jagman

"But the sources you are using to justify them are based on the same media who forecasts nonsensical opinions to make a good story. The sources are not empirically based." If I wanted to, I am sure I too could dig around media websites which state house prices will increase. Actually far from it but I cant be bothered with finding all the charts graphs and historical data - you do have to be selective using media ,opinions are one thing , but you also need anecdotal evidence and reasons to explain the opinion given ONS data is useful but sometimes flawed , mortgage data and pricing data also needs some extra factors - such as auction prices are not added to the sales data and prices , month on month prices have to be balanced with quantity of sales etc and averages can sometimes distort figures , building company shares can predict forward pricing to some extent ,job loses have to be qualified into the types of job -some job types will cause 4-1 ratio of knock on job losses ,some job losses will simply never return as future jobs - is is a huge task but I have been doing it some time !!! The initial post requested a simple answer ,which is NO - and I could post up a couple of hundred pages of reasoning and evidence,this is not really the place for it and I dont really have the time available

http://finance.yahoo.com/tech-ticker/%22punishingly-high%22-interest-rates-coming-in-second-wave-of-financial-crisis-bianco-says-471254.html;_ylt=AklGPcyl1g0_ReKBVRBYefS7YWsA;_ylu=X3oDMTE2MDRnNWt2BHBvcwMxMQRzZWMDdG9wU3RvcmllcwR Interest rates?? - Greece is now paying 12% !!!UK is not that far beyond the PIIGS countries -all it takes is time

http://business.timesonline.co.uk/tol/business/economics/article7104244.ece Jobs? -- Over 8.1 MILLION - inactive?

The current situation is similar in many ways to the crash of 1929, but a lot lot worse..... The warning signs are everywhere ,this is not and easy thing to explain in a quick read .... The Euro is coming under huge pressure,in fact all fiat currencies will come under huge pressure - look at Ireland and what is happening there , look at the house prices compared with 2 years ago , the whole NAMA farce ,,,its not finished yet !!!! 52% of the working population is employed by the govt- the public sector is larger than the private sector ,just how does that work? The UK is mired in debt and having based too much of the economy in the largest Ponzi scheme ever -the financial sector,the hedge funds ,the derivatives markets,et al Jobs are becoming more secure?-where ,Cadburys:rolleyes: For economys to grow they need energy -OIL, see link http://www.countercurrents.org/arguimbau230410.htm This is only one( a biggie though) of the issues at large I could post up dozens upon dozens of other issues from derivatives to debt to faced very soon ,house prices are but a tiny part of the picture But I would love to hear 20 or 10 or 5 reasons that they will rise again ,even better how exactly will they be paid for , unfortunately I dont accept "I think that"... as a reasoned position unless its coupled with why London - I will try and find some of the forcasts for London Planning and post up

Thers some irony there John, -Cheap subisdised booze and violent people dont usually mix:D - ask any policemen on here !!

Dude has some good points and they need to be addressed,but the Bnp are not the ones to do it ,with their monty python manifesto:rolleyes: IF Brits work overseas usually at a higher paid job and pay no tax-we call them Expats -go figure ! Immigration has historically been a good thing and the countries that had it have prospered because of it , but the world population is on an exponential curve ....

I still dont see all this doom and gloom. If the house prices crash, more people that already buy to let will buy more and then rent to local DSS if need be. We are never going to see normal 3 bed semis going for 70k again. Why, the people that brought them for 130k wont sell. I know i wouldnt i would stay put rather than lose that money. The only movement on the house market would be from first time buyers trying to get on the ladder. However with people refusing to accept the loss where do these people live? If the crash is going happen again, due to houses being so overpriced then it should have happened by now. I will be bumping this thread every now and again be interesting to see how it all works out. The people that are in buy to let rolled over debt from the original house they owned to buy a second third etc -the ones late into the market are in deep shit they could easily lose the lot -the returns on rental were never that good it was the increase in prices that made it viable and the very lax bank lending - the banks needed a bail out because of the lending they made -lots of which will/have gone sour-they will no longer throw maoney at people and companies -the effect of this can be seen in the last 2 years The local dss -is infact govt money and the whole country is also mired in debt - they will be taxing ever more and cutting (things like the dss) it IS ahuge problem Staying put is fine provided you can afford to do so , but a huge amount of people are on the edge financially ,increase in interest coupled with job cuts and reduced bonuses or overtime or jobs becoming part time all will play a big part - the total savings in UK is a minus figure so this time during a downturn /recession/depression whatever you call it there are NO savings to fall back on until the next upturn -this has never happened before Its not a case of people refusing to take a loss - Banks repossess and force it to happen -the Govt has worked overtime to try to prevent this with measures and Quantative Easing (printing money) and driving down interst rates -but there is a limit to how long and how much they can do - The crash in prices has yet to really bite , low interst rates mean savers do not get returns ,the Stockmarket has been limp at best and supported by the printing of money again - so people bought houses ,overseas buyers etc, and of course the speculators -all looking for a bargain It really is different this time , thats why the next Govt elected has to be real smart - trouble is even the top economists dont know what to do , is one reason Gold has shot up and continue to do so - Can you ever remember ads on tele before , or shopping malls with gold bought stalls or machines that sell gold -its symptomatic -you cant print gold!

