yes just go back have a look at who said it, it was posted and you argued against it, in fact the post was spot on, infact a percentage was quoted some that now is being pushed out by the paper etc...
House prices..
- Thread starter fendi
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yes just go back have a look at who said it, it was posted and you argued against it, in fact the post was spot on, infact a percentage was quoted some that now is being pushed out by the paper etc...
The irony in this post is overwhelming... You're criticising people for being selfish while expressing your own selfishness.
I've got a house with a good lump of equity (even with the current drops) and a large amount of cash in the bank, do I get to play and laugh as well?
So someone, three years ago, predicted the complete collapse of the mortgage market, risks of deflation, drops in interest rates to the lowest on record, and a massive government rescue of the financial market?
Can you provide a link, I don't remember that one
Or are you talking about CLV101's prediction, which wasn't 3 years ago, and again completely missed the cause of the problem?
Are implying me?
Lets face it the crash of 2008 has proven what went wrong with the bank and that it was full of money robbing conmen, we will look back and be thankful for what happened.
Yes, but do we really care who predicted what now? The market didn't drop as a result of someone on the forums predicting a downturn on a particular date just so we can say, "It's all his/her fault!".
It's not so much that, it's getting a view from those that appeared to believe a house price crash would happen in isolation and therefore be a good thing, as opposed to being the consequence of a bad thing that would outweigh any good it might do (an example is houses getting cheaper but mortgages becoming much harder to get, meaning less people actually able to obtain their own house than before despite the price drop)
I wasn't implying anyone in particular. As for 2008, it proved that both bankers are money grabbing gits and that bad regulation is far worse than no regulation in the market.
http://forums.overclockers.co.uk/showthread.php?t=17664171&highlight=crashuk
heres the link there are others, just cant be asked to find them.
heres the link there are others, just cant be asked to find them.
Exactly, I'm in a similar situation to you. The good thing though is that for the past five years I've had a home. Something I never really had when I was in rented accommodation that I didn't care a bit about. I'm also in a house now that I really love and wouldn't have been able to get had I (and more importantly my other half) not owned a house previously. It would take a hell of a drop now to put us anywhere near negative equity.
Unlike matttheman though I feel for people not in a situation as secure as my own.
+1 - The house I was buying (at the peak of the market) had the sale fall through. Damn that was lucky!
I've been working my nuts off and saving like mad to build up a 45K deposit for when I want to buy. All I'm doing now is biding my time and continuing to save
That thread is predicting massive inflation... and that it would all happen in 2007... and it's only two years not three... and he was advocating huge interest rate hikes as being necessary and a good thing, when arguably our rates were higher than they should have been for a while before this crisis started, as inflation at that point was related to price inelastic commodity prices...
So not at all what was asked for then... Especially as I didn't post in that thread, so I couldn't have argued against the poster
Heres the link please do say something and i can bring up others with 30%-50% drops with 15% in the first year government bail out etc.. even before it all happend.
I would guess a crash would only help first time buyers, since providing they have a reasonable deposit which in turn would give them a mortgage offer, would ease the pain in affordability if the house they are after is now much cheaper.
For those with existing property it's still relative, e.g, the house they will be currently in will drop the same as the one they want to upgrade to.
For an economy based on debt it's no wonder we had a crash - certainly without irresponsible lending (by the banks) and insane city bonuses, we might not be in this situation, but i am no economist.
yes, the start of 2007 was high inflation, etc... that lead to the credit crunch, then deflation, there is a post were he does state delfation will occur but not yet, and told people to jump into the euro and sell pounds etc.. very spot on, then he was banned for unknown reason.
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Erm, no. Correlation does not equal causation. We didn't suffer particularly high inflation in 2007 (a peak of 3.9% isn't exactly high), nor did inflation lead to the credit crunch...
You seem to know a lot about him for such a new poster...
The cpi was fixed it was much higher, more balance was put on lcd tv than food etc... cpi was fixed since 2000.
do a search on house prices etc.. and a few names pop up.
Perhaps, but it's odd to link to a thread saying I'd argued against the OP when I hadn't even posted, and the OP was banned a long time before you joined... Especially as your arguments now appear to be repeating his...