AIst Posted October 1, 2010 Report Share Posted October 1, 2010 Does that red line represent wages? If not, you can throw that graph in the rubbish. I seem to recall running the numbers back when I gave a shit about HPC and the wage line is way down regardless of mean or median - unless you use about a 6 times multilpier. I seem to recall the red line was the long term trend. Link to comment Share on other sites More sharing options...
Kurtz Posted October 1, 2010 Report Share Posted October 1, 2010 I seem to recall running the numbers back when I gave a shit about HPC and the wage line is way down regardless of mean or median - unless you use about a 6 times multilpier. I seem to recall the red line was the long term trend. Well, these days, £165,000 or whatever the hell it is, very big multiplier of nothing. Of course priced in gold house prices have actually dropped 1748%. No many people know that. Link to comment Share on other sites More sharing options...
Perishabull Posted October 1, 2010 Report Share Posted October 1, 2010 I keep learning from many posters here (& even some on HPC) That's what's I like about GEI, my thinking has developed a lot and it's contributed to the ongoing development of a trading system I'm working on. HPC is a mish mash of at times very dogmatic views, some of the bright people there seem to be chased away. Can't remember where I read it but I understand the guy who runs it pulls in a lot of advertising revenue due to the volume of people going to the site. I would like to add my support to a new property forum. I have been lurking on HPC since October 04, and I agree it seems to have lost its way recently - the same old arguments being re-hashed over and over by the same uber-bears. I only really look at it now for the news blog. I believe there is a need for a balanced property forum where the latest market developments are posted and debated in a sensible manner. I would certainly contribute to it as a poster (most of my time is being sucked up by developing my trading system) But I do like the idea of starting a GEI version of HPC : "Gentleman/gentlewoman's HPC." Any ideas on a good name. Global Edge Habitat Global Edge Abode GEI House Price Cache Link to comment Share on other sites More sharing options...
duckwomanloulou Posted October 1, 2010 Report Share Posted October 1, 2010 Trouble is, still no one can afford a house cos' no ones got a job now. N o o d l e I hope this is Noodle (from HPC in yonder days) I always enjoyed what you had to say. Link to comment Share on other sites More sharing options...
Kurtz Posted October 1, 2010 Report Share Posted October 1, 2010 I hope this is Noodle (from HPC in yonder days) I always enjoyed what you had to say. Sadly, no it isn't. The poster you refer to tragically died after an accident involving three ladyboys, a anesthetized hedgehog and a small plastic helterskelter. Link to comment Share on other sites More sharing options...
AIst Posted October 1, 2010 Report Share Posted October 1, 2010 Neither could I. Airstream trailers. Look on US ebay then look at prices in the UK, order of magnitude difference. Stick one or more on a ship out of Jacksoville port. Better than some shite box new build in Gateshead or some damn awful place. Chin up! Keep calm and carry on! I was thinking of one of these tbh Just need to get a car to pull it first. Link to comment Share on other sites More sharing options...
Pluto Posted October 1, 2010 Report Share Posted October 1, 2010 I seem to recall running the numbers back when I gave a shit about HPC and the wage line is way down regardless of mean or median - unless you use about a 6 times multilpier. I seem to recall the red line was the long term trend. When the coalition of the losers start going after property owners, as they stated last week when they said that: "property owners can't run away", the price of property will nosedive well below the fictitious red line on that stupid graph. The banksters made a miscalculation in the US when they assumed that the suckers that bought into their ponzi scheme would continue to pay off their mortgages from savings etc. After all it is the AMERICAN DREAM. But they were wrong. They walked away as housing is NOT the most important bill that needs paying. The same scenario will p ayout with gormless "bricks and mortar" British. The average price of a crumbling, shoddy, UK house will be well below 100oz of gold. Link to comment Share on other sites More sharing options...
Kurtz Posted October 1, 2010 Report Share Posted October 1, 2010 I was thinking of one of these tbh Just need to get a car to pull it first. What's wrong with that? Same floor plan and area as a 3 bed new build in Milton Keynes. Link to comment Share on other sites More sharing options...
duckwomanloulou Posted October 1, 2010 Report Share Posted October 1, 2010 Sadly, no it isn't. The poster you refer to tragically died after an accident involving three ladyboys, a anesthetized hedgehog and a small plastic helterskelter. :lol: Now I know it's you! But if it isn't apols Link to comment Share on other sites More sharing options...
Kurtz Posted October 1, 2010 Report Share Posted October 1, 2010 When the coalition of the losers start going after property owners, as they stated last week when they said that: "property owners can't run away", the price of property will nosedive well below the fictitious red line on that stupid graph. The banksters made a miscalculation in the US when they assumed that the suckers that bought into their ponzi scheme would continue to pay off their mortgages from savings etc. After all it is the AMERICAN DREAM. But they were wrong. They walked away as housing is NOT the most important bill that needs paying. The same scenario will p ayout with gormless "bricks and mortar" British. The average price of a crumbling, shoddy, UK house will be well below 100oz of gold. They walked away because the bank would take the property and this clears the debt. Unlike the UK where you owe the balance for so long even after you die they keep your head alive in a glass jar and make you work in a call centre to pay it off. Link to comment Share on other sites More sharing options...
