Prices will fall by 50% in four years

StevieJ

I have not seen that bereavment chart for a while, the one that was used to show how the markets were going to plumet, also what is the crack with those US reset mortgages such as Alt-a that were a ticking time bomb according to Biggles ?

Thrugelmir

nollag2006 wrote: »

I love the OP's arrogance.

Have finally we reached the stage of euphoria ?

Been a while coming.

nollag2006

Thrugelmir wrote: »

Have finally we reached the stage of euphoria ?

Been a while coming.

No need for euphoria, but a certain sense of relief that the world is now emerging from a very dark economic phase of development and that house prices and the economy should continue to grow over the next few years.

I still stand by my prediction of 5-8% London house price inflation for 2012

Thrugelmir

nollag2006 wrote: »

No need for euphoria, but a certain sense of relief that the world is now emerging from a very dark economic phase of development and that house prices and the economy should continue to grow over the next few years.

Where's the UK going to grow its exports to now that Europe, hardly unsurprisingly is heading back into recession?

sabretoothtigger

The UK is going to grow its exports to Asia or it wont grow at all as you point out we are in the west are done spending new money

Mr.Brown wrote: »

edit: I do think we should try to get the basics right, especially on such an impotent forum.

:laugh:

carolt wrote: »

To all of you, I wish you all well.

Especially you, ISTL.

Honestly.

lies, you're crashing spells have failed to cast. No you cant have a lock of my hair

Harry_Powell wrote: »

Semicolons are used between clauses which could stand alone, but which are closely related. For example, "He ran with his shirt over his head; he had forgotten his umbrella once again". I'm not sure this is relevent in my sentence.

They're also used to indicate longer pauses in a sentence than that expressed using a comma. Again, I don't think this is relevent to my sentence.

This forum is an education; I will send forth a blizzard of semi colons where ever possible in future

Have finally we reached the stage of euphoria ?

No not even close. But they are building houses near me for 750k that are worth maybe 250k; I believe new houses qualify for various schemes so I guess its making sense for some on finance, etc

A few years on and not only have there been no 50% falls, but interest rates are at 0.5% instead of rising as the OP predicted.

We have vanquished common sense economics valiantly and vainly

StevieJ wrote: »

I have not seen that bereavment chart for a while, the one that was used to show how the markets were going to plumet, also what is the crack with those US reset mortgages such as Alt-a that were a ticking time bomb according to Biggles ?

The fuse was wet doesnt mean the charges werent primed. Remember Kids, never go back to a lit firework!
We have the low rates, the actual dynamics will unwind when rates are forced back to realism and this is also when gold rises fastest when rates are rising ironically.

Not that gold ever changes value, just the price allegedly and I presume we see similar disparity in housing, rising prices falling value

crash123

nollag2006 wrote: »

No need for euphoria, but a certain sense of relief that the world is now emerging from a very dark economic phase of development and that house prices and the economy should continue to grow over the next few years.

I still stand by my prediction of 5-8% London house price inflation for 2012

This is going on for years. This is not your usually cycle, this is the big one.

mrcow

crash123 wrote: »

This is going on for years. This is not your usually cycle, this is the big one.

If it takes any longer, we'll all be dead before it gets underway.

nollag2006

crash123 wrote: »

This is not your usually cycle, this is the big one.

Ah yes - the end of history - this time it's different?

Haven't we heard that somewhere before?

crash123

mrcow wrote: »

If it takes any longer, we'll all be dead before it gets underway.

I like that.
I read an article the other day that said it could take between 5 and 35 years to sort this mess out. You could be right.

sabretoothtigger

we'll all be dead before it gets underway.

Well it is timed to people's life cycles so you are correct.

The retirement of Japanese workers; Western baby boomers is significant in that these people are not saving towards a pension; but recalling those pensions, reversing the debt to spend as income now.

There is a tipping point where rates do have to rise in order to justify United Kingdoms capital shortfall, we dont fly on thin air somehow.

This dynamic is true even in China which has restricted its birthrate for decades; who cares well it amplifies the effect at the other end of the scale, retirement from working.
If China changes how it works it costs us more and so on, nothing ever stays the same

crash123 wrote: »

it could take between 5 and 35 years to sort this mess out.

I like that.

I dont think its realistic to say we'll be getting richer in those 35 years. That is a fantasy, I do not like that

It could take hundreds of years in theory, look around the globe and plenty of countries got left behind. It will not be a positive for us