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Debate House Prices
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Shall we have our own 12 month house price survey then?
Comments
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Presumably he'll answer this, but I imagine it's because even he knows there is a risk having too much expsure to just one asset. So, as he's said a few times before, he feels having two propeties is enough expose to that asset.
I feel quite bullish about Indian equities over the next few years and I think they'll go up considerably. However, this doesn't mean that I'm pumping every last penny I own in to them.
Hamish wouldn`t have had to pump every last penny into property to make a fortune. In hindsight, even I could have made a tidy sum if I had known what I know now, without taking too much of a risk.
I am simply challenging Hamish`s claims that he is, and has been rather good at predicting the property market.30 Year Challenge : To be 30 years older. Equity : Don't know, don't care much. Savings : That's asking for ridicule.0 -
I will also agree that his reasoning and predictions are fairly accurate.I am simply challenging Hamish`s claims that he is, and has been rather good at predicting the property market.
Do make up your mind old boy.
“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
That's right. That is what I am suggesting. Your fatuous argument about not making a fortune even though he thought house prices were going up led me to that conclusion.You seem to be implying that everything is "black or white" with me, and that I don`t live in the real world.
Yeah I enjoy jumping to conclusions. I've noticed it's quite prevalent round here so I fit right in.I`d suggest that you are jumping to conclusions. If you want to accuse me of anything, I`d say that that grey is my colour, in more ways than one.
Doesn't need me to pop at you? I'll pop at whoever I please thanks.Hamish and I have quite differing opinions, and we merely "tussle" on this forum. Hamish can fight his own battles (quite well in fact), he doesn`t need you to "have a pop" at me, he`ll do that himself if he wishes.
That includes people making ludicrous statements as you did earlier.
Cheers!0 -
This time next year house prices will be lower than they are now.
100% gauranteed"The problem with quotes on the internet is that you never know whether they are genuine or not" -
Albert Einstein0 -
I don't think anyone really cares if prices will be lower or higher on the nearlynew fantasy index.This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com0
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This time next year house prices will be lower than they are now.
100% gauranteed
And thus, with a simple sentence, the MSE debate board's pointless, relentless, cycle of endless squabbling and bickering commences again, so that in twevle months time we can have the same trivial and nonsense discussions about what is reality and what isn't. And still the world turns. Still the world turns.0 -
30 Year Challenge : To be 30 years older. Equity : Don't know, don't care much. Savings : That's asking for ridicule.0
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HAMISH_MCTAVISH wrote: »Do make up your mind old boy.
Epic fail. :wall: I should have engaged brain before typing.
What I meant was that you have been fairly accurate, but you seem to "boast" about it somewhat. I am simply trying to suggest that if you were so confident in your ability to predict, why didn`t you use it to your advantage ?
You may say that there is a risk, but how can there be if you are so good at predicting the market. Or maybe you have been a tad lucky (did you really know that Gordon and Alistair would act as they did ?).30 Year Challenge : To be 30 years older. Equity : Don't know, don't care much. Savings : That's asking for ridicule.0 -
Epic fail. :wall: I should have engaged brain before typing.
What I meant was that you have been fairly accurate, but you seem to "boast" about it somewhat. I am simply trying to suggest that if you were so confident in your ability to predict, why didn`t you use it to your advantage ?
He has. From what I know he has bought a house to live in (rather than rent) and owns one that he rents out or has a second home, I can't remember. Thus, he is taking advantage of what he thinks will be rising prices, amongst other reasons for owning I imagine.You may say that there is a risk, but how can there be if you are so good at predicting the market.
Because no one can predict a market 100%, or even close to that. Any sensible investor would, presumably, angle their portfolio towards assets that they feel are going to rise, or provide a good income, depending on your goals. The sensible investor would also then hedge against this by having other money in a wide variety of other assets to counter-balance the risk.
Hamish has said he has 75% of his wealth in property, which seems a high percentage to me. But then Hamish seems more bullish about property than me, so that's fine.
To make the point again, I like the look of India over the next few years. So I have money in India, and a bit more money that I had in there last year. But am I so sure that I'm selling my car, remortgaging my house and sticking hierlooms on eBay so that I can throw everything at Indian equities? Of course not, because that's how fools invest. Just look at someone like Asheron who posts on here and said once that something like 50% of his income and 95% of his portfolio is invested in silver because he's that bullish about it. Anyone with that type of approach will get their fingers burnt at some point. Hamish has 75% of his wealth in property so if property falls considerably, so will his wealth. I would say that he is 'putting his money where his mouth is'.0 -
Dirk_Rambo wrote: »err i never actualy voted. i bet you feel a bit off a mug right now but no harm done. good luck to you all the same
Wow the grammar has improved overnight.Official MR B fan club,dont go............................0
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