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Debate House Prices


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Konnie Huq - the bulls answer to Merry Somerset Webb

Pimperne1
Pimperne1 Posts: 2,177 Forumite
in Debate House Prices & the Economy
Advising people to buy house (don't do it Konnie!):


http://www.telegraph.co.uk/finance/personalfinance/fameandfortune/8597181/Konnie-Huq-talks-about-money.html

DO YOU HAVE A PERSONAL PENSION OR A LONG-TERM FINANCIAL STRATEGY?

My extra property is my pension. The rental income covers the mortgage and hopefully the property market will recover soon, such that when I sell I'll have made a tidy profit.

WHAT'S BEEN YOUR BEST INVESTMENT DECISION?

Property. I bought my first property nearly 10 years ago and have bought a couple more since then. I decided it would be my pension investment. All the property I have bought has gone up in value: I think most property does in the long run if you can hang on to it. I'm so glad I managed to get on the property ladder when I did, as it can be difficult, especially in London.
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Comments

  • macaque_2
    macaque_2 Posts: 2,439 Forumite
    Pimperne1 wrote: »
    My extra property is my pension.

    And I keep a box of grenades for heating in the event of a power cut.
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Pimperne1 wrote: »
    Property. I bought my first property nearly 10 years ago and have bought a couple more since then. I decided it would be my pension investment. All the property I have bought has gone up in value:

    In that time frame very hard to have done otherwise.

    Hindsight isn't an investment tool.
  • Pimperne1
    Pimperne1 Posts: 2,177 Forumite
    Thrugelmir wrote: »
    In that time frame very hard to have done otherwise.

    Hindsight isn't an investment tool.

    I don't think you have sufficient evidence (other than that she bought one of her properties 10 years ago) upon which to base your statement about it being hard to have done otherwise.
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Pimperne1 wrote: »
    I don't think you have sufficient evidence

    Over 10 years average house prices are still up around 77%.

    So slowly heading on a downward trajectory. Well off their peak of 100% not so long ago.

    Shares over 10 years are 42% with dividend income reinvested.
  • Masomnia
    Masomnia Posts: 19,506 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Konnie Huq's a babe.

    Good enough for me.
    “I could see that, if not actually disgruntled, he was far from being gruntled.” - P.G. Wodehouse
  • ruggedtoast
    ruggedtoast Posts: 9,819 Forumite
    Was she the one who bought the property in Thamesmead and thought it would gentrify once all the riff raff had been repossessed?
  • geoffky
    geoffky Posts: 6,835 Forumite
    ruggedtoast wrote: »
    Was she the one who bought the property in Thamesmead and thought it would gentrify once all the riff raff had been repossessed?

    yes..She had to evict the squatters and drugs dealers who lived in the penthouse.....she was one unhappy lady then,,
    It is nice to see the value of your house going up'' Why ?
    Unless you are planning to sell up and not live anywhere, I can;t see the advantage.
    If you are planning to upsize the new house will cost more.
    If you are planning to downsize your new house will cost more than it should
    If you are trying to buy your first house its almost impossible.
  • Pimperne1
    Pimperne1 Posts: 2,177 Forumite
    If anyone ever said that being a landlord is all plain sailing then they are either:

    a) lying, or
    b) very lucky
  • Swans1912
    Swans1912 Posts: 1,658 Forumite
    Little random... I came across a very young Konnie Huq on the blockbusters game show when channel hopping the other day.
  • JWF
    JWF Posts: 363 Forumite
    And did she ask Bob Holness for the letters H O U S and E?
    All I seem to hear is blah blah blah!
This discussion has been closed.
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