house price crash is effing weird

ruggedtoast

Generali wrote: »

I once went for a meet up with a bunch of people who had been banned from HPC and started a splinter movement. Can't remember what it was called but it was a similar name.

Nice bunch actually. Sir Humphrey who used to post here was there and we chatted for quite a while until his missus got a little abusive (I think she lived in a Guardianista bubble and wasn't used to investment bankers with a rather different take on things. She liked wine in 250ml glasses a lot which I suspect didn't help as the afternoon turned to night).

Betty Page used to post here too and was there. She was very nice, one of those people that really occupy a room. She dressed a bit like a member of the Communards.

The bloke that set up the splinter group was there but I'm not sure if I remember his real name or his username. He was lovely and obviously bright, as was Sir H actually.

Good grief.

Any sign of Bruno?

Generali

mystic_trev wrote: »

It was globalhousepricecrash.com. I missed the meet up as I was abroad at the time.I remember seeing the pictures though! Blimey Gen, we're talking 10 years ago! :eek:

Yes, that was it. I think it was 2004, maybe Spring.

ruggedtoast wrote: »

Good grief.

Any sign of Bruno?

Sadly not. I've always wanted to meet Bruno. Ever since the umbrella thing. I like people that are passionate about their causes.

Cornucopia

Generali wrote: »

Yes, that was it. I think it was 2004, maybe Spring.

Did the crash ever happen?

ruggedtoast

Lot of water under the bridge since then. There were some okay people on HPC before the mentals all took over. They banned me for not being bearish enough.

It's weird it still exists, it just seems to have turned into a wacky outpost for people who find zero hedge too cerebral.

padington

Just about any forum that utilises very often googled search terms do well. It will grow and grow.

An example of clever URL squatting.

The site prays for a house price crash because advertising revenue jumps up when more people Google the term and land on their page.

If you set up a forum called ' itchy red rash' or 'iPhone not working', it would do just as well.

Thrugelmir

Cornucopia wrote: »

I'm all for having unconventional views and thinking outside the box, but there has to be some rationality behind it.

Keep an eye on the bigger picture. Don't get bogged in sentiment and ones own personal micro world.

Generali

Cornucopia wrote: »

Did the crash ever happen?

It depends where you live I guess. It certainly didn't happen in Clerkenwell where we had the meet up!

Dr._Shoe

I must be the only one here who isn't a misfit!

Crashy_Time

chucknorris wrote: »

There will certainly be other corrections, but I don't reckon they will fall lower than they were in 2009, that was their window to buy. But for many of them, it probably would have been better to buy prior to the 2007/8 correction, depends how long they waited, strange that they got it, but they still didn't buy.

Just like you didn`t see your tax bill rising Chucker you won`t see the next big housing crash coming, you have been brainwashed I`m afraid. This little hold out of a dozen or so HPI "believers" is about as weird as it gets IMO

chucknorris

Crashy_Time wrote: »

Just like you didn`t see your tax bill rising Chucker you won`t see the next big housing crash coming, you have been brainwashed I`m afraid. This little hold out of a dozen or so HPI "believers" is about as weird as it gets IMO

I don't need to believe in HPI Crashy, I have already had it, and I don't need to see the next correction coming, because I am very near to selling up, I might even start doing so as early as next year. I want to ensure that I don't lose the current private letting relief concessions that exists for capital gains tax. There hasn't been any mention of this, but I see it as possible 'fair game' in future budgets.

As for my tax bill rising, no I didn't see it coming, but it isn't that significant, I am not highly geared, and what mortgages I do have, only have an average rate of about 1%. I will have enjoyed the benefit of the wear and tear allowance and deducting full mortgage interest for 25 years, and I will be at least partially (if not wholly) selling up in the next few years. So I got the benefits when I needed/wanted them. My attitude isn't negative, I am reflecting over 25 years of excellent capital growth and rental profits.