House prices at least 20% too high

tomstickland

Nah, that's just very funny. I love it.

Taffyscot

I dont get it what is an str? what does this have to do with house prices? I am losing the plot I think.

[Deleted User]

Jesus man, watched some of brunos videos, I thought i was a nutter but that guys a complete f**kin off his head nother world crazy dude. He needs a labotomy so that he can live in peace. I wonder if he sees STRs grabbing at him in his dreams. Bruno we are coming to get you, bruno ur mine now. STR forever! bruno we are are after you, we are watching you, you can hear our transmissions through your tooth fillings.

[Deleted User]

Im thinking that bruno is a STR and has got burnt.

EliteHeat

Taffyscot wrote: »

I dont get it what is an str? what does this have to do with house prices? I am losing the plot I think.

STR = Sold To Rent. A speculative ploy based on the increasing absurdity of the average house price and a belief that they must come down to affordable levels.

EliteHeat

EliteHeat wrote: »

STR = Sold To Rent. A speculative ploy based on the increasing absurdity of the average house price and a belief that they must come down to affordable levels.

Note: particularly relevant to Wales & Northern Ireland

Pobby

Oh hi nelly!How`s tricks?Was only thinking yesterday,I have enough put by to purchase another property for cash down here in pastie land.Now why would I want to do that?Next to London and the south east we have had the highest property inflation in the U.K.Factoring voids,repairs and all the other joys of btl,I would probally get just under 4% return on capital to say nothing of capital depreciation when the house price crash hits home.Right now,with little risk,this cash can give me 8% return for doing nothing.If I was totally risk adverse I would be looking at a 6% return.No brainer really!

So more and more are joining the largest pyramid selling scheme that the UK has ever experienced.Markets are driven by sentiment,fear and greed.Imho the writting has been on the wall for ages.Once I started seeing lie-to-buy,5 times income, and all the other twist and turns of mortgages I realised that the party was being kept alive in am artificial way.As I have said before,the 7% interest rate is the new 15% rate.People have such short memories.The early 90s were plain scary.People could not afford to keep up mortgage payments and got repossed.History repeats itself.

I think there are warnings coming from the Spanish,American and Irish housing markets.How long will it be before it hits these shores?

By the way,once we have been entertained by Bruno Brolllybot,check this out.Pretty good reasoning IMHO.

http://www.youtube.com/watch?v=2B1HJ3INc5k&mode=related&search=

sm9ai

Oh my god, Bruno videos are so pathetic that they are actually worth watching for comical value.

Love the comment about FTB's being sore losers and should of bought 10 years ago. Wow, all those people who should of bought when they were 10-15 years old. I bet they look back now and think why oh why didn't I get a mortgage when I was 10.

Pobby

Thought this was pretty scary as well!!!!

http://www.youtube.com/watch?v=SejeITkaOWc&mode=related&search=

tomstickland

I don't think Bruno is serious. The last video voiceover makes me think it's a big joke.