Just read some of their manifesto - it did make me laugh ie ; • The BNP will establish a penal station for extremely dangerous/violent repeat criminals (including rapists) on the British island of South Georgia. The BNP will take legislative steps to protect Britain’s pubs, which will include tax concessions, smoking rooms under strict supervision and a lowering of tax on alcohol served in public houses.

That is why I said the right time to buy is when you have 40% deposit and not need to move for next 5 years. The bank own the house until you paid it off completely, but if you are paying rent you get nothing back. Nothing... a 40% deposit may not be easy for a lot of people to muster,between 1996 and 2007 the average house rose from just over 70 k to just under 200k nearly 3x ,but wages did far from go up by three saving 40 % would have been mission impossible renting you dont end up owing , yes you have spent to be housed ,but you dont end up having no house and still owing money or trapped in a house with a mortgage whilst the house is dropping in value - The Raven pointed out how wages have risen with the £100 story - but in 1970 a single income could buy a house , then it took 2 incomes , then 2 incomes plus a lot of overtime , then simply get drowned in debt mums no longer can stay at home and look after kids if they wish to , everyone works stupid long hours or weekends / bank holidays , - so what next ? send the kids out to work ?

Might as well hang myself now. Do you by chance write for the mail? Interest rates are a given maybe by then end of next year. So by your count we are all doomed? no one will be safe. Happy days. When would be a good time to buy a house? how many years do you expect this to affect the market? Do you think it will recover? It is very easy to simply big up everything - we did that for nearly 20 years , and all sat back and counted our money ,as houses shot up in prices . In order to repair something you must first acknowledge its broken ... then you put the fixes in place House prices to recover to what purpose,why ? they were way overpriced and will adjust to become affordable but not an investment ie some place to live which is the way is was not so long ago Inflation will kick in at some point do try to reduce debt but it will take many years ,to rebalance ... there is a massive amount of it The future will be driven with new industry to overcome the shortage of oil , alternative power,cars , plastics,etc and the 2 decades of greed will become history and we will learn from it ,and move forward in a more reasonable fashion ...no more 50 million pound footballers for example

don't know whats the market rate for rent at St John Woods but if rent is 1000 per month then in 6 years time the rent will cover the loss anyway. Plus the flat will defo worth more than 270k in 6 years time. Rent is like paying someone else mortgage Rental income is dependent on the market - if its cheaper to buy then rent must go down , so with a fall in house prices you get a fall in rental , If salaries cant sustain high rental then they dont rent ! You again follow the old rules "its defo worth more than 270k in 6 years " WHY -what makes a FLAT worth that much ? land ? build cost ? or because everyone else paid that much? ie a market price - That is over 10 times the average salary in the UK , so who exactly Can afford 10x the average salary as a mortgage - Average houses must cost relative to the average salary or you are back to filling the gap with debt .....and we see the results of that now

"So what's all this media talk of house prices slowly going back up then, in here it appears most believe they are still falling or possibly about to crash again " Media is Media - people can choose to believe it or not , or pick out bits and choose to interpret - I think that there is a second downturn or whatever you want to call it coming .a fallout in commercial property and loans ,higher interest rates,more UK borrowing,another bailout of the Banks possible,rising unemployment (its not possible to have a jobless recovery) On top of this a huge pension problem rapidly becoming apparent ,and larger world problems -All in All a world of shit coming - we have just had an early heads up with Banks becoming insolvent ,and places like Dubai insolvent .. Its all in a mess brought about by the effect of exponential curves and ever increasing borrowing with the expectation of paying back at some point in the future ........ This all assumes that there is an ever increasing amount of resources available to grow with and pay back debt ...principally oil ....and that is now going to be the next issue

"Property is never a bad investment if you hold onto it, even if it drops next year after a while it will go back up again, far better to be on the property ladder than to rent, renting is just chucking your money away. " Upto 2007 that would have been true,but not now -renting is the norm in many european countries like Germany ,notice how they all drive nice cars there? Things like job security also come into play ,and who has that nowadays? Public service is about to get mullered.Factor in increasing property taxes,maintenence and repair,interest rises(they cant go down),a lack of flexibility in job market(albility to move ) you can rent cheaper if circumstanses change ,and the effect of the bursting of a bubble -all very uncertain times ahead

http://www.housepricecrash.co.uk/graphs-index.php More information than you could ever wish for -check out some of the graphs , there is only one conclusion for any reasonable person - Bit like reading a dyno of a real crap car !!!!

