drbubb

The US let it happen. Rates rose, and the downwards cycle got underway, starting 2006-7. When the downturn started (later) in the UK, the BofE whimped out, and quickly moved to ZIRP, which made it cheaper for property owners to hold on, since it was cheaper to own than to rent. That "saved the day", since the Pound dropped about the same time, and foreigners came in, with enough firepower to hold the London market up. Foreigners have helped in New York, but the USA as a whole is just too big to be saved by foreign capital.

Not silver, but gold... I bought a few shares in this one: OOO.v / Otis Gold Corp. ... update I participated in a placement at 20 cents, and then sold half at 25 cents. and now have just bought them back at 13 cents. At $0.135 cents: MARKET CAP: $ 6.78 m on: SHARES OUT: 50,228,782 ===== About the Company : OOO-website Otis is a resource company focused on the acquisition, exploration, and development of precious metal deposits in Idaho, USA. Otis is currently developing its flagship property, the Kilgore Gold Project, located in Clark County, Idaho.

It is only an example - there are many more like that

A bit too pricey for me. How about this? In Davidson, NC:

A great place to check NEWS, like Job Reports... US STOCKS SNAPSHOT-Futures add gains after jobs report Reuters - 109 Minutes ago U.S. stock index futures added gains on Friday after the latest jobs report showed the pace of hiring by U.S. employers eased slightly in December, pointing to a lackluster pace of economic growth that /see: http://www.congoo.com/GlobalEdgeNews

SF / San Francisco is very popular in Hong Kong, and in China. But I would not invest in California, despite the sunshine. The economic situation is not right IMHO. I favor less popular places, and cheaper ones

Well, maybe that's true... They sell them an education (with wealthy parents paying.) Then, years later, they sell them a flat But this neat formula may not last forever. Someday, some part of America may get its "act together". Will that come post-breakup perhaps?

UK;GBS/Gold is now below an important MA (480d), which has been important previously / GBS-chart Let's both hope for a bounce

Jonathan Davis in the Media : http://jonathandavis...an-davis-media/ Featured NI house prices are down 55% since peak in 2007 BBC Radio Ulster - The Nolan Show with William Crawley November 22, 2012 Debate on freedom of speech BBC Radio 2 - The Jeremy Vine Show October 12, 2012 Economics Review 2011 Talksport Radio - The Mike Graham Show December 29, 2011 House prices: Will they fall or rise in 2012? BBC News December 28, 2011 ================ Property price predictions 2012 • Ray Boulger - down 4% • Bernard Clarke - "a broadly flat market" • Jonathan Davis - down 10% • Martin Ellis - "unchanged plus or minus 2%" • Robert Gardner - "flat to modestly lower" • Henry Pryor - down 10% • Simon Rubinsohn - down 3% • Ed Stansfield - down 5%

I don't get it : Why don't these people DOWN-SIZE or move somewhere cheaper ? Why should taxpayers help out house-hoarders, and irresponsible breeders ?? ========== Nearly eight million people in Britain are struggling to keep up with mortgage or rent payments each month, according to the charity Shelter. A total of 1.4 million have already fallen behind, with almost a million people resorting to high-interest so-called 'pay day' loans to make ends meet. "It's shocking to think that so many families will be starting the New Year with a huge weight hanging over them, trapped in a daily struggle to keep their home," said the charity's chief executive Campbell Robb. "Payday loans may seem like a quick fix, but the huge interest charges mean things can quickly spiral out of control. === /source: HPC

Construction sector dips to six month low in December Thursday, 03 January 2013 01:38 Activity in the UK construction sector declined to a six-month low as housing activity fell sharply. The purchasing managers’ index (PMI) fell to 48.7 in December down from 49.3 in November against economists expectations of a reading of 49.5. A reading of below 50.0 indicates a fall in activity in the sector. This is the fourth time in five months that the PMI was below 50.0. The data shows that the construction sector shrank in two of the final three months of 2012, adding to the likelihood that the overall economy shrank in the final quarter of 2012. Hopes are pinned on a good set of numbers when December's figures for the dominant service sector are unveiled tomorrow. The construction sector accounts for just seven per cent of the overall UK economy but its poor performance in 2012 was one of the main factors that pushed the economy into a double-dip recession. The report revealed that December saw the sharpest drop in construction output since June 2012 and housing activity fell at its fastest pace for two years and there was an accelerated drop in new work.

