Bloomberg: Rates to stay at 0.5% for years, House Prices to Rise

chucky

brit1234 wrote: »

Ok the count is ONE (1) for the Hamish Centre for Economics and Business Research (CEBR) repost counter.

this is what i love about some of the desperados on here - it's ok for them to use the same source but knock others when it is used.

how's this fit into your double standards Brit? you hypocrite

By the end of this year prices will be down by 10% and by a further 10.5% in 2009, according to the index. Prices will keep dropping through 2010 and cut values by 23.5% when they hit rock bottom in 2011.

here's the best bit

brit1234 wrote: »

You will see over the next few months that 50% falls in house prices will increasingly spoken of as reality sets in. Inflation is rising and the days of low interest rates are over.

https://forums.moneysavingexpert.com/discussion/962875

Thrugelmir

nollag2006 wrote: »

How is the 50% house price drop by Christmas 2009 working out for you brit?

Oh, I forgot you have me on ignore, as you don't like hearing dissenting voices !!

:rotfl::rotfl:

We're still waiting for Hamish to reinstate his sig. :rotfl:

chucky

Thrugelmir wrote: »

We're still waiting for Hamish to reinstate his sig. :rotfl:

while others are still waiting to tell us that BP shares are a better investment than property....

BP falls 50%, property no where near that. priceless :rotfl:

Thrugelmir

chucky wrote: »

while others are still waiting to tell us that BP shares are a better investment than property....

BP falls 50%, property no where near that. priceless :rotfl:

And you don't hold any BP shares at all ?

What's your 50% fall based on? BP share price has never reached over £8. So factually incorrect.

Just looking at the BP website for reference. Shares bought in January 1993 would still be showing a 337.5% gain compared to Fridays closing price, and that excludes dividend income. Which of course could have been reinvested. However I'll ignore that as we'll side track into property rents. So let's stick to capital gain.

The average house price in Qtr 1 of 1993 was £50,128 per the Nationwide. So applying the increase in BP share price would equate to £169k. Around where we are today.

However your BTL investment is subject to capital gains tax , my shares are not.

So I have no regrets.

chucky

Thrugelmir wrote: »

What's your 50% fall based on? BP share price has never reached over £8. So factually incorrect.

well they dropped to £3 from £6.50... that's over a 50% drop... property has never had a 0% drop. factually 100% correct?

Thrugelmir wrote: »

Shares bought in January 1993

and property hasn't had a similar return... that's not the point though... they are as risky as each other.

Thrugelmir wrote: »

However your BTL investment is subject to capital gains tax , my shares are not

no gapital gains to pay here, ever... factually incorrect

Thrugelmir wrote: »

So I have no regrets.

and why am i not surprised...

Exocet

chucky wrote: »

while others are still waiting to tell us that BP shares are a better investment than property....

BP falls 50%, property no where near that. priceless :rotfl:

I thought you claimed to have a diversified portfolio? Surely most people with a mixture of pension and equity ISA's have some exposure to BP shares?

chucky

Exocet wrote: »

I thought you claimed to have a diversified portfolio? Surely most people with a mixture of pension and equity ISA's have some exposure to BP shares?

i have BP shares and averaged down when they dropped. both in my SIPP and ISA.

you worry what i have and haven't got too much - you need to let it go. it will release the hurt.
you're like a a woman scorned...

Exocet

chucky wrote: »

i have BP shares and averaged down when they dropped. both in my SIPP and ISA....

Of course you did.

chucky

Exocet wrote: »

Of course you did.

you asked... you should have read this thread it might have helped you.
https://forums.moneysavingexpert.com/discussion/2446861
it helped make my mind up...

i sold Centrica last week so make sure you make a note of it on your ring note book - the one that has a picture of me on the front of it and your Miss Kitty stickers...

Exocet

chucky wrote: »

it helped make my mind up...

Of course it did.