TrueNorth

Didn't Fred Harrison say it won't be until 2018 that the bubble pops?

 

edited to add: just checked: 2019

 

Well, according to the 18-year cycle theory, the mid-cycle downturn is still five years away. That means the agonising over bursting bubbles is premature. But it also means that the house price take-off, which began early this time, will be all the more painful next time.

Most of the pain, of course, will not be felt by London property owners. The proportion of high loan-to-value mortgages has reached 25% in the north-east, compared to 7% in London, according to data provided by chartered surveyors e.surv.

The economics of apartheid continue to operate, with a vengeance, thanks to the cash subsidies and indemnities from Cameron’s coalition government.

from: http://www.sharetherents.org/return-sub-prime/

http://talkdigitalnetwork.com/category/media/podcasts/feed/

 

MP3 : http://media.blubrry.com/howestreet/www.howestreet.com/audio/Hoye_Bob_2014_09_12.mp3

Bob Hoye cites the drop in London property prices as a key indicator in his Talk Digital report on 22/08/2014 [podcast].

Yes, I blame HelpTheBuilders®. It has simply served to inflate prices by the amount of "free" money on offer.

Houses are selling like hotcakes in the north of scotland. Prices are definitely higher than before. We are now thinking we should buy, mostly because we are fed up with dealing with intrusive landlords. Our rent will have gone up +10% in 2.5 years, to £1000 by the end of this year. For £200 more/month we can buy a larger, older home, and walk to work instead of commuting by car.

 

I still hate the idea of buying in this overheated market, but I would like a bit of freedom to do as I please.

Nadeem's latest on UK interest rates/house prices, and mark carney's insincerity:

 

http://www.marketoracle.co.uk/Article46253.html

graph from above article, Market Oracle

http://www.marketora...ticle41905.htmlUK House Prices Bull Market Soaring Momentum, 10% Inflation by October? Housing-Market / UK Housing Aug 19, 2013 - 03:11 AM GMTBy: Nadeem_Walayat Prospective U.K. home buyers who may have been persuaded by the pseudo-economists, financial / economic journalists that populate the mainstream press as to the sustainability for any rise in UK house prices will over the past few months been finding themselves in an increasingly panicky state as UK house prices have literally started to soar as illustrated by the latest data and news out of RICS that reported that house prices are now rising at their fastest pace in 7 years, with their indices giving their best readings since November 2006.

Very good interview Dominic.

 

Would someone please post the text of the newspaper article Dominic and Max were talking about? I believe it is from the FT, but I don't subscribe, and don't want to for one article.

Top economist warns of 'disastrous' house price crash due to new Government lending scheme

 

ONE of Britain’s leading economists today warned of a potentially “disastrous” house price crash due to a new Government home-buying scheme that many fear is causing an unsustainable bubble.

 

http://www.express.co.uk/news/uk/416885/Top-economist-warns-of-disastrous-house-price-crash-due-to-new-Government-lending-scheme

Dr B I think all these recent programs to subsidize UK buyers & prop up the builders are simply being seen in higher prices.

 

I think that is all that is required to explain the recent rise.

Thanks Goldfinger for the link.

 

Housing less than half as expensive now as in 2000, says gold.

OT

 

Please can anyone advise what the price of gold was in ZAR in 2000? Am trying to calculate how many oz to buy a house then vs now.. Thank you!

http://stockcharts.com/c-sc/sc?s=$SILVER&p=D&st=2011-09-10&en=2011-10-31&i=t83078827011&r=1366086707446

 

you see the drop start on the 24th of sept 2011 and continue for the 25th.

img src=http://stockcharts.com/c-sc/sc?s=$SILVER&p=D&st=2011-09-10&en=2011-10-31&i=t83078827011&r=1366086707446

I followed that link Wee Jinky posted about silver being sold out. At the bottom of the page it links to similar articles, including one about Sprott Money being sold out of silver. I clicked on that and noticed the article was from Sept 2011.

 

So go look at a chart of silver and see what happened in sept 2011. What I saw was a price smash.

 

So physical is impossible to get and there is a crash in price. . . Which came first in 2011?

 

Perhaps this latest "crash" is a silver-release mechanism?

When do we start buying again?

£917/oz? seriously? and silver at £15.50? wow.

holy fook is right!

From a link of 321gold.com

 

 

 

Silver is Following its 1970s Pattern

Jordan Roy-Byrne, CMT | Apr 12, 2013

 

The Daily Gold Newsletter

 

The cyclical bear market in Silver is serving its purpose. Its correcting and digesting the 6-fold advance that took place in less than two and a half years. A similar correction took place in the mid 1970s that led to the parabolic move to $50. Amazingly, if you line up Silver’s performance from its 1971 low to 1980 high with Silver’s performance since its 2008 bottom, you’ll notice strong parallels.

Silver is really taking a beating.

Wow at that chart.

 

By low I was thinking low interest = low sentiment.

No posts here since the 6th of January, that must be a record.

 

So, are we near a low then, at least in sentiment?

or 'Buy Gold and Keep Calm'

 

?

Jake do you mean, it should read,

 

Keep Gold and Buy Calm

 

?