Stalled auctions herald 2011 house price falls

RenovationMan

smeagold wrote: »

Thats long positions, not price, they have dropped far more than price, amazingly resilient aren't they even in the face of fund liquidation.

I rather despise these bubble callers also who have been claiming the end of the bull for years convincing people not to invest in a commodity that has done nothing but gone up for 10 straight years, being the consisitent best returning asset for a decade. Handing out this kind of advice for a while now have you?

Like property did before 2007? You just berated a poster for ramping property, yet you use exactly the same type of language to ramp gold and silver.

Your such a hypocrite.

smeagold

RenovationMan wrote: »

Like property did before 2007? You just berated a poster for ramping property, yet you use exactly the same type of language to ramp gold and silver.

Your such a hypocrite.

I was waiting for that, If you read through any of the threads in the economy/ housing section you will notice that I do not come on to ramp and am quite happy to discuss housing without any reference to metals. It is the anti gold crowd that post stuff about gold etc which simply initiates a responce. if they didn't mention gold and silver neither would I.

You will also notice that I have never initiated a thread in the housing section with any reference to gold or silver again thats the anti gold crowd

And that was not ramping that was a statement of FACT

RenovationMan

smeagold wrote: »

I was waiting for that, If you read through any of the threads in the economy/ housing section you will notice that I do not come on to ramp and am quite happy to discuss housing without any reference to metals. It is the anti gold crowd that post stuff about gold etc which simply initiates a responce. if they didn't mention gold and silver neither would I.

You will also notice that I have never initiated a thread in the housing section with any reference to gold or silver again thats the anti gold crowd

And that was not ramping that was a statement of FACT

Your happy to ramp on other parts of MSE:

http://forums.moneysavingexpert.com/showpost.php?p=38956592&postcount=1

"so all you scoffers and idiots out there looking for someone to attack well here I am and and I will most definately rub your noses in it everytime gold goes up."

"If you want to protect your wealth then buy gold."

StevieJ

smeagold wrote: »

if you insist:):



where are we in housing? where are we in gold? have a think, something might just click.

Yup that's the one One thing that confuses me, how can you have capitulation in housing when everyone needs somewhere to live? Now gold on the other hand. And yes we can see that people will stop buying Tulips at £300 a time, because they can.

RenovationMan

StevieJ wrote: »

Yup that's the one One thing that confuses me, how can you have capitulation in housing when everyone needs somewhere to live? Now gold on the other hand. And yes we can see that people will stop buying Tulips at £300 a time, because they can.

I bought a house in May 2010 with the knowledge that houses were way overpriced and with the likelihood of house price falls, perhaps even a crash in the forefront of my mind. Despite this, I bought the house because I wanted a lovely place for my kids to grow up in and because the house itself was a beautiful stone character property. If I lose money when I come to sell it, then we have at least had a great time living there, which is difficult to put a monetary value on.

Contrast this with any other asset. I certainly wouldnt buy gold, silver, shares or other investments if I felt that the initial purchase price was too high. Gold in itself will not enhance my life, only the gains I could make in it would. While I could have a rueful smile on my face as house prices crashed, while sitting in front of my woodburning stove, looking at the woods and lake through my mullioned windows, I very much doubt I would have a rueful smile if I had £450k invested in Gold and watched that crash.

Graham_Devon

What's the deal with this gold thing?

Seems to be the new in thing to rub people up about, and seemd people are happy to see it crash. Does the value of gold have an affect on the value of housing?

StevieJ

RenovationMan wrote: »

I bought a house in May 2010 with the knowledge that houses were way overpriced and with the likelihood of house price falls, perhaps even a crash in the forefront of my mind. Despite this, I bought the house because I wanted a lovely place for my kids to grow up in and because the house itself was a beautiful stone character property. If I lose money when I come to sell it, then we have at least had a great time living there, which is difficult to put a monetary value on.

Contrast this with any other asset. I certainly wouldnt buy gold, silver, shares or other investments if I felt that the initial purchase price was too high. Gold in itself will not enhance my life, only the gains I could make in it would. While I could have a rueful smile on my face as house prices crashed, while sitting in front of my woodburning stove, looking at the woods and lake through my mullioned windows, I very much doubt I would have a rueful smile if I had £450k invested in Gold and watched that crash.

Where do you live?

RenovationMan

StevieJ wrote: »

Where do you live?

Not in London, thats for sure.
Why do you want to know?

smeagold

RenovationMan wrote: »

Your happy to ramp on other parts of MSE:

http://forums.moneysavingexpert.com/showpost.php?p=38956592&postcount=1

"so all you scoffers and idiots out there looking for someone to attack well here I am and and I will most definately rub your noses in it everytime gold goes up."

"If you want to protect your wealth then buy gold."

Lol posted on the Gold Bullion for Investment thread.

Written in anger after being constantly attacked by the anti gold crowd.

they love to rub our noses in it when gold drops a bit. like Hamish's Crashtatstic thread(posted in the house prices forum) so I'm obviously going to repay the favour

StevieJ

RenovationMan wrote: »

Not in London, thats for sure.
Why do you want to know?

Just wondered