Demographics... Too many old people; not enough young people to buy their overpriced cr*p Telegraph: Demographic timebomb puts paid to hopes of house price revival Most households continue to believe that, in time, the UK property market will recover, and that, given even more time, we will eventually return to the easy property gains of recent decades. This belief may, in turn, be one of the reasons why housing transactions remain so depressed, at roughly half their pre-crisis high and some 35pc below their 20-year average; those who might sell hold back because they think that if they wait long enough, peak 2007 prices will again return. . . . In London, prices are continuing to rise quite strongly, particularly in the posher, central locations favoured by rich foreigners. For London as a whole, prices are already back above their pre-crisis peak, and, in certain areas, prices are again rising at rates well above that of ordinary price inflation. Where London leads, the rest of the country has traditionally followed, with a one to two-year lag. Regrettably, this may not be true this time around. The London housing market is sustained as much by foreign interest as anything else. Chuck in an acute shortage of the sort of properties people want to live in, together with a strong economy relative to the rest of the country, and it’s easy to see why prices in the capital are bucking the trend. One leading international estate agent recently told me that about 60pc of all new-build apartments in London are now sold to foreign investors. As one of the great global cities, London may now be almost wholly decoupled from much of the rest of Britain. Indeed, compared with a number of other global cities, London continues to look quite cheap. === So wealthy foreigners are the "greater fools" that are always sought? (But for how much longer?) "...compared with a number of other global cities, London continues to look quite cheap." NO, it doesn't ! That's simply not true. It's Estate agent talk: is complete bullcrap.

Not everyone supports it. Here's Harvard Professor Martin Feldstein writing in the WSJ: The Fed's Dangerous Direction - by Martin Feldstein Key Points: === + "Unconventional" monetary policy is creating bubbles in asset markets + $85 Billion per month, may keep 10 year yields near historic lows of 1.6% + Once the Fed stops buying, rates will rise & asset prices will fall, hurting investors + The day will come when prices rise, & the Fed will need to limit credit creation by raising rates + The Fed has announced that it "will keep rates low until unemployment is below 6.5%, PROVIDED the expected inflation rate two years ahead is no more than 2.5% + This statement will confuse the public and undermine confidence + The New Fed approach appears to raise the inflation threshold to above 2% REMOVES PRESSURE from Congress & the Obama administration to deal with Budget deficits "The Fed, in short, has killed the bond vigilantes before they could have forced Congress to act."

AboutProperty: Over 300,000 property millionaires in UK Property millionaires were the biggest winners of 2012, despite the difficulties of an economic recession and stagnant property market. Price rises at the top end of the market helped create 47,024 new British property millionaires. That brings the total number to just over 300,142, a big increase on last year.

BONDS: Even lower (TLT: $117.94 -1.62 / -1.35%) ... on News: Fed minutes show some concerns on bond purchases Miami Herald - 5 Hours ago WASHINGTON -- Federal Reserve policymakers expressed broad support last month for the Fed's plan to buy bonds to support the U.S. economy. But they differed over how long to keep buying bonds to drive A new Trend - Rising Rates - seems to be establishing itself: TNX / 10 Year Treasury Note Yield Index ... update / 10yr now at: 1.90%

TLT today: 119.05 -0.51/ -0.43% A BOND DOWNTURN / rate rise in the UK too?

I think the recent wave of buyers, may produce many who regret their purchases

How bonds finished the year 2012 ... TLT- 10d-update : 6-months TLT : 121.18 -2.13 Open: 122.87 / High: 122.97 / Low: 120.911 Volume: 6,421,818 Percent Change: -1.73%

Pimco’s Gross Sees Low Returns on Slow Growth as Fed Impact Ebbs La Repubblica - 12/31/2012 Dec. 31 (Bloomberg) -- Pacific Investment Management Co.’s Bill Gross, manager of the world’s biggest bond fund, said he expects stocks and bonds to return less than 5 percent in 2013 amid a sluggish

http://www.youtube.com/watch?v=1oYs5_tjHpg

KERRY CASSIDY: " Cassidy is NOT MY REAL NAME.." - 'KERRY CASSIDY' is a pseudonym! Finished interviewing Kerry Cassidy about 45 minutes ago.. I can tell everyone (as the show is taped) that Kerry admits she is using a stage-name.. 'KERRY CASSIDY' is a pseudonym. The show will air Thanksgiving 2012 more info: Thread: PROJECT CAMELOT - If you could ask KERRY CASSIDY 1 question... WHAT WOULD IT BE? /source: http://www.godlikeproductions.com/forum1/message2040738/pg1

BARRATT is starting the new year well... BDEV : BDEV : 211.60 +4.00 / +1.93% / BDEV-chart Struggling to get through resistance around 200-212p or so

BARRATT is starting the new year well... BDEV : BDEV : 211.60 +4.00 / +1.93% / BDEV-chart Struggling to get through resistance around 200-212p or so

New thread, so the charts are easier to find: Measured in Gold / Charts by G0ldfinger: http://www.greenener...showtopic=17200

New thread, so the charts are easier to find: Measured in Gold / Charts by G0ldfinger: http://www.greenenergyinvestors.com/index.php?showtopic=17200