My my. A little taster of whats to come, and they all vanish like the rats they are, scuttling away from the 'Merrie Olde Englande', fatally holed below the water line.

So respondingto their crappy posts, was, as I predicted, a waste of time, because when they were inevitably proven wrong, they simply stopped coming here.

Here are a few reminders of the standard bull bleats from the past 18 months, feel free to add:-


"It hasnt crashed yet - it never will"

"Property only ever goes up"

"The new breed of BTL will jump back in at any dip and stop it falling"

"The government wont allow a house price crash"

"Its never crashed in REAL terms"

Maube they are getting on with their lives?

Or, its only down one or two percent which is no indication that the market is about to crash as if it does so all in one month! Forgetting that all crashes begin slowly in the beginning, almost imperceptibly..................

Watch the press for references to this website, not as doom-mongering as has been the case--but as prophetic and right on target! "We told you so.........."

I fought my corner as a Bull for several years, I dont think anyone predicted ever increasing house prices.

What they were saying, and myself also, is that there is money to be made in house speculation, and BTL. And indeed there was, I suspect many are sitting on a fortune now.

Too many people called time far too early, STR's in particular have been screwed over, their savings are hopefully not in Northern Rock. Then several months ago I made the suggestion that it could be favourable to get a fixed rate loan of 5% with house prices high, than wait several years and enter the market with interest rates are 12% and house prices have dropped 30%.

I think if you look back through my posts my predictions have been spot on, in particular interest rate rises in the 4th Q of 2007, predicted last year.

There are far too many people who were Bears back in 2002!!! And they are the big losers.

I suppose you can make money betting on:

- Reckless speculation
- Central bank irresponsibility
- Aggressive lending

The problem is... if you stay invested too long, you can miss the selling window, and get
stuck in an illiquid asset, which may be very hard to sell in a sliding market.

I have been out of property for a long time, invested in Gold shares at the absolute bottom
of the cycle. That was a shrewder move that staying with property:

+ The returns have been better
+ I'm in a liquid investment, that I can sell quickly at low cost

You need to study "gamblers ruin", L. And see what tends to happen to those who overspeculate/
I am always happy to "get out early", when I can find another, cheaper investment, where the
easy money is ahead, and not behind.

Guess what? I'm now invested in property again: in Hong Kong and Germany, which are on
the other side of the cycle, after the bottom

er hi... were not there yet, i still think were going to get some more rises (for a couple of years) as people worry about there banked savings. As for laurejon suggestion, i had the same idea mid 2006 and went for it ;p here here to higher inflation and borrowing costs...

Any sources for any of these "quotes"?

Trying desperately to rescue them?

Obviously a newcomer!

Hi PG

Since you're on the Board tonight I thought I'd dig out and resurrect this little thread...

Nice to see you around - always enjoy your posts. BTW are you really just RB in disguise??

TD