Dream on Pete!

It is good to have the mortgage paid off though. I agree with you about buying rather than renting.

Les

 

Yes, I am ...... from my standpoint, there was nothing at all to what they call a recession - and my standpoint is all I can speak from.

 

So your wealth has been preserved? Your property is worth as much? Your shares?

 

Dont pander to him,you know he is full of sh!te..

 

Not really been following this thread recently, but can imagine the usual suspects being totally taken in by the 'green shoots' stuff being peddled by Labour, BBC, Estate Agents etc!

We have a nice bout of heavy inflation still on the horizon, so interest rates could well be back into double figures in a couple of years. Then there's the fact the economy is still shafted, and job losses continue to mount.

Article in the Telegraph yesterday gives a good dose of reality on house prices;

House prices are still falling - Telegraph

Can't argue with the last paragraph!

Amazed some people think the financial crisis is over as well People need to look at the Great Depression as a case study and see how many false dawns there were!

 

He's a strange one right enough DD. I'd have said much more but the serial fascists and those who were beaten at school will ban me again. Bravo all, suck whatever you like, and chin chin eh, top ho!

 

BBC NEWS | Business | House prices 'to recover slowly'

More doom! The headline should read "House Prices to Continue to Fall".

Steve

 

Well you still have a job which makes all the difference-how about those who have lost theirs and are out of money?

Your egregious heroes are still existing on the billions that they have borrowed and the money that they have printed with nothing to back it up!

Now what do you honestly think life will be like in comparison when they have run out of money to waste as they have been doing for the last 12 years? How far will the cash go when we are taxed in every possible manner and inflation has hit the economy. All that money borrowed has to be paid back as well as the PFI that we are also in the hole for.

Lets have an answer of substance for a change to it all from you Pete!

Les

 

The FTSE is making ground, as is the Pound against the Dollar /Euro .

Maybe we are over the worst .!!!

 

Persimmon Homes is building nearly twice as many houses as it did last year and all sales. They admit things are picking up. I still think we are hovering around the bottom and things will improve next year.

 

Indeed, some sense posted above - some dribble too.

I'm aware that some may have suffered, doesn't take a downturn to see people lose their jobs ..... they will lose them when there is no call for their services - fact of life and the way things are.

Truth is, I haven't experienced any recession - just opportiunities - shares were cheap in March 2009 ...... those who bought have seen their shares increase around 300% on average - like I said, opportunities.

Too many people sit there blubbing and wingeing and spitting blame - instead of grabbing chances where they see them.

Those who do, do ....... those who can't, sadly can't - it's not the governments fault!

My educated opinion .... stop bleeting, the green shoots are turning to flowers - grab the chances instead of moaning!

 

Yes, we're flying along
BBC NEWS | Business | 19,000 shops 'closed this year'

Pete, you sound like you work for every vested interest group there is. Foxtons would be proud of you.

I'm sure the 3 million+ on the dole are grabbing these flowers you mention

We are a country that produces nothing and whose ecomony is built on debt and trading in over-priced houses fuelled by loose credit.

The government's priniting of lots of money is simply propping everything up in the hope fools will be deluded to think they are turning things around, instead of turning us into Zimbabwe with the printy printy quantative easing.

 

The unemployed should turn their hand to what is in demand .... simple.

3 Million isn't as bad as it was under the last colour of government - considering that there are 3 million NEW jobs created in the last 12 years - we are riding a wave, maybe smaller than it was ..... but, most people are doing very well thanks all the same.

 

We're around the 'return to normal' stage on this graph, I reckon.

http://money-watch.co.uk/wp-content/...as-bubbles.jpg

 

'Return To The Mean' I think you will find .......... it's all over, there was nothing to it in reality.

 

You clearly are delusional.

100s of 1000s of people have lost their jobs. Just because is hasn't hurt you must mean nothing much happened then? Tell that to those that will be losing their houses when the banks decide they want the house back!

More unemployment to come.
Banks not lending to only those with big deposits.
FTBs unable to buy houses.
Lending ratios slashed.
Interest rates to rise at some point.

