new lending crackdown means lower UK house prices

Mr._Pricklepants

Are you a member of the Silver Liberation Army, Joker?

The-Joker

Mr._Pricklepants wrote: »

Well smilver, (sorry hardassets)(sorry The_Joker)

I haven't been following the gold price to be honest.
I get paid in fiat currency, buy my spuds in fiat currency and bought my house in fiat currency. And if I sell it on, I will want fiat currency for it also.

I just thought Dom Frisby, the gold guru who always gets it spot on, would be a bit wealthier. That's all.

How do you know how wealthy he is? Just because he sold his entire property portfolio near the top and piled into gold and silver near the lows.

I'd say an 80% crash in property priced in gold makes his decision a good one, dont you?

And by the way, you buy your spuds in pounds and the price will go higher as the pound sterling gets debased even more.

Price stuff with stuff to see the value, not stuff with fiat currency you only see the price which is not that useful.

The-Joker

Mr._Pricklepants wrote: »

Are you a member of the Silver Liberation Army, Joker?

Ha yes I am faithful to the cause, the SLA

We are all the same, we will never sell our silver no matter how high the paper 'price' goes. Only use it as collateral and be happy to store in a bank vault and borrow against it, whatever new currency will replace the currenct failing one.

The-Joker

Any way this thread is about the new lending crackdown rules going to add downwards pressure on property.

We havent had the perma property bulls on yet coming up with reasons why property will still go up.

Wookster

moneyinmypocket wrote: »

Joker by name joker by nature

House prices are the engine of the economy

Hello sibley

The-Joker

Notice Hamish thanks sibleys coment, but doesnt want to venture a guess at what the gold/house price ratio will go down to. Go on Hamish, do you think 100:1? Whats your best guess this time?

The-Joker

Just a kind request to the Mods on here. I am sure by now Hamish has requested this thread be removed because it shows how wrong he is.

I am no more abusive than Hamish has been in threads that are allowed to stay.

There is no reason to remove this thread, please ignor his requests this time.

Conrad

The-Joker wrote: »

Property 'prices' may go up a little more over the next several yrs, but not as much as real inflation.

.

I've done more B2L business in the last month than in any other month since 2006.

I know thousands of investors, sitting on cash (often stashed in places like Turkey) who are about to swoop in again.

The new boom has begun - you will laugh at this but remember my words, the new boom has begun.

Conrad

The-Joker wrote: »

Any way this thread is about the new lending crackdown rules going to add downwards pressure on property.

The interest only crack down was well underway 3 years ago. The only noticable recent change event has been Santander limiting I/O to 50%.

I was expecting this to go down badly, but honestly, people are just shrugging shoulders and accepting it.
I'm finding people are going for 35 year repayment mortgages, or part into only / part repayment, and as such finding the jump in payments to be pretty unspectaculour.

CRASH_BANG_WALLOP

Conrad wrote: »

I've done more B2L business in the last month than in any other month since 2006.

I know thousands of investors, sitting on cash (often stashed in places like Turkey) who are about to swoop in again.

The new boom has begun - you will laugh at this but remember my words, the new boom has begun.

dude you sound just like mr ree and his sockies.

banks not lending and unemployment still huge = no boom