oz0707 65 Posted May 2, 2017 Report Share Posted May 2, 2017 Have the same feeling but what's the catalyst? War? I've read cash no good in war. Agricultural land or gold perhaps? Or as the detectors hope maybe both! Quote Link to post Share on other sites
kanny 20,711 Posted May 2, 2017 Report Share Posted May 2, 2017 We've been teetering on the edge of a housing crash for years now even a blind man could see it coming. The global situation isn't looking that great either, the student loan bubble in America is just waiting to pop too. Scary times for folk juggling a few Buy to Let's... imagine the student debts building up here that are never ever going to be repayed, far too many get into uni now just too help hide the true unemployment statistics, so many courses available that even if you go the very best degree you would never get the earning potential as they not half as valid as they used to be My mate took his son to look at some uni's the other week he said one had course in pirates ..arr! Quote Link to post Share on other sites
BGD 6,436 Posted May 2, 2017 Report Share Posted May 2, 2017 (edited) We've been teetering on the edge of a housing crash for years now even a blind man could see it coming. The global situation isn't looking that great either, the student loan bubble in America is just waiting to pop too. Scary times for folk juggling a few Buy to Let's... imagine the student debts building up here that are never ever going to be repayed, far too many get into uni now just too help hide the true unemployment statistics, so many courses available that even if you go the very best degree you would never get the earning potential as they not half as valid as they used to beTotal outstanding student loan debt in America is at $1.2trillion. That's right, trillion! Our is at around £87billion so as always while we've got our own problems America does it bigger and better Edited May 2, 2017 by BGD 1 Quote Link to post Share on other sites
Accip74 7,112 Posted May 2, 2017 Report Share Posted May 2, 2017 I think we should call you Chuckles. Haha......he's a proper bundle of laughs our Nik........haha... Thanks lol As the Lehmann collapse was unfolding in 2008 oil prices rocketed everyone I knew was buying cars and houses, my gut told me the sh*t was about to hit the fan so I paid off everything I could, the car, student loans and credit cards getting my outgoings down by about 800 per month. By Jan 2009 prices crashed to $25 and thousands of people in our company lost their jobs. I hung on for 6 months and then got laid off three times over the coarse of 1 1/2 years resulting in my becoming a consultant. I didn't even understand markets or anything like that, just had a gut feeling which paid off, Doesn't anyone else get gut feelings like this? My other gut feelings were Brexit and Trump but that's another story I know people close to me who are desperately trying to buy a house, I wouldn't want them to take my uneducated advice but I worry that if it happens and there will be a housing market crash there's a lot of people left holding a giant turd. p.s I'm not really worried for myself, I took a gamble on my gut feeling and got out at what I consider a good time just after Brexit and we got way more for our house than I think it was worth. Now some banks are saying house prices have started falling. Yes I bought a house just before then, because you can't lose on property, right??? Five years later we were selling after splitting up & with our bit of equity, I just got away with only owning the mortgage company £300! Haha..... I don't take anything for granted now, just take it as it comes & hopefully ride any storm, plus I don't have many big investments to worry about! Haha....& who knows what the outcome of Brexit will hold? 1 Quote Link to post Share on other sites
mackem 27,433 Posted May 2, 2017 Report Share Posted May 2, 2017 We've been teetering on the edge of a housing crash for years now even a blind man could see it coming. The global situation isn't looking that great either, the student loan bubble in America is just waiting to pop too. Scary times for folk juggling a few Buy to Let's... imagine the student debts building up here that are never ever going to be repayed, far too many get into uni now just too help hide the true unemployment statistics, so many courses available that even if you go the very best degree you would never get the earning potential as they not half as valid as they used to be My mate took his son to look at some uni's the other week he said one had course in pirates ..arr! Quite a few of those university of totyown degree courses on offer,students waste their time doing them. Quote Link to post Share on other sites
