'We've reached a tipping point' Signs of house price weakness

Crashy_Time

Rota wrote: »

But you were saying before that lending levels were the lowest since 2007?

I said sales volumes were way down on 2007. What is your point?

Rota

Crashy_Time wrote: »

So what, the government makes money every time you buy a packet of fags? The government are ruled by events in the US, the rest of the world (which isn`t looking too clever right now?) and the bond markets, and they are actually borrowing a lot more money than they are "making"? (unless you count the print run at Debtneedle Street)

Well, they don't make money of fags, it probably goes to cancer treatment for the NHS. They rest of your assumptions are taken with a grain of salt. Same as it ever was really.

At which level (year) would you buy back into your local market?

Crashy_Time

Rota wrote: »

He must have a target in mind though? They all sit there praying for a crash but they never ever say where this unicorn crash will end and its fair value again. Are they waiting for a 4 bed detached house for 20k or something else? I really am curious to know. Notice how its never answered.

My target is to watch the collapse of the biggest Ponzi scheme in history, open a cold beer...and laugh.

Crashy_Time

Rota wrote: »

Well, they don't make money of fags, it probably goes to cancer treatment for the NHS. They rest of your assumptions are taken with a grain of salt. Same as it ever was really.

At which level (year) would you buy back into your local market?

Really? So the UK government tells the US, the bond markets and the rest of the world what to do so that Indebted of Doncaster can keep renting his new-build from the bank?

Thrugelmir

Rota wrote: »

How so? The Govt is actually making money from HTB.

The Government hasn't made money from HTB. The jury is still out.

Likewise the (part) nationalisation of RBS, HBOS, NR and B&B.

Rota

Crashy_Time wrote: »

My target is to watch the collapse of the biggest Ponzi scheme in history, open a cold beer...and laugh.

And buy at which level (year) ?

Or have you spent the last decade typing so you can have a beer and laugh? You can go to the pub any night of the week to do that.

I think your reply sums it up. You would never buy, so why do you bother with this dream of a crash?

Rota

Crashy_Time wrote: »

Really? So the UK government tells the US, the bond markets and the rest of the world what to do so that Indebted of Doncaster can keep renting his new-build from the bank?

Yeah, just the same as it ever was.

HAMISH_MCTAVISH

Crashy_Time wrote: »

So what, the government makes money every time you buy a packet of fags? The government are ruled by events in the US, the rest of the world (which isn`t looking too clever right now?) and the bond markets, and they are actually borrowing a lot more money than they are "making"? (unless you count the print run at Debtneedle Street)

And back to form with the question marks at the end of every sentence....;)

Nice to see you again old bean.

You're still as catastrophically wrong today as you were 5 years ago on HPC, but hey ho....:rotfl:

Crashy_Time

HAMISH_MCTAVISH wrote: »

And back to form with the question marks at the end of every sentence....;)

Nice to see you again old bean.

You're still as catastrophically wrong today as you were 5 years ago on HPC, but hey ho....:rotfl:

Hamish, a question mark at the end of every sentence is less hassle than a graph at the end of every paragraph, don`t you agree?

HAMISH_MCTAVISH

Crashy_Time wrote: »

I said sales volumes were way down on 2007.

As is mortgage lending.

You know, the thing you blamed for high prices last time around.

Approvals today are at little more than half the long term average, as mortgage rationing remains endemic.

Yet prices have now exceeded previous peak on average.:D

Because you can't cure a housing shortage with lending restrictions.:cool: