Are you a crash troll?

System

I'm not a crash troll but I do understand that there will be a HPC caused by the next financial crisis. The central bankers are running out of ways to manipulate the markets. If you follow financial markets, you will understand

Eric_the_half_a_bee

westernpromise wrote: »

If you did manage to find and cite a crash troll who - apparently accurately - predicted a property crash in 1989, you will also find that this troll has continued to predict a crash ever since.

Utter rubbish. I chose not to buy in 1989 because I thought house prices were unsustainably high. It required no special genius, many others I know did the same. Then I bought in 1995.

System

Most people on here do not understand the relationship between HP and IR.

High HPs - low IRs

Low HPs - high IRs

Imagine today's HPs at a BR of 5%. HPs would still be stuck at 2009/2010 levels.

wotsthat

mrlegend123 wrote: »

Most people on here do not understand the relationship between HP and IR.

High HPs - low IRs

Low HPs - high IRs

Imagine today's HPs at a BR of 5%. HPs would still be stuck at 2009/2010 levels.

The problem for anyone waiting to buy until 5% base rates induce a crash are going to have to wait a long time and there's no guarantee that such a crash will happen.

In the near future base rates of 5% are likely to remain a figment of the crash trolls imagination.

If they want to buy, and one assumes they do, they may as well get on with it and use low interest rates to their advantage. What's the point of spending years renting when you really want to buy?

System

The monetary system will be changed well before BR of 5%. The US have started the change process now.

wotsthat

mrlegend123 wrote: »

Most people on here do not understand the relationship between HP and IR.

High HPs - low IRs

Low HPs - high IRs

That relationship isn't that obvious either. My house is worth about the same as in 2007. In 2007 my mortgage rate was 5.48% and today it's 2.29%.

System

Ok i forgot to include subject to region. Sorry

mwpt

mrlegend123 wrote: »

The monetary system will be changed well before BR of 5%. The US have started the change process now.

Go on, give us a hint at what it is changing to and how that means you shouldn't buy a house?

System

I'm not giving advice because I don't care what people do with their money. Most people on here don't follow foreign affairs and financial markets.

The dollar is telling the story....

westernpromise

Eric_the_half_a_bee wrote: »

Utter rubbish. I chose not to buy in 1989 because I thought house prices were unsustainably high. It required no special genius, many others I know did the same. Then I bought in 1995.

Then either

1/ you're not a crash troll, or
2/ you are a crash troll and the definition is faulty.

Have at it.