house price crash blocking posts

MaxTheCat

Crashy_Time wrote: »

And now David Cameron is even telling people that we are due another turn round the U-Bend (but this time it will be flushed) Wake up, this forum is just a little HPI bunker with the last deniers all huddled in a corner for warmth. There are hundreds of people daily on HPC, all with very different views.

Then why pray tell was I banned because all I did was comment that a house for sale in East finchley would get its ludicrous asking price that everyone was scoffing at which it did as did my flat last year. In fact the same flats are now selling for 150k more than they were when I sold. No HPC have a theme and if you go against it you get kicked out. That's how they keep their audience of like minded individuals by limiting opposition.

damik

MaxTheCat wrote: »

Then why pray tell was I banned because all I did was comment that a house for sale in East finchley would get its ludicrous asking price that everyone was scoffing at which it did as did my flat last year. In fact the same flats are now selling for 150k more than they were when I sold. No HPC have a theme and if you go against it you get kicked out. That's how they keep their audience of like minded individuals by limiting opposition.

Strange. Checking RM today:

Kensington RM changes in last 24h: 72% (31/43) of price reductions

Crashy_Time

damik wrote: »

Strange. Checking RM today:

Kensington RM changes in last 24h: 72% (31/43) of price reductions

Very strange.

James_B.

Crashy_Time wrote: »

And now David Cameron is even telling people that we are due another turn round the U-Bend (but this time it will be flushed) Wake up, this forum is just a little HPI bunker with the last deniers all huddled in a corner for warmth. There are hundreds of people daily on HPC, all with very different views.

Deniers of what? Denying that London peaked in 2009? 2010? 2011? 2012? 2013? April?

I don't know where house prices are going, but I do know when someone else has made a firm prediction, and called it wrong. Those previous peaks were not peaks. The market continued to rise.

Crashy_Time

James_B. wrote: »

Deniers of what? Denying that London peaked in 2009? 2010? 2011? 2012? 2013? April?

I don't know where house prices are going, but I do know when someone else has made a firm prediction, and called it wrong. Those previous peaks were not peaks. The market continued to rise.

Deniers of the obvious absurdity of a housing Ponzi built on cheap credit, deniers of the global meltdown shaping up in the wings, deniers that Cameron is now even reading HPC :rotfl: It was nice for some while it lasted ( if they managed to cash in) but it can`t last forever. Embrace it, run towards the light!

tkane

damik wrote: »

Strange. Checking RM today:

Kensington RM changes in last 24h: 72% (31/43) of price reductions

Ohh I am glad you have joined this site! I always look at your posts on "London is crashing" and wish I could reply to your rubbish but alas I too have been banned from your know-it-all site for having an opposing view.

Personally I think what you are doing is bordering on criminal by feeding false hope of a houce price CRASH and encouraging people to stay out of the housing market. I can only imagine how many people have gullibly followed the HPC mantra and decided to rent until that non existant crash comes along and have been priced out even more as a result.

Here's a little statistic for you, one in three of our MP's now has a buy to let property. Do you think they will ever allow house prices to go down in any meaningful way? That'd be like Turkeys voting for Christmas.

Buy to let mortgages were introduced in 1996, the last proper crash was in 1992 (2007 crash was a non-crash as there was zero supply and zero finance so not many people actually took advantage of the lower prices). Don't be fooled by thinking 1992 will come again, things HAVE changed and governments of all persuasions are completely and utterly behind the cause and will throw everything to beat the market.

Crashy_Time

tkane wrote: »

Ohh I am glad you have joined this site! I always look at your posts on "London is crashing" and wish I could reply to your rubbish but alas I too have been banned from your know-it-all site for having an opposing view.

Personally I think what you are doing is bordering on criminal by feeding false hope of a houce price CRASH and encouraging people to stay out of the housing market. I can only imagine how many people have gullibly followed the HPC mantra and decided to rent until that non existant crash comes along and have been priced out even more as a result.

Here's a little statistic for you, one in three of our MP's now has a buy to let property. Do you think they will ever allow house prices to go down in any meaningful way? That'd be like Turkeys voting for Christmas.

Buy to let mortgages were introduced in 1996, the last proper crash was in 1992 (2007 crash was a non-crash as there was zero supply and zero finance so not many people actually took advantage of the lower prices). Don't be fooled by thinking 1992 will come again, things HAVE changed and governments of all persuasions are completely and utterly behind the cause and will throw everything to beat the market.

Do you really think a sizeable number of the people "staying out" of the market at the moment are influenced by Damik`s posts? :rotfl: Smell the coffee before it is too late for Gawds sake!

tkane

Crashy_Time wrote: »

Do you really think a sizeable number of the people "staying out" of the market at the moment are influenced by Damik`s posts? :rotfl:

I really aimed my comment at the entire HPC massive which has been spouting the same rubbish since 2004. I am confident that many people over those ten years have been influenced by HPC.co.uk in their financial decisions. I know some personally.

Crashy_Time wrote: »

Smell the coffee before it is too late for Gawds sake!

Too late for what?

hells_bells

What is HPV?

James_B.

Crashy_Time wrote: »

Deniers of the obvious absurdity of a housing Ponzi built on cheap credit, deniers of the global meltdown shaping up in the wings, deniers that Cameron is now even reading HPC :rotfl: It was nice for some while it lasted ( if they managed to cash in) but it can`t last forever. Embrace it, run towards the light!

Ponzi? I don't think that you can understand what a ponzi scheme is if you think that it applies to the housing market.

Yes, easy credit has helped to increase house prices, but there's still plenty of cash looking for a home at present, so I don't see secured credit drying up to any significant extent.

As to a global meltdown, it's hard to know what you mean by that. The world economy is growing at a fair clip at present. I'm fortunate enough to be paid good money to make trading decisions based on economic fundamentals, and I just don't see anything in any of the markets that matches your assertions.