Kurtz Posted October 1, 2010 Report Share Posted October 1, 2010 :lol: Now I know it's you! But if it isn't apols Shhhh!!! Shooosh! Link to comment Share on other sites More sharing options...
AIst Posted October 1, 2010 Report Share Posted October 1, 2010 What's wrong with that? Same floor plan and area as a 3 bed new build in Milton Keynes. Except of course that it's not in Milton Keynes, which make considerable difference. Link to comment Share on other sites More sharing options...
Kurtz Posted October 1, 2010 Report Share Posted October 1, 2010 Except of course that it's not in Milton Keynes, which make considerable difference. It could be. Just need to attach it to your Ford Cortina and drag it there. Link to comment Share on other sites More sharing options...
duckwomanloulou Posted October 1, 2010 Report Share Posted October 1, 2010 Shhhh!!! Shooosh! Welcome aboard (this message will self destruct in 5 mins) Link to comment Share on other sites More sharing options...
Pluto Posted October 1, 2010 Report Share Posted October 1, 2010 They walked away because the bank would take the property and this clears the debt. Unlike the UK where you owe the balance for so long even after you die they keep your head alive in a glass jar and make you work in a call centre to pay it off. I remember the late 80s crash well. When the cash run out the suckers walked - screw the banksters. The only thing propping up the dysfunctional British housing market is benefits. Link to comment Share on other sites More sharing options...
Kurtz Posted October 1, 2010 Report Share Posted October 1, 2010 Welcome aboard (this message will self destruct in 5 mins) I'm only here to wind Bubb up, he's not up yet, it's v.late here in Asia. Link to comment Share on other sites More sharing options...
Schaublin Posted October 1, 2010 Report Share Posted October 1, 2010 Kurtz, I thought you were murdered in the Nam. Glad you were in fact, not. You have genuinely picked-up my mood with your recent posts. Link to comment Share on other sites More sharing options...
AIst Posted October 1, 2010 Report Share Posted October 1, 2010 I remember the late 80s crash well. When the cash run out the suckers walked - screw the banksters. The only thing propping up the dysfunctional British housing market is benefits. My folks bought a repossession then. The previous owner did a runner on the mortgage debt remaining. They went after him with a vengeance - I found out because my banks accounts (and my parents) were frozen in the process accidentally. Link to comment Share on other sites More sharing options...
Kurtz Posted October 1, 2010 Report Share Posted October 1, 2010 Kurtz, I thought you were murdered in the Nam. Glad you were in fact, not. You have genuinely picked-up my mood with your recent posts. I've only made 5, 6 is it? Does this site [EDITED FOR RUDENESS] have a swear filter? Link to comment Share on other sites More sharing options...
Schaublin Posted October 1, 2010 Report Share Posted October 1, 2010 I've only made 5, 6 is it? Does this site fucking have a swear filter? No. Link to comment Share on other sites More sharing options...
duckwomanloulou Posted October 1, 2010 Report Share Posted October 1, 2010 Kurtz, I thought you were murdered in the Nam. Glad you were in fact, not. You have genuinely picked-up my mood with your recent posts. Yeah we always like the smell of Napalm in the morning ... Link to comment Share on other sites More sharing options...
AIst Posted October 1, 2010 Report Share Posted October 1, 2010 I've only made 5, 6 is it? Does this site [EDITED FOR RUDENESS] have a swear filter? looks like 11 to me old chap Link to comment Share on other sites More sharing options...
Kurtz Posted October 1, 2010 Report Share Posted October 1, 2010 Yeah we always like the smell of Napalm in the morning ... Gardenias Link to comment Share on other sites More sharing options...
libspero Posted October 1, 2010 Report Share Posted October 1, 2010 Does that red line represent wages? If not, you can throw that graph in the rubbish. If the red line did represent wages house prices would be around about fair value! Yes, UK house prices are going down, but the fools money in the bank is going down even faster. They won't listen and they don't care. Not quite fair.. I'm about 2/3rds in stocks. Never trusted gold though, but happy to admit it's proved to be a good investment so far. Sadly, no it isn't. The poster you refer to tragically died after an accident involving three ladyboys, a anesthetized hedgehog and a small plastic helterskelter. Small world this internet place Link to comment Share on other sites More sharing options...
Kurtz Posted October 1, 2010 Report Share Posted October 1, 2010 looks like 11 to me you wanky tossbucket Whoops! Bubb'll be up in a few hours. Link to comment Share on other sites More sharing options...
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