The country is in soo much debt that it is swimming in its own crap.

The recession hasn't effected me at all, but I still see that others have been badly hit.

 

Unemployment has been blown totally out of proportion by the media as they fail to announce the long term 1.6m workshy figure pre recession when quoting their figures. Unemployment today is around 2.4m so up 800k from the norm

To be fair, 800k is neither here nor there nationwide, it accounts for less than 2.5% of the working age population so 1 in every 40 people.

The rest of your points are debatable to which i wont go into. I never really got sucked into the whole world is ending thing the press were trying to portray.

Its not all that bad

 

Yesterdays news ..... todays fish'n'chip paper!

Banks should NOT lend to those without a decent deposit, so that's good then?

FTB's can buy if they can afford to, stops them getting into too much debt, so that's good then?

Lending ratios slashed to 4 times salary, excellent news, so that's good then?

More unemployment, maybe, maybe not - it is as it always has been, chance to re-train and take opportunities, so thats good then?

Interest Rates to rise at 'some' point - the world will end at 'some' point - pointless statement of fact, adds nothing to the debate.

So, really, when you analyse what you have said - it's actually all very good news in the main?

Nowt has happened, just the cycle of life ....... chances for those with the brains to take them!

 

Nice try Les, but Pete hasn't given a substantiative answer to anything he's been called to account on since he joined scoobynet

 

Well to be fair, and l can't believe I'm defending SSU, he has given real answers. It is justifiable to suggest the worst is over.

Company profits released over the last couple of weeks have all been above estimates and we seem to be in a bull phase.

Some house price indices show some stabilisation

Sterling is stronger

Banks are making money

Yes unemployment is rising, but still below rates in USA, germany, spain etc.

So you can see where SSU is coming from, whether I agree or not is another matter

 

Thanks for clearing that up Deep ....... I'm sure that agreeing with me would be a step too far But thanks for pointing out that I speak wise words

It's all over ....

 

Yep its bad....by next year we'll all going to be living in a third world broken little country with no jobs, homes, and paying all of what we do get in the way of income to mr Brown......oh and then we will all freeze, or is that cook, in the man mad global warming/cooling shortly before drowning in the floods ......thats if we dont die from bird or pig flu first of course....or from a heart attack from the stress of believing everything we read in the papers.....oh and everything thing is the governments fault coz as we all know, they're all in it for the money and easy life

 

Spot on.

It seems to be a classic Bull trap.

As you point out people are still losing jobs on a daily basis.

 

And have done EVERY SINGLE DAY in the history of mankind!!

And will continue to ...............

 

Personally I'm hoping its a bulltrap, because that's how I've planned my own strategy. Thing is no one can be sure, and that's why SSU's comments are valid (even though I know he makes them a little tongue in cheek)

If people here are 100% convinced its a bull trap, sell everything you own and short the markets, you would make a killing. Not going to are you?

Because there is a chance SSU is correct.

 

Would you Adam and Eve it, yet another rise reported by another lender....

BBC NEWS | Business | House prices rising, says Halifax

 

Yep .... another rise in property prices - like I said, it's all over .. it was all over in December 2008 in truth.

I would love it not to be the case, as I want house prices to fall further - and like Deep I have planned my finances around further falls ..... I just cannot see it turning down again.

Too much money has been pumped into the system, too many people are completely unaffected, too much relies upon the coming election ..... it won't be allowed to run out of steam until next June, but then confidence could have improved to such an extent that it carries us up and far away.

Fact is, most people are unaffected by the claimed recession, most people are doing very well - as well as they have done since 1997 - those who are not need to ask why they are not, then do something about it. Opportunities and chances are out there for the taking.

 

The Halifax sample size is quite small so cannot be relied upon. The Times has a good article about this and the possible cooling off again in autumn. There are too few houses on the market so demand is forcing the prices up slightly. As soon as more houses are marketed, the demand will be satisfied and the prices drop again.

Steve