House prices to crash

[Uncle C]

You must be a right barrels of laughs at a party

Its not a problem. I dont get invited to any.

 

[beorhthelm]

America sneezes and we catch a cold.

that old saying applies to the stock market, which are quite closely coupled (for one think alot of shares trade on both sides). it has bugger all to do with housing markets which are entriley seperate. you'd be better off finding trends to link Ireland or northen France, Belgium, Holland.

 

[Uncle C]

that old saying applies to the stock market, which are quite closely coupled (for one think alot of shares trade on both sides). it has bugger all to do with housing markets which are entriley seperate. you'd be better off finding trends to link Ireland or northen France, Belgium, Holland.

OK, so the credit crunch didn't start in the US and spread to the UK? Sorry to have got this so wrong.

 

[dazzalewis1968]

Don't tell me, let me guess. You're an Estate Agent and you come bearing glad tidings of good news concerning the housing market.

Yes all good ! Been a great year
So far.... Long may it carry on

 

[Uncle C]

you'd be better off finding trends to link Ireland.

Dont even go there with linking our housing market to Ireland.

 

[Uncle C]

Yes all good ! Been a great year
So far.... Long may it carry on

Dont let me stop you. There must still be a few mugs buying.

Hows the commission going?

 

[Uncle Spielberg]

Uncle C

 

[seagullsovergrimsby]

For a moment I thought this was the Dr Kelly thread

 

[Uncle C]

Uncle C

You really should try not to project your emotions onto others.

You probably wont believe it, but I often sit here with a broad grin on my tired old face. NSC is really fun at times.

 

[cjd]

Can't believe the bufoon, Uncle C is still going........

 

[Uncle C]

For a moment I thought this was the Dr Kelly thread

 

[beorhthelm]

OK, so the credit crunch didn't start in the US and spread to the UK?

because UK banks were lending into the US housing market and the wider economies are linked, so there was an effect once the US tanked. above you are insinuating that when US house prices fall there is likly to be a direct relation to UK house prices. this is not true.

 

[Uncle C]

Can't believe the bufoon, Uncle C is still going........

Well there's a surprise. Having run out of cogent arguments, cjd again resorts to insults.

 

[Billy the Fish]

Is this still going on?

 

[Uncle C]

because UK banks were lending into the US housing market and the wider economies are linked, so there was an effect once the US tanked. above you are insinuating that when US house prices fall there is likly to be a direct relation to UK house prices. this is not true.

I think that sound was you just shooting yourself in the foot.

I am indeed insinuating that when US house prices fall there is likely to be a direct relation to UK house prices.

Another wave of bad debt for US banks and it all starts again.

 

[Uncle C]

Is this still going on?

What, you expected the housing market to crash overnight?

 

[dazzalewis1968]

Dont let me stop you. There must still be a few mugs buying.

Hows the commission going?

Not mugs London will always have
A good Market.

 

[beorhthelm]

I think that sound was you just shooting yourself in the foot.

I am indeed insinuating that when US house prices fall there is likely to be a direct relation to UK house prices.

Another wave of bad debt for US banks and it all starts again.

nice try but no. there is very little cross border lending right now (the credit crunch...) and the value of property in the US has zero bearing on the value of property in the UK. *if* a recession occurs in the US *and* that is mirrored in the UK, there *might* be an indirect knock on effect. But the same could be said for the price of Coffee beans in South America.

anywho the point i was trying to make was the misuse of the "america sneezes..." saying which is relating only to the stock market price. these days we hold our own anyway, and there is more eastward influence now.

 

[Uncle C]

nice try but no. there is very little cross border lending right now (the credit crunch...) The lending (extent of debt) is still that which occured prior to the Credit Crunch. Or have all banks now revealed the entire extent of their debts, settled up, and moved on? and the value of property in the US has zero bearing on the value of property in the UK. *if* a recession occurs in the US *and* that is mirrored in the UK, there *might* be an indirect knock on effect. QED But the same could be said for the price of Coffee beans in South America. and you think I stretch a point!

.....

 

[Uncle C]

Not mugs London will always have
A good Market.

Of course, silly me.

Didn't Estate Agents say that about Spain, Ireland, Saudi Arabia etc etc.

I was once told by an oik in the Halifax BS about 3 years ago (before the Crunch) not to worry about the security of my savings as he had worked there all his life and could assure me it was a 'great Company'.

You'll have to forgive me if I place the value of an Estate Agents opinion somewhere lower than a Football Agent