Sell Your House Now Or Face 80% Falls, what is YOUR prediction?

LillyJ

Oh for goodness sake move to China and be done with it. We aren't all idiots who took advantage of cheap credit you know.
If you knew what was going to happen a long time ago then you would have bought and then sold last August. But you didn't put your money where your mouth is. Cos you aren't psychic, that's why.
If you hate the UK so much don't come on a British website and moan about it, get off your bum and move.

Why on earth you have branded everyone on this forum ignorant when you have been here all of one day is beyond me.

Don't start me on China and their human rights policies, I will let you go over there and see for yourself. Hope you don't want a couple of kids though.

MrSafeGaz

Oliveru wrote: »

I highly doubt that, many people live in a dreamworld about how our whole economic system works. Even people working in finance were taken by surprise by the credit crisis. The housing market is the tip of the iceberg for a country thats been running on lifelines of private and public debt for over a decade.

I don't claim to be an oracle, hell I could be wrong and houses might only fall 30% in value but at the same time I'm not going to discount 80% falls as a possibility so for you to say prices will definitely not fall by that much is being very presumptious as no one knows for sure what will happen.

I don't think it's presumptuous at all, I think it's realistic. The cleverest, most experienced economists in the UK, both those who have vested interests in house prices falling and those in house prices rising don't predict falls anywhere near your ridiculous figure and sorry to say but these guys do know about the subject in more depth than you.

You could write a book on your understanding of the current situation but if the conclusion you came to at the end of it was 'and therefore house prices will fall by 80%' it would still remove all credibility from anything you say.

rustybucket

Oliveru wrote: »

If I had any savings you can bet I would be shorting sterling by buying gold, silver or foreign property in certain places.

If I was in your position living with my parents I'd be saving hard and putting your words into practice.

LillyJ

rustybucket wrote: »

If I was in your position living with my parents I'd be saving hard and putting your words into practice.

He won't put his money where his mouth is cos he doesn't know.
He probably has a tenner in his piggy bank and is trying to decide where to "invest". I really think he is just a troll. (and probably 15 years old)

neas

oliveru lives with his parents? oO

rustybucket

LillyJ wrote: »

He won't put his money where his mouth is cos he doesn't know.
He probably has a tenner in his piggy bank and is trying to decide where to "invest". I really think he is just a troll. (and probably 15 years old)

Maybe trolling, maybe just finishing a uni degree and full of influence from a tutor he may fancy :-)

LillyJ

neas wrote: »

oliveru lives with his parents? oO

yeah he does. He said so in another post. To be honest in that case he is probably either 15 or has no financial knowledge whatsoever or no job if he hasn't managed to get any savings yet. Isn't it funny how people know exactly where to invest hypothetical savings but !!!!!! themselves when they have to do it for real.

Oliveru

LillyJ wrote: »

have bought and then sold last August. But you didn't put your money where your mouth is. Cos you aren't psychic, that's why.
If you hate the UK so much don't come on a British website and moan about it, get off your bum and move.

First of all the reason I didn't buy 10 years ago is because I was still in school at that point Secondly I plan to move as soon as I can afford it. As for your point about China's one child policy, I think it's great and it's about time a country started doing something constructive about our worldwide unsustainable population boom.

I'm quite happy to have one child if it means that child will have a better quality of life by having less competition for resources from other human beings and inheriting more financially from their parents than say 2,3 or 4 children could.

If you think being on a forum a long time suddenly makes you a more credible person then you are suffering from internet-ego-syndrome and should take a short break from your computer.

If China is so corrupt then how do you explain them investing their huge trade surplus in state of the art rail transport infrastructure traversing huge distances between many cities in China? Infact don't answer that, it would be too tiring for me to try and carry on explaining.

The main reason I posted my rant was to provoke a reaction and maybe get some discussion going but I think my views are too extreme right now, it will take some hard long lessons for the people of this country to wake up.

Economics despite being a little boring is at least easier to talk about objectively than say, social issues (chavs etc) which would be even more difficult to educate people on which is why I didn't even mention that aspect of the UK!

The very fact that your responses are personal attacks regarding age (I'm 21 btw), calling me a troll, saying i have no knowledge and alluding to my not having any money just go to show how dogmatic and small minded people are when they are faced with radically different views.

The reason this is the case is that from a psychological point of view my statements are so insulting to your reality (your perception of how things work) that you feel you need to defend yourself against them strongly hence the personal attacks.

LillyJ

Oliveru wrote: »

First of all the reason I didn't buy 10 years ago is because I was still in school at that point Secondly I plan to move as soon as I can afford it. As for your point about China's one child policy, I think it's great and it's about time a country started doing something constructive about our worldwide unsustainable population boom.

I'm quite happy to have one child if it means that child will have a better quality of life by having less competition for resources from other human beings and inheriting more financially from their parents than say 2,3 or 4 children could.

If you think being on a forum a long time suddenly makes you a more credible person then you are suffering from internet-ego-syndrome and should take a short break from your computer.

If China is so corrupt then how do you explain them investing their huge trade surplus in state of the art rail transport infrastructure traversing huge distances between many cities in China? Infact don't answer that, it would be too tiring for me to try and carry on explaining.

The main reason I posted my rant was to provoke a reaction and maybe get some discussion going but I think my views are too extreme right now, it will take some hard long lessons for the people of this country to wake up.

Economics despite being a little boring is at least easier to talk about objectively than say, social issues (chavs etc) which would be even more difficult to educate people on which is why I didn't even mention that aspect of the UK!

I never said China was corrupt, I said it had human rights issues, which you cannot deny. I am slightly perturbed by your obsession with wealth. To only have one child so that they inherit more is the most disturbing reason I have ever heard! If you think that a policy that has lead to the murder of countless baby girls is a good one then I am afraid I have nowhere left to argue with you.

I didn't say that being on a forum a long time makes you more credible, but it is a bit bizzare to brand everyone on a forum ignorant when you have never been there before.

By the way I don't need "educating" on anything thanks, I have a good education and don't need it enhancing by some jumped-up school kid on the internet.

With regards to being small minded about your "radical views", I am open minded but not to utter claptrap.

Oliveru

rustybucket wrote: »

If I was in your position living with my parents I'd be saving hard and putting your words into practice.

Oh trust me I am I'm saving hard plus moving to China, I doubt there is much more I can do to put my money where my mouth is!