Abandon All Fear

What nobody else seems to be saying…

Posts Tagged ‘unreasoning’

[Housing Market Myths] Prelude to The Next Housing Crash

Posted by Lex Fear on October 12, 2006

“…not an ‘if’, but ‘when’.”

In the next few months, I intend to explore some of the lies myths surrounding the UK housing swindle market, using multiple sources for my research. It’s a personal journey I’ve been on, from the self-deceptive prosperity teaching, to out of control debts, and finally an awareness of social injustice to the poor.

Cliff D’Arcy writes for the Motley Fool – Why The Next Housing Crash Will Be Worse! and gives 10 reasons:

  1. We overspend without care
  2. Our bills are soaring
  3. Mortgage debt is massively higher
  4. Non-Mortgage debt has exploded
  5. Mortgage equity withdrawal has soared
  6. Wage inflation is modest
  7. The savings ratio has plunged
  8. Interest rates are low
  9. The state safety-net has vanished
  10. Private insurance cover is pants

These reasons are just scratching the surface of what is a huge, growing, financial monster. I’m hoping to pull in as many sources as possible and put them into a concise article right here on Abandon All Fear.

The other evening I met up with a good friend I had not seen for a long time. He was the one who had introduced me to the book Rich Dad, Poor Dad, and I looked to him as a source of inspiration for learning the secrets to getting rich. At the time, it was as the British housing market was taking off. Everyone was talking about getting into property, more so in the church than anywhere else.

The story was different 3 years later. My friend had bought a property in the North, he had lost money on the sale. In fact he wasn’t the only person who lost money on property in my church, there were many buying into housing race and wealth creation, without any financial intelligence or understanding of market forces. Yet the self-propaganda continues amongst many. I listened to my friend tell me that he still thought property would rise, and how it’s still the best place to invest. I listened as he explained to me we have an influx of immigrants coming into the country which is driving prices up. He had a good argument, and 3 years ago my only choice would be to agree. But this time I was ready with some answers…

I agreed that there were many more people coming into the country than going out, however the market itself relies on confidence and the availability of people to buy. There is a limit on how far prices can go up, because there is a limit on people’s incomes. Not enough people can now afford to buy a house, and of those that do, they are stretching themselves to the limit. Bankruptcies are at record levels, and further increases in the interest rate will create millions more. Where bankruptcies rise so do repossessions, and where there repossessions, there is an urgency for the banks to cut their losses and get property off their books = price drop.

As I already stated, all markets work on confidence. Something that my friend could agree with me on is that the best time to sell is when everyone is buying, the best time to get out is when everyone is getting in. Everyone jumped on the property boat and it is now looking like a boat that will capsize.

People are struggling to sell, because they won’t bring their prices down, some are determined to make at least 30% profit, others who bought recently are simply trying minimise loss on their ridiculously priced mortgage. For both of these groups it’s taking them upto 18 months or more to sell, something in itself which would never have been heard of 10 years ago.

All it requires is a loss of confidence in property, just as everyone rushed in and the price shot through the roof. All it requires is everyone to panic and rush out which will have the opposite effect. I intend to present the evidence and show that this scenario is not an ‘if’, but ‘when’.

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Posted in Bank Robbers, Buyer Beware, Financial Terrorism, Housing Market Myths, Justice & Mercy, Profiteering, Propaganda, Property Market, Wealth Creation | Tagged: , , , , , | Leave a Comment »

[Spam] Iraq, Iraq, Iraq, The Eagle and the Koran (sic)

Posted by Lex Fear on October 3, 2006

A new and creative Urban Legend is making it’s way around the internet. D did the thoughtful thing of emailing me a copy as she knows I have a good Bullshat detector (kind of like a Bullshit detector but not as abrasive).

The email is as follows (100’s of email forward addresses removed), however I have interlaced it with my own observations:

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Posted in Anecdotes, Dark Side of the Light, Dorks, Propaganda, Spam Poetry, The Religious Wrong, Uncircumcised Philistines | Tagged: , , , , , | 2 Comments »

[Asinine] The Da Vinci Code Ruined My Faith!

Posted by Lex Fear on May 10, 2006

Ooooh Nooooo! Channel 5 will tomorrow expose the secret truth that I have tried to hide for 9 years as a born-again Christian! Supposedly this will rock the church and my faith.That’s right folks, it was never about studying the bible, personal experience, spirituality, conviction, bible evidence, working for the community, prayer, social action, worship or fellowship.

No, Gods purpose for the Church all along was to hide the fact and pretend that Jesus wasn’t married.What will the Church do now? Surely the whole institution will collapse, millions of believers everywhere will be left disillusioned. We will soon here testimonies such as:

“All my life there was something missing, I felt lost, confused and simply couldn’t move on until the Church told me that Jesus was married. Now I have discovered they have lied, I am no longer a believer and I feel let down.”

“The knowledge that Jesus wasn’t married helped me to beat my drug addiction and achieve my potential. All I can do now is go back to doing drugs.”

“Knowing that Jesus didn’t have any kids helped me to turn from a life of crime. Now I don’t know what I’ll do… I guess I’ll have to go back to mugging old ladies.”

So there you have it, 2000 years of careful scroll preservation, exposition, canonical scrutiny and debate, defeated by one, 500 year old painting.It doesn’t stop there. Since the discovery of the disciple to the left of Jesus in The Last Supper is, in actual fact, a woman, further revelations have been uncovered simply by staring at the painting:

  • Jesus was white with long hair.
  • 1st Century Jews sat on chairs with square tables and table-clothes, like 15th Century Italians.
  • 1st Century Jews wore clothes similar to Italians of the 15th Century.
  • Jewish women in the 1st Century wore mens clothing.
  • 1st Century Jerusalem was a beacon of 15th Century Italian architecture.

So much for all that historical data and archeological discoveries, eh?

Of course people who believe in the truth of “The Da Vinci Code” will be of sound mind. They will be rational and unbiased in their evaluation of the evidence. They will have read historical texts and alternative theories and come to their own conclusion. They have probably already read at least one of the following:

The Case For Christ
Mere Christianity
Strong’s Concordance
The Bible

But why waste time reading those heavy books, when you can simply visit Milan, look at a painting and make an intelligent decision.

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Posted in Apologetics, Dark Side of the Light, Duh!, Ha-has, Uncircumcised Philistines, Warring Memes | Tagged: , , , , , | 1 Comment »

[Herding Sheep] Dismissive Responses

Posted by Lex Fear on January 22, 2006

Dismissive responses are intended to appeal to our sense of reason (I say ‘sense of’ since if it was a direct appeal to our reasoning then the dismissive response wouldn’t work). What the dismissive response is actually doing is appealing to our herd instinct. The ‘herd instinct’ basically protects us from free thought and the hard work of using our brains. So for example: Let’s say some verbally incontinent braggart is voicing a fact or opinion, and a counter-argument or plausible objection enters your head. You may even feel the urge to offer this thought up for the debate. So you speak what’s on your mind and immediately the pompous git dismisses your viewpoint with something that sounds like a reasonable explanation as to why your viewpoint is incorrect. In actual fact it’s simply a dismissive response to get you off the scent of their line of bullsh*t.

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Posted in Anti-Terrorists, Doublespeak, Opinion, Uncircumcised Philistines | Tagged: , , , , , | Leave a Comment »