Officially in recession

chucky

Graham_Devon wrote: »

I dunno. You forecast a double dip recession. You get called an idiot, doom monger, arm chair economist.

Could you remind us what your predictions where for house prices and the FTSE were, wasn't it 65% drops and the FTSE down to 2,200. Now that is stupid...

Graham_Devon wrote: »

Signing out of this thread now, as it's become pathetic. I remain smug

Predictably you're running away from Hamish showing you up again. Typical.

RUN_RABBIT_RUN

Graham_Devon wrote: »

I dunno. You forecast a double dip recession. You get called an idiot, doom monger, arm chair economist.

Double dip recession happens. You get called an idiot, dumb, sad and misfortunate.

One thing you lot couldn't pull off any better, is the art of bitterness. It's just oozing out uncontrollably.

Signing out of this thread now, as it's become pathetic. I remain smug

:rotfl:

truly laughable

all hail the oracle :T

you play the forum game well enough though, i'll give you that

chucky

DervProf wrote: »

Homeowners ? Maybe not a good thing. Well, not as good as some would have us believe.

Increased population, increased immigration always has an effect on property prices.

RUN_RABBIT_RUN

DervProf wrote: »

It seems to appear on my screen shortly after you hit "Submit Reply".

yeah i must stop quoting your posts, sorry about that :cool:

DervProf

chucky wrote: »

Increased population, increased immigration always has an effect on property prices.

So, my property goes up, say 30%, but there is an increased shortage of property in the country that I live. Is that good for me ?

Mmmmm, I'm not so sure.

DervProf

RUN_RABBIT_RUN wrote: »

yeah i must stop quoting your posts, sorry about that :cool:

But you just did it again, and then apologised for it.

chucky

DervProf wrote: »

So, my property goes up, say 30%, but there is an increased shortage of property in the country that I live. Is that good for me ?

Mmmmm, I'm not so sure.

No idea if it's good for you personally or not.

Put it this way, it's better for those that own property than those that don't own property or those that get forced by their parents to buy a shared ownership property.

DervProf

chucky wrote: »

No idea if it's good for you personally or not.

Put it this way, it's better for those that own property than those that don't own property or those that get forced by their parents to buy a shared ownership property.

Pretty poor for the nation as a whole, especially a "rich" one, when a basic requirement is in short supply. And when the media and individuals seem to celebrate HPI (presumably caused by this shortage), I do wonder about the narrow, selfish view of these people.

Sampong

brit1234 wrote: »

.
The reason prices went up so much was too low interest rates, loose lending and fraud. The cost of borrowing is being forced up, lending has tightened and fraud has been clamped down on. House prices are going one way and it aint up.

Ah....now you raise an interesting point with the fraud thing. I have heard numerous stories about Landlords tipping surveyors to overvalue their properties in order to raise cash from the financing (under the belief that prices were always on the up).

That could be a painfull one.

chucky

Sampong wrote: »

Ah....now you raise an interesting point with the fraud thing. I have heard numerous stories about Landlords tipping surveyors to overvalue their properties in order to raise cash from the financing (under the belief that prices were always on the up).

That could be a painfull one.

I heard that it was 99.7% of all BTL loans that were fraudulent, I read it on here btw so it must be true.