House price fall "accelerating"

SquatNow

mr.broderick wrote: »

Squatnow you are beginning to annoy me with your generalisations and sweeping statements without an ounce of evidence to support them, you strike me as one of those internet perverts who says things like "What you wearing at the moment?" to unsuspecting msn buddies

What are on about?

Everything I said wasn't just correct, it's also public knowledge.

House prices crash roughly every 18 years, give or take, and have done for centuries.
North sea oiland Gas IS running out.
Debts are higher vs wages than ever before in recorded history.

None of those facts are a secret, they are all well publicised!

Your doing what I would call "Random attacks to discredit"... insult another poster, make out they are an idiot, and hope anyone reading it too drunk to notice you're talking crap.

It's the equivilent of casting aspersions on a witnesses past in an attempt to discredit them in court... they may have been stone cold sober and witnessed the entire thing, but if you can find an unpaid parking ticket you can wave it court and show how dishonest they are and so can't be believed.

PasturesNew

SquatNow wrote: »

Your doing what I would call "Random attacks to discredit"... insult another poster, make out they are an idiot, and hope anyone reading it too drunk to notice you're talking crap.

roflmfao
Genius

PasturesNew

mr.broderick wrote: »

you strike me as one of those internet perverts who says things like "What you wearing at the moment?" to unsuspecting msn buddies

Stop. You're making me laugh!

Jonbvn

SquatNow wrote: »

What are on about?

Everything I said wasn't just correct, it's also public knowledge.

House prices crash roughly every 18 years, give or take, and have done for centuries.
North sea oiland Gas IS running out.
Debts are higher vs wages than ever before in recorded history.

None of those facts are a secret, they are all well publicised!

Your doing what I would call "Random attacks to discredit"... insult another poster, make out they are an idiot, and hope anyone reading it too drunk to notice you're talking crap.

It's the equivilent of casting aspersions on a witnesses past in an attempt to discredit them in court... they may have been stone cold sober and witnessed the entire thing, but if you can find an unpaid parking ticket you can wave it court and show how dishonest they are and so can't be believed.

Sh*tNow,

You are shouting again, in the vain hope that someone will believe you:rotfl:

hearts

"House prices crash roughly every 18 years, give or take, and have done for centuries"

As you know m8 Im in the Non Crash crowd. But you speak a lot of sense at times and I read your posts with interest. However this nonsense quoted above that you keep spouting, well its just that nonsense. There are many factors that may cause a crash but to say they will happen every 18 years or so regardless of the economic situation at that time. Its just nonsense m8. ;-)

SquatNow

hearts wrote: »

"House prices crash roughly every 18 years, give or take, and have done for centuries"

As you know m8 Im in the Non Crash crowd. But you speak a lot of sense at times and I read your posts with interest. However this nonsense quoted above that you keep spouting, well its just that nonsense.

I understand your sceptisism... feel free to DYOR... you'll find it's true.

I don't like the idea of posting links as it proves nothing... their are web sites that will tell you the government is controlling people with microwaves. It's like when people post "BTL is a great investment" links, and the links are from paragon, a specialist BTL lender...!

In this case you'll find huge quantities of information on the land price cycle... it's roughly every 18 years.

hearts wrote: »

There are many factors that may cause a crash but to say they will happen every 18 years or so regardless of the economic situation at that time. Its just nonsense m8. ;-)

It's hard to comprehend, but the entire economy is contolled by land prices. The "economic situation" is caused by land prices.

The mail on sunday recently ran a peice on problems in the chinease economy... shoe factories closing etc. If you read it they talk about increasing land prices causing problems. The long and short of it is a few years back the WTO ordered China to implement land reform and enshrine private ownership of land. A few years later, and land speculation has destroyed the economy in the areas it has been implemented... factories have raised wages 3-fold and still can't get staff... people simply can't work for the wages they offer and pay their rent.

DYOR on that if you wish, it's 100% legit... same as the chinease generals daughter... got involved in land speculation, is now worth $43bn.

mr.broderick

SquatNow wrote: »

I understand your sceptisism... feel free to DYOR... you'll find it's true.

I don't like the idea of posting links as it proves nothing... their are web sites that will tell you the government is controlling people with microwaves. It's like when people post "BTL is a great investment" links, and the links are from paragon, a specialist BTL lender...!