Accip74 7,112 Posted May 2, 2017 Report Share Posted May 2, 2017 P.S I also predicted the oil crash that happened in 2014, we were getting the kitchen done and I said to the wife, after this we're saving for the next crash unfortunately I was 6 months out and it happened just as the finishing touches were being applied I think I'm going to feed all my general stats into you & get a prediction on my next 10 years! Haha....;-) 1 Quote Link to post Share on other sites
arcticgun 4,548 Posted May 2, 2017 Report Share Posted May 2, 2017 War always good for profits, especially if you backing both ends of it as usually happens, win win situation somebody is winning out of all this that's for sure, Regarding the American Student debts, lmao, so that's where we learned that trick from, well that's bound to stand us in good stead for the future is it not, very encouraging...not have we learned nothing from being led by such fools as the American, last time UK had money in the pot they helped us invest it and look how that ended up twin towers and endless war and terrorism will we ever learn funny nobody ever seems too come up with the idea of simply stopping all the reckless borrowing at all levels, but I suppose its gone to far for that now? Quote Link to post Share on other sites
arcticgun 4,548 Posted May 2, 2017 Report Share Posted May 2, 2017 (edited) We've been teetering on the edge of a housing crash for years now even a blind man could see it coming. The global situation isn't looking that great either, the student loan bubble in America is just waiting to pop too. Scary times for folk juggling a few Buy to Let's... imagine the student debts building up here that are never ever going to be repayed, far too many get into uni now just too help hide the true unemployment statistics, so many courses available that even if you go the very best degree you would never get the earning potential as they not half as valid as they used to be My mate took his son to look at some uni's the other week he said one had course in pirates ..arr! Quite a few of those university of totyown degree courses on offer,students waste their time doing them. anyone whose kids are going really should check out the courses they doing, most of em are rubbish and standards will soon slip on the quality courses as most Uni's are only too pleased too take the cash to hide the unemployed cos most of em aint little more than Tech colleges themselves, more pop up every year, and its easier and easier to get in, my pal walked in after going to enquire about a history course, next thing he in not one GCSE to his name never mind an A level, minds the uni's getting around 7k a term per head so who can blame em, its same with colleges full time courses used to be a mon fri, now a full time course consists of three days maybe two once breaks etc countered for, again they run courses that in reality leave you two years down the line with nothing worth talking about, sadly the higher education system is now just another place too hide the unemployed or unemployable, it will have an effect on the quality of teaching for sure and that will be across the board, I'm my first year we had three different course leaders as they simply up and left as offers came in for higher payed positions doing the same at another Uni, funny thing was it was the first year the course was ever ran so its not like they where moving based on great results lol pure con job Edited May 2, 2017 by arcticgun 1 Quote Link to post Share on other sites
BGD 6,436 Posted May 2, 2017 Report Share Posted May 2, 2017 It's spinning plates. Stop spinning and things start going crash and no one wants to be the one in charge when that happens so they keep spinning and cross their fingers for another few years. Quote Link to post Share on other sites
Accip74 7,112 Posted May 2, 2017 Report Share Posted May 2, 2017 War always good for profits, especially if you backing both ends of it as usually happens, win win situation somebody is winning out of all this that's for sure, Regarding the American Student debts, lmao, so that's where we learned that trick from, well that's bound to stand us in good stead for the future is it not, very encouraging...not have we learned nothing from being led by such fools as the American, last time UK had money in the pot they helped us invest it and look how that ended up twin towers and endless war and terrorism will we ever learn funny nobody ever seems too come up with the idea of simply stopping all the reckless borrowing at all levels, but I suppose its gone to far for that now? Like Trump having shares in the company making the Tomahawks that were sent into Syria, pushing the share price up? Although that could be fakes news??? So don't quote me on that..... 1 Quote Link to post Share on other sites
