Meralti Posted April 27, 2011 Report Share Posted April 27, 2011 Bubb, Beautiful head and shoulders pattern playing out on Barratt BDEV. I can't post my chart, but check it out. Left shoulder late Feb. This looks like a great call. Relatively high volume on the formation of the shoulder lowish at the head and really low now the right shoulder seems to be forming. Link to comment Share on other sites More sharing options...
drbubb Posted April 28, 2011 Report Share Posted April 28, 2011 Hi GF. Looks like there has rarely been a better good time to sell the silver and buy a house! Even better, if you buy one in the USA: LOWER than 1987 ! /source: http://www.PricedInGold.com Whose crazy now? : http://www.greenenergyinvestors.com/index.php?showtopic=14721 Link to comment Share on other sites More sharing options...
Meralti Posted April 28, 2011 Report Share Posted April 28, 2011 Take a look at UK private debt posted here on the property board. Link to comment Share on other sites More sharing options...
drbubb Posted April 28, 2011 Report Share Posted April 28, 2011 Here's a Link to the BDEV-chart I see what you mean. It is now at a good level to form that Right Shoulder. If it begins to slide there is some decent support around 100p, but it is fragmented now, and less intense. It is beginning to look more like a possible double top. Though volume has been weak, it rally off a nice support level, so it may keep going. Link to comment Share on other sites More sharing options...
drbubb Posted April 28, 2011 Report Share Posted April 28, 2011 Take a look at UK private debt posted here on the property board. I posted there. An excerpt: "If total outstanding debt, then the debt amount may just need to move sideways for another 1-3 years, and the market may be closer to a low than I had thought." Link to comment Share on other sites More sharing options...
John Doe Posted May 4, 2011 Report Share Posted May 4, 2011 Nationwide -0.2%MOM (-1.3%YOY). Static market with small falls expected this year. As expected. Link to comment Share on other sites More sharing options...
G0ldfinger Posted May 4, 2011 Author Report Share Posted May 4, 2011 Nationwide -0.2%MOM (-1.3%YOY). Static market with small falls expected this year. As expected. While RPI is what, 5%? (Real) CRASH!!! As expected. Link to comment Share on other sites More sharing options...
John Doe Posted May 4, 2011 Report Share Posted May 4, 2011 While RPI is what, 5%? (Real) CRASH!!! As expected. -6.3% Real YOY, a modest fall yes, but not a crash. For a crash I want to see -20% YOY Oh, and the NSA was up. Link to comment Share on other sites More sharing options...
G0ldfinger Posted May 4, 2011 Author Report Share Posted May 4, 2011 -6.3% Real YOY, a modest fall yes, but not a crash. For a crash I want to see -20% YOY Oh, and the NSA was up. -6% over a few years is a crash in my book. Link to comment Share on other sites More sharing options...
John Doe Posted May 4, 2011 Report Share Posted May 4, 2011 Now, that's a bit more like it, and from a better source! -2.3% YoY (nominal) http://www.landregistry.gov.uk/ (Note, this data is delayed, so from sales completed a few months back in the depths of Nov-Dec). North East and Wales hammered YoY! Real crash there! Link to comment Share on other sites More sharing options...
harold bishop Posted May 4, 2011 Report Share Posted May 4, 2011 Now, that's a bit more like it, and from a better source! Agreed. LR is becoming the most reliable index. London is still largely untouched but the outer regions of the UK are dropping nicely. It's peripheral shutdown and the nation is reverting to a house price structure of the past. Expensive in the South East and London ( and a few other areas) with the rest of the Uk being much cheaper. I always thought it ridiculous that Cornwall/West Wales etc could have houses prices the same as London. There were always valid reasons for the peripheral regions being cheaper. As you have pointed out, these prices are from the back end of last year, so, more of the same to follow. Link to comment Share on other sites More sharing options...
drbubb Posted May 4, 2011 Report Share Posted May 4, 2011 Agreed. LR is becoming the most reliable index. London is still largely untouched but the outer regions of the UK are dropping nicely. It's peripheral shutdown and the nation is reverting to a house price structure of the past. Expensive in the South East and London ( and a few other areas) with the rest of the Uk being much cheaper. Those caps on Housing Benefits need to be screwed down into place. Link to comment Share on other sites More sharing options...
