, between 12 when the pub opens and 13.20 when the US gold market opens, then If I get really bored looking at charts I'll go back again at about 15.30 for an hour once the gold pm fix trading period ends and then usually sat and sun afternoon with missus S, plus the occasional midweek pub dinner.:beer:

JonnyBravo

smeagold wrote: »

I usually go the pub everyday

Ah right.
So it's not the high price of houses which means you haven't been able to buy, rather that you spend it all in the pub.

Have you thought about how much more silver you could buy if you just bought Tesco Cola and sat at home 24/7 typing random stuff on here?

JonnyBravo

markharding557 wrote: »

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

Oh dear.
I hope he doesn't draw you a picture by way of an explanation.

macaque_2

markharding557 wrote: »

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

BTL stands for 'buy to let'. Suggesting that BTLs can stick it where the sun never shines is a very sensible and rational idea. A BLT (as per your post) on the other hand is a bacon, lettuce and tomato sandwich. I think your digestive enzymes would get very confused if you tried to send it the wrong way through the alimentary canal.

smeagold

JonnyBravo wrote: »

Ah right.
So it's not the high price of houses which means you haven't been able to buy, rather that you spend it all in the pub.

Have you thought about how much more silver you could buy if you just bought Tesco Cola and sat at home 24/7 typing random stuff on here?

spend it all?:rotfl:

smeagold

and no its not the price of houses that means I'm unable to buy, could buy now if i wanted but I'm not buying at the 'return to normal' stage in the graph displayed bellow:

JonnyBravo

smeagold wrote: »

but I'm not buying at the 'return to normal' stage in the graph displayed bellow:

I would say "alright there's no need to shout about it", but that would be a poor attempt at humour.


On a more serious note (slightly), that graph looks interesting.

Where are we on that and does it mean I should sell my houses?

macaque_2

JonnyBravo wrote: »

I would say "alright there's no need to shout about it", but that would be a poor attempt at humour.


On a more serious note (slightly), that graph looks interesting.

Where are we on that and does it mean I should sell my houses?

I think we are just going past the bull trap (2nd nipple on the graph).

smeagold

JonnyBravo wrote: »

I would say "alright there's no need to shout about it", but that would be a poor attempt at humour.


On a more serious note (slightly), that graph looks interesting.

Where are we on that and does it mean I should sell my houses?

Heres a graph of most of the recorded bubbles and their percentage gains(as compared to gold-its the only one I got) Every single one of these bubbles popped because the assets value went far above the underlying markets fundamentals(ability) to support them at those levels, pushed higher by greed, herd mentality and the fear of mising out(sound familiar?) and with the Uk housing market endless free credit now vanished in a bankrupt debt laden economy.



Eventually the 'bigger fool' trade ends. All them that bought in 2007/8 we're the the biggest fools in a 'bigger fool' trade that lasted a decade. Its artificially too high people cannot afford to save enough deposit or get a big enough mortgage or afford one. The underlying market cannot sustain the overvalued asset as is obvious and just like every other bubble it popped.

Last summer was 'the dead cat bouce'(cos even dead cats bounce when dropped from a high enough point), the 'bull trap', fuelled by 200 bill in QE and .5% IRs in a desperate attempt to keep the bubble afloat.

The UK housing bubble will go the way of all the other bubbles that went before it and in a probably very similar manner to first graph I posted. The falls might not be as extreme as the graph, at least not in sterling terms as sterling is being debased and will continue to be debased through inflation but in terms of real things like loaves of bread or heating oil or whatever it will devalue and especially against the king of real assets Gold

We are just tipping over now from the 'return to normal' to the 'fear' phase

smeagold

And before I get the next 'golds crashing' remark heres a graph of gold corrections over the last 10 years, this months correction is at 6% gold has risen from 250 usd to 1340 depite these corrections
No doubt Hamish called the crash at everyone of them: