Mmmmm what a lovely graph

thriftybabe

I know of a company who is giving 30 day notices to staff. We know a lot of the staff who think that their jobs will be okay and it will be others that have to go! However, with no new sites starting and about 20 excess staff - where do they think that they are going to go??? It is driving me absolutely crazy that they are all on planet zonk!!

carolt

Sad.

That said, I do think the graph will look even prettier once the Halifax figures are brought up to date.

Zammo

Is this what the fabled "soft landing" is supposed to look like?

:rotfl:

Generali

Here's one of bank lending. Almost back to 2002 levels then:

3under3

Generali wrote: »

Here's one of bank lending. Almost back to 2002 levels then:

That graph looks very similar to one posted recently, psychology of a bubble or something like that..

dopester

skap7309 wrote: »

Im sure Assetz and The National Association of Estate Agents will find an explaination to this preposterous graph...........................................

I've read a few comical Assetz press-releases - and wasn't he the only person to very recently vote house prices would rise this year amongst 300 of his peers.

Moneyweek - (Merryn Somerset Webb) - had Stuart Law of Assetz a panel interview back in October 2007 and he was getting owned badly then. And James Ferguson (economist at Pali International) was straight shooting on most of the important things to come.

That means the guys who are most at risk are the ones sitting there saying, “I started five years ago and I’ve made a fortune and I’m going to sit it out because I’m taking the long-term view”. This is a massive Ponzi scheme because all buy-to-let investors are governed by the same equation and the first guy out wins – anyone who waits is toast.

I would advise a buy-to-let investor to sell his entire portfolio. And anyone who advises a buy-to-let investor to buy right now, should, I think, be legally sueable – because to do so is irresponsible. The thing is, when the maths is no longer there to justify doing the trade – yet everyone keeps doing it – they are doing it for the momentum. They are doing it because it’s worked in the past, and therefore they are assuming it will work again. And the usual trade-off statement is, “I’m not short-term, I’m doing it for the long-term”. And that’s the easiest way to lose your shirt that was ever invented.

mrstinchcombe

dannyboycey wrote: »

And for those who bought at the peak, it will make them as flaccid as the lines on the graph.

Its all very well cheering the decline of the housing market which is to the benefit of the majority but gloating about those that bought at the peak is very harsh. A lot are normal FTBs!

dopester

mrstinchcombe wrote: »

Its all very well cheering the decline of the housing market which is to the benefit of the majority but gloating about those that bought at the peak is very harsh. A lot are normal FTBs!

So what? I'll be a normal FTB as well when prices reach some level of affordability.

People make their own decisions in this world. Mine was to rent and wait, and no one is going to censor my opinion on the way things are moving, the crash in motion, just so it won't hurt the feelings of people who've bought vastly over-valued property and committed themselves to a staggering amount of debt.

mrstinchcombe

dopester wrote: »

So what? I'll be a normal FTB as well when prices reach some level of affordability.

People make their own decisions in this world. Mine was to rent and wait, and no one is going to censor my opinion on the way things are moving, the crash in motion, just so it won't hurt the feelings of people who've bought vastly over-valued property and committed themselves to a staggering amount of debt.

I am a normal FTB too, waiting for the decline to enable me to buy my first flat so there is nothing I want more than a crash to help me do this.

However I also know many people that made the plunge at the peak who will be feeling the effects of a crash quite badly.

I never suggested you censor your comments or opinion, I was just highlighting them as the selfish and egotistic comments that they were!

Yeah a HPC will help both me and you, but theres no need to gloat about people just like us who happened to have made a bad decision!

LillyJ

The point when graphs sexually arouse me is the point I decide to actually get a life (or a new partner)