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Debate House Prices
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At last. A sane comment on house prices and the recent interest rate cut
Comments
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It has lost a fortune in the recent past, surely must be a solid buy now. Good luck
I jumped out about 6 months ago, and I just bought in for about 30% less than I sold for.In case you hadn't already worked it out - the entire global financial system is predicated on the assumption that you're an idiot:cool:0 -
Thanks for that:beer:
Also Utility companies with fixed price increases and captive consumers.
I wouldnt bank on utilities. I work for one and there is a freeze on recruitment and there has already been redundancies. I would be very surprised if I still have a job this side of April 2009. They are suffering same as everyone else. Remember they are foreign owned and Europe is in recession too.0 -
space_rider wrote: »I wouldnt bank on utilities. I work for one and there is a freeze on recruitment and there has already been redundancies. I would be very surprised if I still have a job this side of April 2009. They are suffering same as everyone else. Remember they are foreign owned and Europe is in recession too.
Yeah - but laying off staff is good news for investors, generally.
If I wasn't saving all my cash to buy a house (;)) then I'd be seriously keeping an eye on stuff like the utilities as a home for my money. They will continue to produce steady profits even in an economic downturn and I have a feeling that there will be a sharp turnaround of their fortunes in the event of inflation being successfully re-introduced by the governments.
As it is, so long as house prices keep falling I'm happy enough even if my savings aren't earning much interest. Once I have bought my house I can look for ways to lose my money on the markets.--
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 -
space_rider wrote: »I wouldnt bank on utilities. I work for one and there is a freeze on recruitment and there has already been redundancies. I would be very surprised if I still have a job this side of April 2009. They are suffering same as everyone else. Remember they are foreign owned and Europe is in recession too.
I wish you luck on the job front.'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
Yeah - but laying off staff is good news for investors, generally..
Gee thanks.
I`m a home owner and though I haven`t over stretched myself I would still struggle on income support or JSA to pay the mortgage and feed myself and 2 children. I`m hoping to find work in a department that is as recession proof as can be.;)0 -
space_rider wrote: »Gee thanks.
I`m a home owner and though I haven`t over stretched myself I would still struggle on income support or JSA to pay the mortgage and feed myself and 2 children. I`m hoping to find work in a department that is as recession proof as can be.;)
The problem is that one of the easiest ways to save money and improve the bottom line is simply to reduce headcount. It practically guarantees an improvement in share price and these days companies are driven by the need to return value to investors.
That's why a lot of people are going to get a bit of a shock having thought they were in a safe job ... and it's this instability that will affect house prices negatively.--
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 -
The problem is that one of the easiest ways to save money and improve the bottom line is simply to reduce headcount. It practically guarantees an improvement in share price and these days companies are driven by the need to return value to investors.
That's why a lot of people are going to get a bit of a shock having thought they were in a safe job ... and it's this instability that will affect house prices negatively.
You really are a heartless
fill in the blanks.'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
Well they have done it in the past but concentrated on those in management so it`s never affected me.0
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You really are a heartless
fill in the blanks.
How does rationally discussing typical business behaviour make me heartless?
Unfortunately, this sort of situation is going to be all too typical in the months ahead and will contribute greatly to a general sense of insecurity.--
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
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