Is Cash a Better Prospect Than Property If......

Batchy

JayBrun wrote: »

Many suspect that we may face significant problems in the near future, including Mervin King, someone whose thoughts I am not inclined to totally ignore.

It's not a question therefore of worrying, but of a question of being prepared as best you can in your particular circumstances. Always a good philosophy. Planning ahead isn't the same as worrying.



Like most people I'm not hoping for disaster, something you might glean from reading my post.
You imply that I am trying to take advantage of the situation whereas I'm simply trying to protect what I've spent my working life building up.
Like others in years gone by, I saved by limiting what I spent and limited borrowing as best I could.
If the saving habit hadn't died a number of years ago and been replaced by a desire for immediate gratification and borrowing as if there was no tomorrow, at least some of the personal financial problems would not be quite so great.



I'm not sure how much of my post you've read but since I referred to buying a second property for cash you may correctly assume I do not have and will not have a mortgage to pay off.

Thanks for your reply but by using the YOU it was a royal you. And my point is, life is more important than personal wealth... Live... dont just exist...