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hpc going into meltdown.....
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When my parent got into BTL in the 90's they invited a few of their friends to join in. At the time no one wanted to know. I'm sure if they were asking a couple of years ago it would have been a different story. As Buffett say be fearful when others are greedy and greedy when others are fearful. Every Tom !!!!!! and Harry wants to invest in property at the moment and thats a bad sign for me. It the same for gold. Harrods are selling gold now as are all these companies advertising on TV. Says to me there is not much in it now.
The best investments are the ones people getting into before the herd follows. Even Mr Madoffs early clients would have done well out of him but the problems occured when the sheep decided to follow.
There was someone on TV from Barclays the the other day says that alot of clients were investing in property without doing any research and that there were much better opportunities out there than property.
As for your comment on NR. The last country to do QE and extra low interest rates still have prices lower than they were 25 years ago so whilst I expect property to make a return in 25 years its not a given certain as you seem to think
I agree with much of what you've said, but where are "ordinary" people going to invest if not in property? Indeed, perhaps I should have asked, "where will ordinary people feel comfortable/safe investing their money, if not in property". And let's be specific here - none of that "in new and exciting, modern investments" rubbish.....
If you can answer either/both of those questions for me then I'll start agreeing with your assertion that property is a dead duck."I can hear you whisperin', children, so I know you're down there. I can feel myself gettin' awful mad. I'm out of patience, children. I'm coming to find you now." - Harry Powell, Night of the Hunter, 1955.0 -
Every Tom !!!!!! and Harry wants to invest in property at the moment and thats a bad sign for me. It the same for gold. Harrods are selling gold now as are all these companies advertising on TV. Says to me there is not much in it now.
Is that true? can't say I have noticed, although obviously Harry sees it as a sound investment, which it probably will be.'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 -
StiflersMom wrote: »I can't see it going into meltdown - moaners and bedgrudgers will always need a home
A 'bedgrudger'..?
Ah yes - as in 'who's been sleeping in mine?', you mean?
Excellent bear allusion.0 -
Is that true? can't say I have noticed, although obviously Harry sees it as a sound investment, which it probably will be.
I know a few that have bought into BTL over the past few years and I know a few more who plan to buy into it. It seems like most think housing is a great investment and for me once you get to stage where evryone thinks something is a great idea it tend not to be.
As for being a sound investment, I suspect for those buy property as a home first and investment second it will be. For those though buying as an investment ie as a pension tool etc I suspect in 25 years or so they will find there will have been alot better investments out there probably even simply long term saving once interest rates get back to normal.
The simple facts are eveything has a finite value and we have pretty much reached it for housing. Therefore there is little chance of housing beating inflation by any reasonable amount over the next 25 years or so for the average person.0 -
boomerangs wrote: »The obsession concerning housepricecrash.co.uk by hpc.co.uk's No.1 reject continues unabated
At some point in your life you're going to have to put it behind you and move on otherwise it'll continue to eat you up inside. :rotfl:
No wonder they banned you.
Hamish' ban was very much their loss and our gain.
He is one of this boards all time favourite pixels.
You on the other hand.........Retail is the only therapy that works0 -
I know a few that have bought into BTL over the past few years and I know a few more who plan to buy into it. It seems like most think housing is a great investment and for me once you get to stage where evryone thinks something is a great idea it tend not to be.
2007 maybe don't see it now, you have your bubble and I will have mine
'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 -
As for being a sound investment, I suspect for those buy property as a home first and investment second it will be. For those though buying as an investment ie as a pension tool etc I suspect in 25 years or so they will find there will have been alot better investments out there probably even simply long term saving once interest rates get back to normal.
Not sure that this is true. There are very few other investment opportunities that offer both an ongoing increasing income, and LT capital appreciation. The tax advantages of being able to write off interest and other costs, as well as the favourable CGT regime also make it attractive.
From a personal point of view, my little portfolio gives a good yield (more than covering the cash flow) and is up 15% over the past twelve months in terms of capital appreciation. I am more than happy with that !!
:T0 -
STR Regrets.
http://www.housepricecrash.co.uk/forum/index.php?showtopic=140120As much as I believe in having no regrets I have just faced it. I sold my flat in 2005 as it wasn't big enough for my growing family and decided to move areas (better) and rent for a 'couple of years'. The average price since I moved here has gone up £69K since. Everyone said "rent out the flat DON'T sell it, but I was too scared. It has gone up in value about 40k and i could have paid off 25k more of the mortgage. I could actually be making a profit of about £500 per month right now on it!!
This is the reality. Plus points are: I made about 20k on the sale of the flat and have added another 25k of savings to it. IT IS NOT ENOUGH to get anything in the new area! We are now struggling for work free lancers and the value of our savings are now shrinking as prices are rising here and we don't get much interest at all. Rent is expensive.
People. I made a mistake. I take responsilbilty for it. Is anyone else going to come out and admit they were an idiot?
OK so NewLiebor didn't do what they were supposed to do. This is the lesson. Events do not follow patterns. You CANNOT predict the markets!!
F***** depressed."There's no such thing as Macra. Macra do not exist."
"I could play all day in my Green Cathedral".
"The Centuries that divide me shall be undone."
"A dream? Really, Doctor. You'll be consulting the entrails of a sheep next. "0 -
Spartacus_Mills wrote: »
Good topic, worthy of a thread of it's own actually.
The number of STR's who made out OK must be vanishingly small. You'd pretty much had to have sold in mid to late 07, and bought back in Q1 or Q2 09, and even then it would have to be quite an expensive house to overcome the transactional and rent costs.“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 -
HAMISH_MCTAVISH wrote: »Good topic, worthy of a thread of it's own actually.
The number of STR's who made out OK must be vanishingly small. You'd pretty much had to have sold in mid to late 07, and bought back in Q1 or Q2 09, and even then it would have to be quite an expensive house to overcome the transactional and rent costs.
I think only the ones that did it by chance, can't see any on the ones that planned it gaining at all, especially those that sold 2000-2002 :eek:'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
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