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Debate House Prices


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

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Comments

  • Bigdeflationfirst
    Bigdeflationfirst Posts: 122 Forumite
    wotsthat wrote: »
    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.

    How do you buy silver bullion from ebay without VAT? New to me, most silver on ebay is the same price as buying new from a dealer and paying VAT.

    Any way yes silver will revert to once again 500 ounces worth the same as an average house. Now its around 7000, either property is over valued or silver is undervalued. Or a bit of both.
    Big deflation your debts are going up against everything else. I would not like to be a property owner with a big mortgage right now, pay off your debts ASAP!
  • System
    System Posts: 178,371 Community Admin
    10,000 Posts Photogenic Name Dropper
    I wonder if this is the same guy that has his pocket money invested.
    This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com
  • FTBFun
    FTBFun Posts: 4,273 Forumite
    Joeskeppi wrote: »
    I wonder if this is the same guy that has his pocket money invested.

    Yes it's the same guy. The writing style is exactly the same (i.e. terrible).
  • RenovationMan
    RenovationMan Posts: 4,227 Forumite
    He's going to make a 'fortune' by cornering the Silver market. He must have an awful lot of money invested, we're talking millions!

    You lot should be ashamed of yourself, I reckon you're just jealous that you didn't have the foresight to buy silver 10 years ago when it was 1p per ingot.
  • Graham_Devon
    Graham_Devon Posts: 58,560 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    You lot get excited rather easily!
  • wotsthat
    wotsthat Posts: 11,325 Forumite
    Bigdeflationfirst wrote: »
    Any way yes silver will revert to once again 500 ounces worth the same as an average house. Now its around 7000, either property is over valued or silver is undervalued. Or a bit of both.

    Or neither. Or there's no inherant ratio of silver to house prices that is 'correct'.

    I'm going to do it anyway for a laugh. Trouble is I'm going to have to use earned income to buy rather than benefits:(
  • wotsthat
    wotsthat Posts: 11,325 Forumite
    Graham_Devon wrote: »
    You lot get excited rather easily!

    Anyone got a pots and kettles picture?
  • RenovationMan
    RenovationMan Posts: 4,227 Forumite
    wotsthat wrote: »
    Anyone got a pots and kettles picture?

    I know! Either Devon is just being ironic or he has a shocking lack of self-awareness and i a complete hypocrite. I know which one my money is on. :cool:
  • BlythMastrs
    BlythMastrs Posts: 4 Newbie
    Is there anyone left still bullish about property, or has everyone admited efeat and property is in a big bear.
  • Darthvader
    Darthvader Posts: 95 Forumite
    Is this stock market taking a dive a foreshadow of what property has to come next?
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