tallim Posted May 5, 2011 Report Share Posted May 5, 2011 ... London is still largely untouched but the outer regions of the UK are dropping nicely. It's peripheral shutdown and the nation is reverting to a house price structure of the past. Expensive in the South East and London ( and a few other areas) with the rest of the Uk being much cheaper... I followed the live feed from a property auction in the Manchester area this afternoon, big proportion of the 70ish lots went unsold, results not posted yet, but I'd say at least 50%, 4 or 5 were no bidded and I reckon the wall was bidding on a lot of others. We're not back to the £10,000 2 bed terrace yet, but I think we're certainly well into negative land values in the crap parts of the city. Link to comment Share on other sites More sharing options...
Icarus Posted May 5, 2011 Report Share Posted May 5, 2011 The sooner the better. My living standards were cut to bits by the boom. I wasn't stupid enough to allow myself to take out loans I could never hope to repay. But those who were bid up prices with money they didn't have, preventing me from buying a nice home. Idiots were calculating the maximum monthly payment they could possibly make after they bought food and petrol and taking out the largest possible mortgage. Prices became ridiculous. The entire got economy turned into a house flipping ponzi scheme. And all though it I was forced out of the market. I kept my cash and waited for the inevitable crash. But no! Instead of a crash I got zero percent interest rates. My savings were and are being eroded, so that the foolish could keep their houses at my expense. Idiots get a free house, and I get to pay for it! Link to comment Share on other sites More sharing options...
drbubb Posted May 5, 2011 Report Share Posted May 5, 2011 I kept my cash and waited for the inevitable crash. But no! Instead of a crash I got zero percent interest rates. My savings were and are being eroded, so that the foolish could keep their houses at my expense. Idiots get a free house, and I get to pay for it! Yes. That's the problem with Democratic socialism. Those who can vote support those who promise them a better living standard - at someone else's expense. And unfortunately, you are sitting in a place, where you are that "someone else", and those who get hit by the unfairness of it, aren't yet strong enough to end the theft. Link to comment Share on other sites More sharing options...
BoldAsBrass Posted May 5, 2011 Report Share Posted May 5, 2011 That's the problem with Democratic socialism. Yes - and it's the problem with democratic capitalism too. They all take our money and spend it trying to make sure they stay in power. Link to comment Share on other sites More sharing options...
LauraB Posted May 5, 2011 Report Share Posted May 5, 2011 The entire got economy turned into a house flipping ponzi scheme. Instead of a crash I got zero percent interest rates. My savings were and are being eroded, so that the foolish could keep their houses at my expense. Idiots get a free house, and I get to pay for it! When I realised (in 2008) what these barstewards were up to I ran to the arms of one Dr.Bubb for advice & solace, only to be told I was a 'lazy investor' !! Still am, but the Au & Ag 'portfolio' makes me feel a lot happier. House prices 'to fall for the next five years' in longest property slump for a lifetime http://www.dailymail.co.uk/news/article-1383668/House-prices-fall-years-longest-property-slump-lifetime.html I prefer Martin Armstrong's 2031. Add in the UK being always behind, so make that 2033...........& how will it otherwise in real terms? Link to comment Share on other sites More sharing options...
John Doe Posted May 5, 2011 Report Share Posted May 5, 2011 Agreed. LR is becoming the most reliable index. London is still largely untouched but the outer regions of the UK are dropping nicely. It's peripheral shutdown and the nation is reverting to a house price structure of the past. Expensive in the South East and London ( and a few other areas) with the rest of the Uk being much cheaper. Yes it's very regional, the areas that rose the most seem to be falling the most (as would be expected). Places like Blaenau Gwent in Wales down nearly 20%! These were the areas where even 10 years ago you could get a small terraced house for <£10K. Then they went up to ~£80k!, guess they are coming back to earth with a bang now. Also seems to be type dependant too, with flats being hit hardest. Those caps on Housing Benefits need to be screwed down into place. I wouldn't hold my breath, the cuts/caps are being watered down as we speak and many are/will move into "approved" housing over the next year or so. Talking of which, you should have watched Panorama last night, all about council houses, cheats and (apparently) desperate people looking for housing. I even found myself shouting at the telly when people with no jobs were demanding to be given a council house, even though they were offered private (quite nice) accommodation - fully paid for by taxpayers! Link to comment Share on other sites More sharing options...