Nik_B 3,790 Posted May 2, 2017 Author Report Share Posted May 2, 2017 War always good for profits, especially if you backing both ends of it as usually happens, win win situation somebody is winning out of all this that's for sure, Regarding the American Student debts, lmao, so that's where we learned that trick from, well that's bound to stand us in good stead for the future is it not, very encouraging...not have we learned nothing from being led by such fools as the American, last time UK had money in the pot they helped us invest it and look how that ended up twin towers and endless war and terrorism will we ever learn funny nobody ever seems too come up with the idea of simply stopping all the reckless borrowing at all levels, but I suppose its gone to far for that now? Like Trump having shares in the company making the Tomahawks that were sent into Syria, pushing the share price up? Although that could be fakes news??? So don't quote me on that..... Can we regular people invest in bombs and missiles? I would have loved to get in on that a few years ago Quote Link to post Share on other sites
arcticgun 4,548 Posted May 2, 2017 Report Share Posted May 2, 2017 War always good for profits, especially if you backing both ends of it as usually happens, win win situation somebody is winning out of all this that's for sure, Regarding the American Student debts, lmao, so that's where we learned that trick from, well that's bound to stand us in good stead for the future is it not, very encouraging...not have we learned nothing from being led by such fools as the American, last time UK had money in the pot they helped us invest it and look how that ended up twin towers and endless war and terrorism will we ever learn funny nobody ever seems too come up with the idea of simply stopping all the reckless borrowing at all levels, but I suppose its gone to far for that now? Like Trump having shares in the company making the Tomahawks that were sent into Syria, pushing the share price up? Although that could be fakes news??? So don't quote me on that..... One look through history tells you its always the same few people who earn from all this war and misery, they own the factories that make the weapons, the media that shows us who the lastest enemy is, own the politicians who make the decision to go too war, said war is always of some financial benefit too them and their aims and objectives, , recession? just the riches way of taking more money and gold and replacing it with piles debt chits which is the new worlds currency 4 Quote Link to post Share on other sites
arcticgun 4,548 Posted May 2, 2017 Report Share Posted May 2, 2017 War always good for profits, especially if you backing both ends of it as usually happens, win win situation somebody is winning out of all this that's for sure, Regarding the American Student debts, lmao, so that's where we learned that trick from, well that's bound to stand us in good stead for the future is it not, very encouraging...not have we learned nothing from being led by such fools as the American, last time UK had money in the pot they helped us invest it and look how that ended up twin towers and endless war and terrorism will we ever learn funny nobody ever seems too come up with the idea of simply stopping all the reckless borrowing at all levels, but I suppose its gone to far for that now? Like Trump having shares in the company making the Tomahawks that were sent into Syria, pushing the share price up? Although that could be fakes news??? So don't quote me on that..... Can we regular people invest in bombs and missiles? I would have loved to get in on that a few years ago no its a private exclusive club :laugh: Quote Link to post Share on other sites
Accip74 7,112 Posted May 2, 2017 Report Share Posted May 2, 2017 War always good for profits, especially if you backing both ends of it as usually happens, win win situation somebody is winning out of all this that's for sure, Regarding the American Student debts, lmao, so that's where we learned that trick from, well that's bound to stand us in good stead for the future is it not, very encouraging...not have we learned nothing from being led by such fools as the American, last time UK had money in the pot they helped us invest it and look how that ended up twin towers and endless war and terrorism will we ever learn funny nobody ever seems too come up with the idea of simply stopping all the reckless borrowing at all levels, but I suppose its gone to far for that now? Like Trump having shares in the company making the Tomahawks that were sent into Syria, pushing the share price up? Although that could be fakes news??? So don't quote me on that..... Can we regular people invest in bombs and missiles? I would have loved to get in on that a few years ago It's a grubby world Nik & the money wouldn't make us happier...haha... 2 Quote Link to post Share on other sites
Qbgrey 4,143 Posted May 2, 2017 Report Share Posted May 2, 2017 i sold everthing i own to buy my home of dreams,got no morgage now,great feeling not owing those fukin banking c..s. 8 Quote Link to post Share on other sites
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.