10 yrs on will u be envious of all those 'muppets' that got into B2L now?

silvercar

mewbie wrote:

I'm not currently envious of those who thought they'd seen the bottom of the dot com boom, ostriches, antiques, classic cars, stamps, tulips, etc. I may be jealous of those who invest in lithium for example, but then who knows what the next madness will be?

Well keeping cash in the bank seems to have failed. Maybe solid gold?

a_rather_tall_man

Arcaine wrote: »

As long as me and my family are healthy in 10 years and we have still got our home and we are still working and saving then the rest is negotiable.

I was going to mention good health, its priceless and all I really hope for...as long as I've got that then anything else can be dealt with as far as I'm concerned.

mewbie_2

silvercar wrote: »

Well keeping cash in the bank seems to have failed. Maybe solid gold?

Gold is a bit last year really. I have been advised to put money into zirconium, and fortunately Argos seem to have quite a lot of it for sale at very reasonable prices.

http://www.argos.co.uk/static/Product/partNumber/2352347/c_1/1%7Ccat_12109210%7CNeckwear%7C12109393/Trail/searchtext%3EPENDANT.htm

Max_Headroom_3

dopester wrote: »

Waste of time, energy and money.

Property hasn't got any future for capital growth - maybe not much longer as an income stream for many BTLers. It has had it's run.

I want to see houses which take off and glide through the skies - to set down in new locations.



Or building up from the earth.. cheap accommodation, super fast transports to other destinations like with floating cars, and not polluting the earth as much as we do.

We need more money channelled in to making stuff like that happen. Tech and advancement. Not wasted investment in to making bricks and mortar property as expensive as possible.

BTW - what inflation?

I'll have a pint of whatever Dopester's drinking please barman!

chupov

Max_Headroom wrote: »

I'll have a pint of whatever Dopester's drinking please barman!

I dont think hes drinking it mate.

Dopester,the clue is in the name!

wigglebeena

I do admire a subtle attempt at talking the market up. If you're going to do it, do it right. Positioning yourself as one of the sceptics, for example - it's very important to be 'one of us', a doubter being brought round by allegedly hard facts...

StevieJ

I am not envious of other people.

mewbie_2

StevieJ wrote: »

I am not envious of other people.

Check out my thanks count Stevie...:D

chewmylegoff

Conrad wrote: »

It is evident to me that there exists a slice of British society that became very envious of all those 'b2l muppet' colleagues that 'luckily' made a cash pile on the back of unforseen growth. TBH I myself feel irked by these tiresome property porners, so much so I deliberately avoid one friend as I find his boastful recounting of his investment prowess incredibly anoying, even though I did a bit of B2L myself:rolleyes:

Thing is this, I don't want to find myself envious of the next generation of lucky property beneficieries and I suspect quite of few you feel the same way.

We can knock B2Lers all we like but the fact remains property prices will rise rapidly again and those with nets cast and full of fish will be those that benefit from this inflation.

Deep down are you concerned you will once again find yourself facing smug b@stards at the dinner party in 2019 recounting thier investment journey?

in 10 years time i'll have been living in australia for about 8 years, probably mowing generali's lawn for a living.

the amateur BTL brigade will still be struggling to make a cash profit and hoping that there will be another property bubble to salvage their rubbish business model with a capital return.

so it's a close run thing as to whether i'll be jealous, as i really hate gardening.

drc

Conrad wrote: »

We can knock B2Lers all we like but the fact remains property prices will rise rapidly again and those with nets cast and full of fish will be those that benefit from this inflation.

This is what I don't understand. Will it? What facilitated the last rise? Was it really based on genuine funds or was it one big debt-laden pyramid scheme that has just collapsed. In order for property prices to rise you need supply and demand (and demand that actually turns into ability to buy, not debt disguised as wealth). In the present climate we do not have that since although there is some demand, there isn't the ability to pay ridiculous prices. I am not sure we will ever see property prices rising to the extent that they did up to 2007 since wages have not increased and there is a finite number of people who can afford to buy a ridiculously priced property. If anything, property prices are going to keep dropping and at some point stabilise at a natural level whereby people can afford to buy a decent house and feel they are getting value for what they are paying. There will not be another pyramid as it is unsustainable and based on a false wealth.