Latest desperate EA "news" story

boyse7en

It's also possible that these new 'investors' are thinking that inflation is about to rocket, which will have the effect of gradually eroding the amount they owe (in real terms) over the duration of any loan they need to buy the property.

Kez100

NOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO!!!!!!!!!!!!!

Not more b****y BTL with loans. Please. Stop NOW.

This is about people WITH MONEY and possible ideas of where to put THEIR MONEY. Let the prices drop to levels they can buy, IN FULL.

Sorry, I'm not angry with you in particular - I just want to see the whole sorry greedy business gone for good. Not landlords with money - they have been around since time in memorial.

ad9898_3

No one has lost a pound in a UK bank as far as I know at the moment and savings rates of around 6% are still competetive, property on the other hand is a disaster as an investment at this time, even if you pay cash, your investment is losing 1-2% a month, if you have to have a mortgage its even worse, then you are paying the banks 5.5%-7.5% interest for the privelige of losing that 1-2% month off prices.... utterly insane.

brit1234

boyse7en wrote: »

It's also possible that these new 'investors' are thinking that inflation is about to rocket, which will have the effect of gradually eroding the amount they owe (in real terms) over the duration of any loan they need to buy the property.

The funney thing is the consensus is we are going to have deflation rather than inflation, a bit like Japan did recently for 10 years.

Have a listern to the two debates on Comodity watch radio on the subject. Both are excellent debates.

http://www.minesite.com/webcasts/commodity_watch_radio.html

MrDT

Penelopa.Pitstop wrote: »

It's really scary to watch it every day for the last few weeks. And you don't have to be a millionaire to buy properties.

Are you suggesting that you have to be a millionaire to invest in stocks and shares?

adr0ck

MrDT wrote: »

Are you suggesting that you have to be a millionaire to invest in stocks and shares?

i think that was just a response to sirhumphreys comment that only very rich people will be looking to buy property




and does anyone know the answer to my previous post ....cheers

Sir_Humphrey

adr0ck wrote: »

i think that was just a response to sirhumphreys comment that only very rich people will be looking to buy property

and does anyone know the answer to my previous post ....cheers

That wasn't my point. I was making the point that only rich people could buy at today's prices with cash*. I never said I thought they would, and even if they did they would not swing the market.

The super rich are getting hammered anyway.

http://business.timesonline.co.uk/tol/business/movers_and_shakers/article4916494.ece

*Except for maybe a Manchester Moss Side crackhouse.

scousethife

I'd invest in neverdissparegirls apple orchard

adr0ck

Sir_Humphrey wrote: »

That wasn't my point. I was making the point that only rich people could buy at today's prices with cash*. I never said I thought they would, and even if they did they would not swing the market.

The super rich are getting hammered anyway.

http://business.timesonline.co.uk/tol/business/movers_and_shakers/article4916494.ece

*Except for maybe a Manchester Moss Side crackhouse.

i'm not saying that i thought they would either

as you say the super rich have been hammered

at least something good has come out of it

lethal0r

property more safe than a bank!?

bank - earn interest on your money, if the bank goes bust either another bank takes over your account or you claim compensation.

property - possibly earn slightly more rent than the equivalent money in a bank, you are currently buying a depreciating asset, if you go bust no one will help you out.