Two sure signs of an impending crash

caronoel

1) The old doom-mongers on here (the likes of CarolT and brit1234) have gone VERY quiet over the past year to 18 months. Perhaps they’ve bought somewhere nice together?

2) We no longer see Jonathan Davis, the great complainer, on telly anymore roaring about an impending crash.


If these siren voices have fallen silent, then it must now surely be the time to sell to rent!

LHW99

If there isn't a crash coming then there's a crash now, or its just happened.

If you're happy to invest, keep investing. If you're not - stop. Doesn't matter what may or may not happen over the next six weeks, the time scale should be over years.

Conrad

caronoel wrote: »

1) The old doom-mongers on here (the likes of CarolT and brit1234) have gone VERY quiet over the past year to 18 months. Perhaps they’ve bought somewhere nice together?

2) We no longer see Jonathan Davis, the great complainer, on telly anymore roaring about an impending crash.


If these siren voices have fallen silent, then it must now surely be the time to sell to rent!

I hear Davis on LBC now and then

When I was getting back into buy to let he was frothing away urging people not to go near property for years. Turns out this financial planning guru was wrong

Who knew!!

co-op_lover

caronoel wrote: »

1) The old doom-mongers on here (the likes of CarolT and brit1234) have gone VERY quiet over the past year to 18 months. Perhaps they’ve bought somewhere nice together?

2) We no longer see Jonathan Davis, the great complainer, on telly anymore roaring about an impending crash.


If these siren voices have fallen silent, then it must now surely be the time to sell to rent!

So if I sell to rent this is what would probably happen.


Current house value £230,000 (mortgage outstanding £145000) we are interest only currently £380 per month. If I sell I would pocket £85,000 and to rent my current property it would cost me £1000 per month. What would you do?

Thrugelmir

Start paying off the mortgage.

co-op_lover

Thrugelmir wrote: »

Start paying off the mortgage.

too busy blowing my money

Conrad

Thrugelmir wrote: »

Start paying off the mortgage.

Last thing on my agenda Thruge babes.

Far better to make the most of super low FIXED rates and invest.

Of course if rates go up, sell some schit and pay down debt that way.

Thrugelmir

Conrad wrote: »

Far better to make the most of super low FIXED rates and invest.

Invest in what though. The mere election of a protectionist US President has shaken matters globally to the core. The realisation that the US does only care about itself (and always has done) may sink home. 60 years of post war economic policies may be at an end. There's an intriguing thought.

steampowered

Thrugelmir wrote: »

Invest in what though. The mere election of a protectionist US President has shaken matters globally to the core. The realisation that the US does only care about itself (and always has done) may sink home. 60 years of post war economic policies may be at an end. There's an intriguing thought.

I don't agree that anything has been shaken to the core. Stock markets seem to be doing just fine.

There's nothing particularly outrageous or surprising about Trump's economic policies to be honest. Yes they are very protectionist and anti-free trade, so a free trade advocate like Conrad presumably hates them. But Hillary's economic policies were also protectionist.

padington

Thrugelmir wrote: »

Invest in what though. The mere election of a protectionist US President has shaken matters globally to the core. The realisation that the US does only care about itself (and always has done) may sink home. 60 years of post war economic policies may be at an end. There's an intriguing thought.

He's surrounded himself with the old guard. It's the same establishment in power, nothing much will change.

For those thinking this will herald a new era of high interest rates, It ain't happening, he's a property tycoon, that fat turkey won't vote for Christmas.

pop_gun

Jim Rickards of Captail Asset Management said in several recent interviews that a global crisis was imminent. He said in 1998, Wall St bailed out a hedge fund. In 2008 the central bank bailed out Wall St. In 2018 the IMF will have to bail out the central banks using SDRs.
He said bank depositors over the government's guaranteed amount will lose their deposits in an attempt to bail out the banks.