drbubb Posted May 5, 2011 Report Share Posted May 5, 2011 When I realised (in 2008) what these barstewards were up to I ran to the arms of one Dr.Bubb for advice & solace, only to be told I was a 'lazy investor' !! Still am, but the Au & Ag 'portfolio' makes me feel a lot happier. House prices 'to fall for the next five years' in longest property slump for a lifetime http://www.dailymail.co.uk/news/article-1383668/House-prices-fall-years-longest-property-slump-lifetime.html I prefer Martin Armstrong's 2031. Add in the UK being always behind, so make that 2033...........& how will it otherwise in real terms? Que? Link to comment Share on other sites More sharing options...
LauraB Posted May 5, 2011 Report Share Posted May 5, 2011 Que? Armstrong or Moi? Link to comment Share on other sites More sharing options...
Schaublin Posted May 5, 2011 Report Share Posted May 5, 2011 The sooner the better. My living standards were cut to bits by the boom. I wasn't stupid enough to allow myself to take out loans I could never hope to repay. But those who were bid up prices with money they didn't have, preventing me from buying a nice home. Idiots were calculating the maximum monthly payment they could possibly make after they bought food and petrol and taking out the largest possible mortgage. Prices became ridiculous. The entire got economy turned into a house flipping ponzi scheme. And all though it I was forced out of the market. I kept my cash and waited for the inevitable crash. But no! Instead of a crash I got zero percent interest rates. My savings were and are being eroded, so that the foolish could keep their houses at my expense. Idiots get a free house, and I get to pay for it! This is absolutely correct. Anyone holding GBP will see (has seen/is seeing) its purchasing power drain away. Lots of people on HPC were fixated on the housing bubble and how to profit from the crash but would not listen to those (and indeed abused them) that warned against keeping savings in fiat - the worst possible vehicle for saving wealth. The great thing is, none of this is new - there is a mountain of information about previous economic crises which can be studied and learned from - One's own normalcy bias can be changed with knowledge but unfortunately, the sheeple are fleeced from generation to generation using the same techniques. Link to comment Share on other sites More sharing options...
drbubb Posted May 5, 2011 Report Share Posted May 5, 2011 Armstrong or Moi? "I ran to the arms of one Dr.Bubb for advice & solace, only to be told I was a 'lazy investor' !!" Joking? Or is there a little problem there somewhere about something I don't understand? Link to comment Share on other sites More sharing options...
LauraB Posted May 5, 2011 Report Share Posted May 5, 2011 "I ran to the arms of one Dr.Bubb for advice & solace, only to be told I was a 'lazy investor' !!" Joking? Or is there a little problem there somewhere about something I don't understand? Sorry Sir, I'm being obscure again. No problem (or complaint) at all. Quite the reverse ...... distant memories of a great guy who started a forum & who galvanised me into doing something about my financial situation with a sharp & deserved remark Link to comment Share on other sites More sharing options...
Schaublin Posted May 5, 2011 Report Share Posted May 5, 2011 UK interest rates have been kept at the record low of 0.5% again by the Bank of England's Monetary Policy Committee. http://www.bbc.co.uk/news/business-13293991 Naive people with GBP savings continue to have their wealth stolen in plain sight. Link to comment Share on other sites More sharing options...
John Doe Posted May 5, 2011 Report Share Posted May 5, 2011 UK interest rates have been kept at the record low of 0.5% again by the Bank of England's Monetary Policy Committee. http://www.bbc.co.uk/news/business-13293991 Naive people with GBP savings continue to have their wealth stolen in plain sight. And the only Hawk is due to depart from the MPC soon. Low rates for a long time yet. Link to comment Share on other sites More sharing options...
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