Take cover! The housing market is heading for a bloody and protracted crash!

DpchMd

ukcarper wrote: »

The price of house only has to increase nominally to increase equity.

Thanks, I was struggling to get my head around his argument.

ukcarper

Bigdeflationfirst wrote: »

Facts are facts, property is going up less than real inflation. This is a fact, property is in a bear market.

At some point it will be at the bottom of this bear market and will start heading up again, but usually stays down there for a while.

Too right I am happy renting wearing out my landlords property and furniture, waiting for the bottom. I do not think that will be until interest rates normalise and all the repossessions have been cleared out.

Property only has to increase nominally to increase equity

RenovationMan

Bigdeflationfirst wrote: »

Facts are facts, property is going up less than real inflation. This is a fact, property is in a bear market.

Just out of interest, if property values are going up less than inflation, how does this help potential FTBers unless their wages are going up above inflation (generally not the case according to the stats) or their house deposits are receiving interest that is above inflation (not easy to get with saving rates being so crappy at the mo)?

Also, if they are receiving above inflation pay rises and returns on their savings, would you say that for the majority of potential first time buyers that these gains would make up for the loss of paying rent vs having a mortgage?

JonnyBravo

RenovationMan wrote: »

Just out of interest, if property values are going up less than inflation, how does this help potential FTBers unless their wages are going up above inflation (generally not the case according to the stats) or their house deposits are receiving interest that is above inflation (not easy to get with saving rates being so crappy at the mo)?

Also, if they are receiving above inflation pay rises and returns on their savings, would you say that for the majority of potential first time buyers that these gains would make up for the loss of paying rent vs having a mortgage?

Yeah but no but yeah but...

Props innit, props. Gotta remove the props.
See they're printing more than you can imagine and unless you own the real silver the paper will be worthless.
My landlords paying me to stay here anyway cos its inflation thats working for me and not him innit
And rates are gonna be 12% soon anyway and that'll mean all the repossessions will get cleared out innit.
And Im gonna catch the bottom cos its a bear market and only stupid bulls own a house. Youre just renting off the bank anyway innit.

Do you wanna buy some gold?

FTBFun

I can't think of a single downside to buying silver and storing it. Oh wait:

https://forums.moneysavingexpert.com/discussion/3901587

Obviously the OP there is completely unrelated. Definitely.

The-Joker

FTBFun wrote: »

I can't think of a single downside to buying silver and storing it. Oh wait:

https://forums.moneysavingexpert.com/discussion/3901587

Obviously the OP there is completely unrelated. Definitely.

And now its been censored again.

So what was the answer? Is silver tarnish classed as corrosion? Or is it as some say a protective layer that can easily be turned back into shiny silver?

Is this part of the reason why 95% of silver ever mined is no longer with us and why its so rare now? Is it true that 95% of all gold is still with us, even the stuff they were using as money 6000yrs ago? No wonder silver is so much more rare than gold. Why on Earth is silver still cheaper than gold? Gold is not used for anything apart from money and jewlery. Silver has over 10,000 applications and without silver computers would be as powerful as they were in 1980.

RenovationMan

The-Joker wrote: »

And now its been censored again.

So what was the answer? Is silver tarnish classed as corrosion? Or is it as some say a protective layer that can easily be turned back into shiny silver?

Is this part of the reason why 95% of silver ever mined is no longer with us and why its so rare now? Is it true that 95% of all gold is still with us, even the stuff they were using as money 6000yrs ago? No wonder silver is so much more rare than gold. Why on Earth is silver still cheaper than gold? Gold is not used for anything apart from money and jewlery. Silver has over 10,000 applications and without silver computers would be as powerful as they were in 1980.

In 500 years silver will be worth more than gold. You should corner the market now, while you can. Then all you have to do is sit back and wait. Oh and live a few more centuries. Hmnn, by then though we might be mining asteriods that have an abundance of silver. Oh well, that's the end of that idea. I guess all we can do is keep mining the stuff because there is plenty to go around in our lifetime.

Bigdeflationfirst

RenovationMan wrote: »

In 500 years silver will be worth more than gold. You should corner the market now, while you can. Then all you have to do is sit back and wait. Oh and live a few more centuries. Hmnn, by then though we might be mining asteriods that have an abundance of silver. Oh well, that's the end of that idea. I guess all we can do is keep mining the stuff because there is plenty to go around in our lifetime.

Make that by the end of this decade. 50% of mined supply is needed meet the worlds consumption, the other 50% is chased after by investors.

And there are no stockpiles left, all the worlds silver stockpiles have been depleted. Only the gold is left.

By the end of this decade projections are that 70% of mined supply will be needed to satisfy global consumption better hope investment demand shrinks to 30% or us silver investors will be very rich indeed.:T

RenovationMan

Bigdeflationfirst wrote: »

Make that by the end of this decade. 50% of mined supply is needed meet the worlds consumption, the other 50% is chased after by investors.

And there are no stockpiles left, all the worlds silver stockpiles have been depleted. Only the gold is left.

By the end of this decade projections are that 70% of mined supply will be needed to satisfy global consumption better hope investment demand shrinks to 30% or us silver investors will be very rich indeed.:T

YAY!! :beer:

wotsthat

I'm going to take the advice of the silver sockies and buy a silver coin per month from Ebay (no VAT;)) for the next 5 years.

At worst I'll be able to get my palm read at the funfair whenever I want and the puppet master seems convinced I'll be able to buy a nice house for cash at the end of that time.