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Debate House Prices
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When interest rates to go back to normal many more distressed sellers?
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The next generation is the ninja generation.
No income, no jobs or assets.
Gordon Gekko0 -
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The deflation cometh....0
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If I were you I'd be taking profits now and not being too greedy. Be thankful for the bonanza and get more diversified. Clinging to any bandwaggon never works out long term.
If there are any profits to take. From the look of that graph, someone buying in Jan 2011 and selling one year later would probably not even cover the broker fees. A year is a long time to wait for no change - though I guess the property bears (which these guys obviously are), are used to that sort of thing.0 -
RenovationMan wrote: »If there are any profits to take. From the look of that graph, someone buying in Jan 2011 and selling one year later would probably not even cover the broker fees. A year is a long time to wait for no change - though I guess the property bears (which these guys obviously are), are used to that sort of thing.
A year is not a long time at all. The bull market in monetary precious metals has been 11 years so far and we are still only in stage 2. So 1 year means nothing.
Same for the bear market in property. We are only a few years in, we have a long way to go with falling house prices. There will be times when it looks like the bull run has ended for PM's, just as there will be times when it looks like the bear market for property has ended. But by the end of this decade it will be obvious to see monetary precious metals (gold and Silver) have been in long term bull markets and property has been in a bear market.Monetary precious metals are in a long term bull market.
Property is in a long term bear market.0 -
Wow people can accurately predict the future here0
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