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Debate House Prices


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The housing market is heading for a fall

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Comments

  • Wookster
    Wookster Posts: 3,795 Forumite
    Thrugelmir wrote: »
    Ed Milliband (on the relaunch of old Labour).

    How utterly ironic!
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    edited 17 April at 9:56AM
    [quote=[Deleted User];41492120]I don't know, nor does anyone else.

    Before we go too far down this route can I just point out I wasn't seriously suggesting making houses out of gold. It was just an attempt at humour that clearly failed.[/QUOTE]

    Hence my response as we would be squeezing into a very small house! ;)
  • [Deleted User]
    [Deleted User] Posts: 0 Newbie
    edited 24 February 2011 at 6:50PM
    Thrugelmir wrote: »
    Hence my response as we would be squeezing into a very small house! ;)

    If you want a serious comment re gold v house prices I think that gold is a valid inflation hedge and if your timing is right can be a good investment.

    However the fact that you don't get any income off it whilst you hold it is what puts me off. You could I suppose buy shares in the mining companies but then your open to risks effecting that one company such as a collapse etc.

    I really don't understand why anyone would buy enough gold to buy a house but rent their own home. Surely in doing so you are losing money on rent and still have to get your timing right in the gold market.
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