SteveR - is offering good advice -expect large falls for many reasons -in both house prices and rentals Is a race to the bottom in economic terms ,and historically never happened on such a scale , the signs have been there for a long time and mostly ignored the old adage of bricks and mortar no longer apply and unlikely to for another 20 years - expect price falls , despite govt efforts to stop them followed by an slight undershoot in values then a flat line for many years to come This will of course help first time buyers in the future ,but take a huge toll on everyone else

Affiliated with the bell End , bell ringers club?

Thats good news ! - you can use TPS to alter the fuel -easy when mapping run the car on the rich side , due to the higher compression ,some power loss but safe ,it will also allow you some headroom to up the boost later 12 psi is the optimum boost ,but the beauty of the charger is you can run higher and it wont go bang like the turbos ,it just produces more heat , also you cannot spike in boost pressure -its always stable (slight increase as the engine revs higher and gets inefficient) I suspect you will be more than happy at 12 psi , but the next step would be to remove the head ,and get ported (gotta flow air:) and look at the valves esp the exhaust side ,probably bigger needed ,as well as the ratio to inlet , uprate springs , and a thicker gasket I know a man who wont be bettered for the head work and can get custom valves done if you wish it - I personally dont think it worth going on to this stage as the power delivery is so strong with a charger and traction becomes an issue but if money is burning a hole in your pocket ......

As Barney already has a bov I suggested he link that to the inlet ,or use the recirc valve off a Cooper s -which also is vacuum contolled and easy to instal The only real issues he faces are the enrichment during throttle opening ,and the durability of the NA components When the throttle is closed (the charger is still being turned by the engine ) and the air is sent back to inlet -this causes pumping losses to happen ,which appear as heat -added to the air which is then sent back to the inlet -rinse and repeat - this cause a temp rise of the air going in circles - THEN you open the throttle again so the engine sees far hotter air for a few moments - this brief moment needs more fuel to cool the charge air -(usually done by the ECU on a charged car) But the ECU he has is for a turbo car and I dont know if it can do this without tricking it somehow The ECU could easilly see the IAT increase and pull the timing -that would cause a bog - Options would include a WI that is simply triggered by the throttle -but a primitive solution and somehow complex at the same time Adding another injector pre charger ,t pieced to the main fuel supply and triggered by throttle and a solenoid for a few moments (cold start injector would do ) Na component strength ?- pass , rods,piston cooling -pass , ex valves -pass ,clutch -pass ..... but I guess we will soon know

The last 30 years have been a sequence of failures in just about all departments , govt after govt , whoever takes over now ,will inherit the problems - so far I have yet to see any smart people who seem to understand the implications or indeed have the answers , possibly Vince cable as an exception The largest failure of all was the failure to understand the effects of an exponential curve We really need professional people in charge ,,,,,,,,,,,,,, that rules out most politicians then , they seem mostly to have never actually worked in a job , and are career politicians who live in a type of parallel world Thats why you see some of the stupidest things happen over and over again .....ie the 2 billion quids worth of tamiflu we now own , even though no one actually caught the flu .. the list is endless More tax anyone ....not the answer but its coming ...

Just for those that are interested , after a chat with Barney today his setup would have boosted to a tad over 24 psi , which would have been erm -not good But now he is back on track and should boost to a more reasonable 12-14 psi , plus he will get a better belt wrap to prevent slippage He should make around 350 bhp maybe more given his exhaust manifold , but it the super quick onset of torque that will make the car /conversion some more info is needed regarding the valve springs - ie loading , and the exhaust valves ie material spec on the Na , so if anyone knows it would help perhaps some of the na-t people have some info .... and how did they work out under boost and what rev limit used ? the overlap seems well suited to a charger , so it is already there so to speak - should go well

dont think it will be far out at 5000 where the engine is quite efficient - whatever its mind boggling power and gives an idea of the final output - I feel for those tyres already

lots of 14.7 s on the top divided by 14.7 on the bottom times the 492 at 1 bar - adjusted to atmospheric

Good grief -thats 861 bhp @5000 and 2.5 bar with another 3500 to go

You can but is a bit of a job!! Darker colours work best , and you use around 16 spray cans for a set of seats (front and rear ) circa £10 a can The foam in the seats absorb the dye , and you need to spray into all the creases/joins (better to use a foam pad and do these first) , 2-3 coats needed and when dry it has a crusty feel to it -so you have to rub the whole area with a soft cloth to soften the surface- results are OK - but not mint ! the only real way is to strip the cover material off and immerse in dye , this is not always possible and the missus will be well miffed when she sees the washing machine ,and surrounding kitchen ....

Knowledge transfer carried out -project now back on track