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is 90% of Wealth still held in Property
Euphoria1z
Posts: 952 Forumite
"Over 90% of the Times Rich List hold the majority of their fortunes in property."
Ive had 3 emails today saying the same thing (im on their mailing list) so am just wondering, does the above statement still ring true after the credit crunch? is 90% of weath still in property?
People make money and then shove it in property.
People compare their wealth in terms of how much property they own/or is worth.
so is 90% of wealth still held in property even after the global credit crunch/recession?
Ive had 3 emails today saying the same thing (im on their mailing list) so am just wondering, does the above statement still ring true after the credit crunch? is 90% of weath still in property?
People make money and then shove it in property.
People compare their wealth in terms of how much property they own/or is worth.
so is 90% of wealth still held in property even after the global credit crunch/recession?
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Comments
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investing in property is always a gamble - the house always winsEuphoria1z wrote: »so is 90% of wealth still held in property even after the global credit crunch/recession?0 -
Your heading is factually incorrect & misleading.Not Again0
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Euphoria1z wrote: »"Over 90% of the Times Rich List hold the majority of their fortunes in property."
Ive had 3 emails today saying the same thing (im on their mailing list) so am just wondering, does the above statement still ring true after the credit crunch? is 90% of weath still in property?
People make money and then shove it in property.
People compare their wealth in terms of how much property they own/or is worth.
so is 90% of wealth still held in property even after the global credit crunch/recession?
I would imagine that anyone self made on the Times Rich List holds the majority of his or her fortune in shares in his own company.0 -
Wealth in property can be anywhere from 46% to 94%
& that 94 is with 9 out or 10 of them having 99% (majority) of their money in property as opposed to 100% (all).Not Again0 -
What is the definition of property?0
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Euphoria1z wrote: »"Over 90% of the Times Rich List hold the majority of their fortunes in property."
Bill Gates is the biggest BTL investor in the UK.
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The statistics are totally meaningless without a definition of "property"0
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