Fln Angl Hy Cp Discussion Threads

[njbmitchell] 11/9/2002 17:17

paualismyname, well done, i was a poster b4 (now lurker) but can remember very well the day and the moment so its a fitting tribute to read the posts and reflect
rgds
neil

[paulismyname] 11/9/2002 16:54

This thread was before my time at ADVFN but i came across it by chance many moons ago, it made somber reading. The orginal is stored on my hard disk so I never loose it.

Many familer names today, then, tried to make sense of the unthinkable.

The reason why I have brought it back is that it is my own ernest belief the best way of not giving in to threats of this nature is by working normally and not allowing horror to change our way of life.

This almost unique thread demonstrates that........ordinary people coping with the unexpected, and continuing to work

[tom555] 09/9/2002 08:23

With the average house around 5.5 times average earnings (according to the 6 o'clock news and Hometrack) and the price of a decent house far higher, it basically means that unless your earning 150k+ when you graduate you've got no chance of ever living in a decent house.

Decent areas in the North are almost as expensive as in the South.

High house prices are a social disaster.

[grimbo] 08/9/2002 23:26

I agree with the theme of this thread and with the last post. It is only London and the South East (at the moment) who stand to get hit. Here in Scotland the ratio of house price to earnings ratio is only 2.6 (last time I checked). For sure there are hotspots where it is a lot more, but as the last poster indicated, its only a very limited number of people that are going to get hurt as its lack of properties thats driving prices in those areas.

[justin_thyme] 08/9/2002 23:15

Trumpet - I can't fault your logic but, outside the South East and certainly locally in the North, house prices in many areas only rose really strongly from around December last and, due to the lack of available properties, a limited number of people have been able to move home (perhaps 10%, at the most, is a reasonable figure?). So, if prices do move back by 20% or so, only a very few people will be left licking their wounds and around 90% won't have been affected at all. Also many of those that are affected wouldn't be planning to move again in the near future and by the time they are prices may well be on the move up? So, maybe the doom and gloom's a little overdone.

[trumpet] 08/9/2002 22:50

Not true,

There's plenty of evidence that relative to local incomes prices have outsripped earnings throughout whole swathes of the south and areas of the north and scotland.

Good for banks and building societies and those retiring and cashing out and leaving the country or scaling down - bad for everybody else who may need to move up the ladder or to relocate for work reasons/family.

Plenty of the bears also think that this is a particulalry stupid way of pricing the economy out of jobs by making the UK a ludicrously overpriced place to run a busines and employ staff. Heard of many companies relocating their business from Europe to here recently ?

[justin_thyme] 08/9/2002 22:13

There are certain peeps on this board who've taken a gamble on prices falling. They constantly de-ramp house prices and it can become depressing reading their posts. I don't blame tham but nearly all the negative 'cut'n pastes' they post only apply to London and the South East. Thanks, but I'll stick to my own research in my own area.

[joeycooper] 08/9/2002 20:08

Us poor old pensioners with savings in building societies to supliment the meager pension are subsidising the house price boom, whils't we get minimal interest on our lifetime savings.

[comesuntbob] 08/9/2002 20:01

Stew,

I own a car, I'd like to pay less for the next one if i could
I own property, I'd like to pay less for the next one if possible

cootuk,

I own House A which is worth 100K. I want to buy House B which costs 200k so I have to find an extra 100K. If the prices double then I have to find 200K. If the price halves then I only have to find 50k. I get to live in better a house for less.

[cootuk] 06/9/2002 22:28

Because people have to move to bigger homes when they have a family/want more room/want a better area, and the capital gain on the old house acts as a good deposit on a bigger house.

[stewjames] 06/9/2002 18:25

Because (probably) more people own houses than don't.

[comesuntbob] 06/9/2002 16:57

Why do we assume that people will suffer if the house prices drop. We won't suffer if the price of petrol, beer, food etc drops. So why flap if houses are cheaper?

[johnmfrancis] 06/9/2002 15:59

I agree it's onlt the southerners who are going to
suffer with any house price crash.

Up here in Darwen Lancashire a FTB can still get
a reasonable terraced house for less than 30k.

[pie in the sky] 06/9/2002 14:57

How anyone can say that there is going to be a crash, slowdown, drop, or even a levelling out of housing prices anywhere outside the south east is out of their minds.

Soon, most of the 'brownbelt' around London is going to be passed for planning permission. When that happens the suburbs will become cheaper and inner London will feel the knock-on.

Everywhere else in the country is starved of housing, there simply isn't enough to go around. This basic statistic of demand outweighing supply will keep the market buoyant in the rest of the country.

People can still afford mortgages in all of the major cities except London. Interest rates aren't going to rise any time soon. etc etc.

[pqpq] 22/8/2002 14:39

Pacific Media looks set for a technical bounce back to 0.45-0.60 range.
I am a holder.

[this_is_me] 22/8/2002 14:37

JJB Me bought this morning - the first thing Me bought for months.

[zzaxx99] 22/8/2002 08:40

It's been a while..... anyone who's feeling bullish about something, here's the place to do it

[this_is_me] 25/7/2002 08:44

Me has resisted the temptation to buy anything for over a month and sold anything that shows signs of going down so mostly in cash now. How far down do you think the FTSE will go?

[theape] 24/7/2002 23:49

to be fair most of them did go up for the period after tipping if briefly.

but only ever traded 2 of them for about a week.

It shows there is little point buying in a bear market (and vice versa)

[this_is_me] 24/7/2002 23:21

Me has just been looking at the posts on this thread from April. Me is most impressed at the way all the suggestions for RISE have gone down the toilet immediately they have been suggested on this thread! For example look at these posts by the ape nos 37, 119,136, 145, 173 or zzaxx99's post 34.

If Me had a spread bet account then maybe Me could make a fortune from this thread!!

[marting1] 24/7/2002 21:11

Time to dust the cobwebs off this one again !!

[theape] 18/7/2002 12:29

technical bounces

[zzaxx99] 05/7/2002 10:02

TET and BPI flying since I posted - needless to say, I hadn't actually bought either of them .... :-(

[zzaxx99] 04/7/2002 11:28

Creeeeeeeeeeaaaaaak... the door slowly opens, the cobwebs are brushed away, and slowly the RISE thread comes blinking into the light, after many many days underground.

Couple of shares making interesting moves at the moment:



Breaking out of a monumental ascending triangle, though right at the apex, which is supposed to make the breakout much less significant



Not yet a breakout, but will be interesting if it gets over 240



The wages of sin in this case really are death, but for those with no ethical objections, it's flying.

No, I don't think the bear market is over, but these may be something of an exception to the rule - they've risen through the last 5 days, which is something of an achievement given the pasting the rest of the market has taken.