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RE: How are you voting in the EU referendum?
June 24, 2016 at 5:31 am
Fuck if this isn't a perfect foreshadowing of a Trump election.
This shit is real, people.
"There remain four irreducible objections to religious faith: that it wholly misrepresents the origins of man and the cosmos, that because of this original error it manages to combine the maximum servility with the maximum of solipsism, that it is both the result and the cause of dangerous sexual repression, and that it is ultimately grounded on wish-thinking." ~Christopher Hitchens, god is not Great
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RE: How are you voting in the EU referendum?
June 24, 2016 at 5:32 am
I'll be closely watching the Black Friday threads on housepricecrash.co.uk . They're a great source of information regarding inevitable economic catastrophes way before the mainstream media even catches on to there being a problem.
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RE: How are you voting in the EU referendum?
June 24, 2016 at 5:32 am
(This post was last modified: June 24, 2016 at 5:33 am by The Grand Nudger.)
(June 24, 2016 at 5:29 am)abaris Wrote: (June 24, 2016 at 5:25 am)Homeless Nutter Wrote: My cousin bought a flat in London a few years ago. I hope he's able to get rid of it soon, unless he decides to stay.
I'm glad I spent all my money on drugs... 
I don't think that a flat in London is really losing it's value. Even if the whole country goes down the shitter, there will still be demand for London housing.
It's -already- lost 10% of it's value, since last night. The time to sell was then, the time to buy is now.
I am the Infantry. I am my country’s strength in war, her deterrent in peace. I am the heart of the fight… wherever, whenever. I carry America’s faith and honor against her enemies. I am the Queen of Battle. I am what my country expects me to be, the best trained Soldier in the world. In the race for victory, I am swift, determined, and courageous, armed with a fierce will to win. Never will I fail my country’s trust. Always I fight on…through the foe, to the objective, to triumph overall. If necessary, I will fight to my death. By my steadfast courage, I have won more than 200 years of freedom. I yield not to weakness, to hunger, to cowardice, to fatigue, to superior odds, For I am mentally tough, physically strong, and morally straight. I forsake not, my country, my mission, my comrades, my sacred duty. I am relentless. I am always there, now and forever. I AM THE INFANTRY! FOLLOW ME!
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RE: How are you voting in the EU referendum?
June 24, 2016 at 5:34 am
(This post was last modified: June 24, 2016 at 5:35 am by abaris.)
(June 24, 2016 at 5:32 am)Rhythm Wrote: It's -already- lost 10% of it's value, since last night.
Yeah, but it's property in one of the major hubs of the world. As long as it's paid, I would hold on to it. London won't turn into Calcutta anytime soon.
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RE: How are you voting in the EU referendum?
June 24, 2016 at 5:37 am
(This post was last modified: June 24, 2016 at 5:37 am by Homeless Nutter.)
(June 24, 2016 at 5:34 am)abaris Wrote: Yeah, but it's property in one of the major hubs of the world. As long as it's paid, I would hold on to it.
Well, no - as far as I know he's still paying the mortgage, and will be doing so for a long while. Sure - he can still hold on to it, even if he decides to leave UK - he can rent it out and pay the mortgage that way. But it still will be a hassle, I imagine. To be fair - I know next to nothing about property market, so I may be completely wrong about this, anyway.
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RE: How are you voting in the EU referendum?
June 24, 2016 at 5:38 am
(This post was last modified: June 24, 2016 at 5:38 am by The Grand Nudger.)
(June 24, 2016 at 5:34 am)abaris Wrote: (June 24, 2016 at 5:32 am)Rhythm Wrote: It's -already- lost 10% of it's value, since last night.
Yeah, but it's property in one of the major hubs of the world. As long as it's paid, I would hold on to it. London won't turn into Calcutta anytime soon.
I'd wager that most of the property in london isn;t paid for, and this kind of shit is how you end up upside down on a mortgage. OFC London isn't going to turn into Calcutta, but many Calcuttas are likely going to turn into London in the time it takes for London to recover. So, if one was interested in buying or leveraging a property -as an investment- their capital is put to best use elsewhere. Which is why the world is dumping their shares in Britain, at present.
I am the Infantry. I am my country’s strength in war, her deterrent in peace. I am the heart of the fight… wherever, whenever. I carry America’s faith and honor against her enemies. I am the Queen of Battle. I am what my country expects me to be, the best trained Soldier in the world. In the race for victory, I am swift, determined, and courageous, armed with a fierce will to win. Never will I fail my country’s trust. Always I fight on…through the foe, to the objective, to triumph overall. If necessary, I will fight to my death. By my steadfast courage, I have won more than 200 years of freedom. I yield not to weakness, to hunger, to cowardice, to fatigue, to superior odds, For I am mentally tough, physically strong, and morally straight. I forsake not, my country, my mission, my comrades, my sacred duty. I am relentless. I am always there, now and forever. I AM THE INFANTRY! FOLLOW ME!
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RE: How are you voting in the EU referendum?
June 24, 2016 at 5:38 am
(June 24, 2016 at 5:34 am)abaris Wrote: (June 24, 2016 at 5:32 am)Rhythm Wrote: It's -already- lost 10% of it's value, since last night.
Yeah, but it's property in one of the major hubs of the world. As long as it's paid, I would hold on to it. London won't turn into Calcutta anytime soon.
I don't think that you appreciate quite what kind of a housing bubble has been in effect in the UK since 2001, how successive governments have bankrupted the country to prop it up and quite how overpriced it is in London.
This time it really was different. The bubble has been the biggest in history.
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RE: How are you voting in the EU referendum?
June 24, 2016 at 5:39 am
(June 24, 2016 at 5:37 am)Homeless Nutter Wrote: I know next to nothing about property market, so I may be completely wrong about this, anyway.
I don't know anything about it either. But common sense says London's property value won't plumet. It's not Detroit or some other boomtown that goes down as soon as the industry is removed.
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RE: How are you voting in the EU referendum?
June 24, 2016 at 5:40 am
(This post was last modified: June 24, 2016 at 5:41 am by The Grand Nudger.)
Detroit felt the same way. Londons industry was EU trade and investment..........
I am the Infantry. I am my country’s strength in war, her deterrent in peace. I am the heart of the fight… wherever, whenever. I carry America’s faith and honor against her enemies. I am the Queen of Battle. I am what my country expects me to be, the best trained Soldier in the world. In the race for victory, I am swift, determined, and courageous, armed with a fierce will to win. Never will I fail my country’s trust. Always I fight on…through the foe, to the objective, to triumph overall. If necessary, I will fight to my death. By my steadfast courage, I have won more than 200 years of freedom. I yield not to weakness, to hunger, to cowardice, to fatigue, to superior odds, For I am mentally tough, physically strong, and morally straight. I forsake not, my country, my mission, my comrades, my sacred duty. I am relentless. I am always there, now and forever. I AM THE INFANTRY! FOLLOW ME!
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RE: How are you voting in the EU referendum?
June 24, 2016 at 5:41 am
(June 24, 2016 at 5:38 am)Rhythm Wrote: I'd wager that most of the property in london isn;t paid for, and this kind of shit is how you end up upside down on a mortgage.
A mortgage could backfire, that's for sure. Even more so, since we will see some serious banker panic within the next few hours or days.
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