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50% rise in house prices needed before crash
Comments
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Good point. ALL house buying is speculative.
It's a huge amount of cash and a lifelong commitment you're making, and one you only make if you think that, by delaying, it will be even more expensive in a few months' time.
Take that fear away - or replace it with the fear of falling house prices - and a significant percentage of house buying dries up.
I look forward to the day when "the masses" advise their mates not to buy, sucking air through their teeth at the very thought of it.
At the moment I have friends - most of whom are utterly clueless when it comes to money!!! - giving ME advice about what I should do with my savings (put it into a buy-to-let, of course, you can't go wrong etc etc yawn).0 -
Wasn't it Rockefeller who said something to the effect that when the shoe-shine boy is giving you share tips it's definitely time to get out.meanmachine wrote:....At the moment I have friends - most of whom are utterly clueless when it comes to money!!! - giving ME advice about what I should do with my savings (put it into a buy-to-let, of course, you can't go wrong etc etc yawn).A house isn't a home without a cat.
Those are my principles. If you don't like them, I have others.
I have writer's block - I can't begin to tell you about it.
You told me again you preferred handsome men but for me you would make an exception.
It's a recession when your neighbour loses his job; it's a depression when you lose yours.0
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