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Debate House Prices
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Best/most efficient way to buy if you have a lot of cash?
Comments
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i hope that you do make money on your gold investment and get your home.
i also hope that you make money on your home too when you go to sell it.
The gold isn't about making money - it's about trying to hedge myself. If I wanted to make money I'd sell it right now and pocket a substantial amount tax-free for less than 4 weeks 'work'. I'll only sell it when it starts to fall back towards what I paid and should it go lower then I'll buy back in when the price stabilises and increase my holding to the level I wanted to have in the first place.
And I'm not looking to make money on my house, I want to buy a house to live in without going into debt. When the time comes to sell it of course I hope it will be worth more than I paid for it because almost certainly there will have been general inflation in that time period, but I wouldn't want to see rampant HPI as that would just make moving up the ladder more difficult.--
Every pound less borrowed (to buy a house) is more than two pounds less to repay and more than three pounds less to earn, over the course of a typical mortgage.0 -
Gold does not pay an income, which is primarily the reason I did not invest.
If I want a hedge I have the pick of good ole fashioned safe Building Societies (not Banks) which are paying just over 6%. The ones to go for are those that have been cautious lenders, so not Yorkshire, Coventry, and others that have been involved in risky lending.0
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