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

rustybucket

Oliveru wrote: »

So he can support a wife and child yet is having a hard time in China? Must be an erroneous case as all the expats in China I've spoken to (perhaps 4-5) were having a great time.

Sure China is not perfect, it is rife with all the problems of capitalism (maybe even a little worse in some cases!) that we have here but their government has a long term goal to make the country prosper which instills me with a lot of confidence. I'd say as a foreigner you can do pretty well for yourself on an English teachers wage in China for example right now.

I actually did a little working out and realised I'd need to earn ~ £30k in this country to get the same quality of life as I can get in China as soon as I start my career there, and obviously the more experience I get the higher my pay can be.

Are they your mates these expats or just people you have spoken to via a forum? 15 years is a long time and he wants to try here, and he believes he can make an honest living here. He does talk about the corruption (though that can happen anywhere) and his an honest guy and I think it grates him. TBH 30K in London is fairly easy to start, especially as your talking about teaching (start about 25K).

If your heart is set on China go for it, travel broadens the mind, helps you grow up. It also helps you see life from a different angle so will be good for you. What I would advise is concentrate on the positives, rather than focus on the negative reasons for leaving this country, many expats come back to the UK as they left with negative feelings to the UK and expecting all to be right with their adopted country but found they still were moaning about the same things and were unhappy. Those that go for another of lifes adventures appear to enjoy their new lifes considerably.

This thread has gone off course from your initial post. I dunno if your looking for a good debate or just flaming, but we can all speculate about the future can't we, but only a few get it spot on and I'd bet gold that it won't be you.

fc123

I can't post a link as 'proof' but I read that more 'millionaires' were created from the last recession than those that were created from the previous boom (80's).
And it's enlightening to read the thoughts of a 21 yr old......I'm sure if Internet Land had existed when I was 21, my posts would have been completely different.

LillyJ

I am 23 and if Oliveru is 21 then it certainly isn't an age thing as we don't agree in the slightest!

Snooze

Oliver may only be just out of nappies but - China issues aside - on the whole he speaks a lot of sense imho. I personally don't believe that the market will crash 80% - I think that's pie in the sky, but no-one knows for sure and he's entitled to his opinion as much as the next person. Personally I'm on the same band-wagon as PasturesNew - I reckon an average of 40% ish, perhaps a little less. Some places will see big drops (bad areas and city centre crash-pads) - maybe 80%, but I think they'll be the minority rather than majority.

Rob

Oliveru

rustybucket wrote: »

If your heart is set on China go for it, travel broadens the mind, helps you grow up. It also helps you see life from a different angle so will be good for you. What I would advise is concentrate on the positives, rather than focus on the negative reasons for leaving this country, many expats come back to the UK as they left with negative feelings to the UK and expecting all to be right with their adopted country but found they still were moaning about the same things and were unhappy. Those that go for another of lifes adventures appear to enjoy their new lifes considerably.

I think it can happen both ways, you can go and work in another country purely for the experience/ adventure but these people usually end up coming back as they are just travelling a lot of the time.

But there are cases where people have moved abroad for a higher quality of life and I'd definitely include myself there, I know of a couple of British expats that moved to Thailand, have been living there 10 years now and are so much happier than they were in the UK.

Sure I may not get it spot on regarding house prices, but if you want to bet gold then I can give you a run for your money as gold will definitely be going above $3,000/ ounce in the next 10 years

I was looking for a good debate but it got a little out of hand as I kept having to defend my integrity against LillyJ's remarks. But it's nice to know there are at least a couple of people on this forum which sympathise with my opinion so there is hope yet!

rustybucket

And I agree with you on the gold, bet Gordon Brown wishes he had not sold half our stock when it was dirt cheap, and they are not sympathetic to your point of view, they agree with it.

Bismarck

Oliveru wrote: »

I was looking for a good debate

Why?

Were you bored and wanted to pick a fight with some people?

80% seems a provocative extreme on an emotive issue....do you have any feeling about how much negative equity that would saddle millions of families with? My gut feeling is a 20% correction over the next 2 years, barring catastrophes.

If you want a debate, how about starting one on what's going to happen this winter if retail inflation continues to rise (whether it's recognised and admitted by the government or not) and people can't afford to eat or heat their homes...

neverdespairgirl

terryw wrote: »

P.S NeverDespairGirl...nothing personal that we disagree here, You usually have stimulating comments to make.

Of course not! Disagreeing is part of the point, it would be very boring if we all agreed (-:

neverdespairgirl

LillyJ wrote: »

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.

There is nothing wrong with people choosing to live with their families, whatever their ages - in my opinion.

Oliveru

Bismarck wrote: »

Why?

Were you bored and wanted to pick a fight with some people?

80% seems a provocative extreme on an emotive issue....do you have any feeling about how much negative equity that would saddle millions of families with? My gut feeling is a 20% correction over the next 2 years, barring catastrophes.

If you want a debate, how about starting one on what's going to happen this winter if retail inflation continues to rise (whether it's recognised and admitted by the government or not) and people can't afford to eat or heat their homes...

Retail inflation will continue to rise there is no doubt about that, infact I alluded to that when I mentioned the devaluation of sterling.

Sure these are emotive issues but we shouldn't ignore them, the fact they are so important to everyday lives makes them issues that should be discussed more than any other but many people would prefer to pull the wool over their eyes. I think the majority of perceptions will become much more extreme in future when the economic crisis bites down hard on peoples quality of life. My heart goes out to people that will be seriously affected by this crisis but they will still have a roof over their heads and food so it's not a famine!

If an in issue is more important if anything it should be discussed more.