In this case you'll find huge quantities of information on the land price cycle... it's roughly every 18 years.



It's hard to comprehend, but the entire economy is contolled by land prices. The "economic situation" is caused by land prices.

The mail on sunday recently ran a peice on problems in the chinease economy... shoe factories closing etc. If you read it they talk about increasing land prices causing problems. The long and short of it is a few years back the WTO ordered China to implement land reform and enshrine private ownership of land. A few years later, and land speculation has destroyed the economy in the areas it has been implemented... factories have raised wages 3-fold and still can't get staff... people simply can't work for the wages they offer and pay their rent.

DYOR on that if you wish, it's 100% legit... same as the chinease generals daughter... got involved in land speculation, is now worth $43bn.

Thanks for the entertainment squatnow, what worries me is that you actually believe the nonsense you are spouting.

John_Pierpoint

mr.broderick wrote: »

Thanks for the entertainment squatnow, what worries me is that you actually believe the nonsense you are spouting.

squatnow has an element of truth in what he says BUT like a born again Christian, his light bulb moment has produced an unrealistic fervour.

squatnow was asked to tell us all about "Raffles", as in famous bar in Singapore.
Hint: Raffles was a colonial administrator, who probably out of necessity, taxed land rather than the produce of the land. It is difficult to hide land, fake land etc. and taxing it does not distort the structure of the economy, it just reduces the price.
This was at the time that the first economists realised that high land prices are caused by high grain prices not vice versa. The name Ricardo comes to mind.

So a tax on land extracts money from wealthy land owners, who are wealth through inheritance not hard work/enterprise. They are living by screwing wealth out of the latter class of people, who are creating it. The joy of this land tax is that it cannot be passed on to the tenant. So land prices fall.

So why don't governments tax land? They tried, I'm old enough to have lived in "A land fit for heroes", which had a tax on private home owners to make sure they were no better off than those paying rents. Well they still do, in the form or Inheritance tax and Council Tax BUT the ruling elite tend to own more land than the average bod. So are we surprised to discover that land does not pay council tax and rural land is given a big reduction in IHT? In fact agricultural land is subsidised by the European Union, so it is amusing to see about 1.5 of the 17.5% VAT on nearly everything we buy being given to landowners for DOING NOTHING.

Squatnow, your homework this week is to tell the rest of us all about "The Single Tax Movement".

Unfortunately these ideas have been around for well over 100 years, so don't hold your breath, if you expect them to be introduced..

The only place I've seen flying pigs is on Martin's weekly C5 program.

John.

SquatNow

John_Pierpoint wrote: »

So why don't governments tax land? They tried, I'm old enough to have lived in "A land fit for heroes", which had a tax on private home owners to make sure they were no better off than those paying rents. Well they still do, in the form or Inheritance tax and Council Tax BUT the ruling elite tend to own more land than the average bod. So are we surprised to discover that land does not pay council tax and rural land is given a big reduction in IHT? In fact agricultural land is subsidised by the European Union, so it is amusing to see about 1.5 of the 17.5% VAT on nearly everything we buy being given to landowners for DOING NOTHING.

In fact some governments have successfully implemented Land Tax... I think Finland did it some time back and turned their economy around in under 4 years.

But the most famous one is Japan. Post WW2 they implemened a land tax... the result was a truely booming economy for decades. Then some smart a$$ convinced people that removing land tax would cause prices to rise and make them all rich. They removed it, and everyone took all their money out of production and speculated in real estate. It destroyed their economy and they still haven't recovered.

Generali

The Japanese still have a land tax:

A municipal tax is levied at 1.4% of the assessed value of the land or building. For land used for a residential purpose, one third of the assessed value is excluded from taxation. For residential land up to 200 square meters, one sixth of the assessed value is deducted from the taxable amount.
To be excluded from property tax, the assessed value of the land must be not more than JPY300,000 (US$2,811), whereas for a house, the threshold is JPY200,000 (US$1,874).

Link

House prices in the UK don't go in 18 year cycles:



1975-1980 is 5 years.

1980-1990 is 10 years

1990-???? is ???? years

Of those datum points, what shows an 18 year cycle in property prices? If SquatNow could provide data rather than rhetoric then I'd be inclined to take his/her arguments more seriously.