House prices fall £5,000 in year to September

Mallotum_X

Pimperne1 wrote: »

Thought this might be a positive post from you for a minute there! Glad you remembered to make the comparison with Japan though.

Im glad you see falling house prices as positive, seems like we have turned a corner :beer:

Pimperne1

Mallotum_X wrote: »

Im glad you see falling house prices as positive, seems like we have turned a corner :beer:

If someone said house prices would go down by 2.5% over the next year then I would say I would not be too fussed (especially as we are agreed that equity would then go up - although not for me though as all of my properties are IO). I suspect some people would be disappointed with a mere 2.5% though.

geneer

Pimperne1 wrote: »

If someone said house prices would go down by 2.5% over the next year then I would say I would not be too fussed (especially as we are agreed that equity would then go up - although not for me though as all of my properties are IO). I suspect some people would be disappointed with a mere 2.5% though.

You should be clear as to whether your talking about real or nominal house prices pimperne1.

Because in real terms I can see prices falling between 8 to 10% this year.

Pimperne1

geneer wrote: »

You should be clear as to whether your talking about real or nominal house prices pimperne1.

Because in real terms I can see prices falling between 8 to 10% this year.

If I had money rather than property is there anything you could recommend that I should invest in that would prevent me from being such a loser this year?

RenovationMan

Pimperne1 wrote: »

If I had money rather than property is there anything you could recommend that I should invest in that would prevent me from being such a loser this year?

I heard somewhere that Gold or Silver is a great investment. I forget where I heard it so I'm afraid I can't find a link for you. Rest assured though, its a great investment because why else would one person log on with multiple usernames to say its a great investment and then agree with himself that it was a great investment if it wasn't a great investment?

geneer

Pimperne1 wrote: »

If I had money rather than property is there anything you could recommend that I should invest in that would prevent me from being such a loser this year?

A time machine.

geneer

RenovationMan wrote: »

I heard somewhere that Gold or Silver is a great investment. I forget where I heard it so I'm afraid I can't find a link for you. Rest assured though, its a great investment because why else would one person log on with multiple usernames to say its a great investment and then agree with himself that it was a great investment if it wasn't a great investment?

Because it increased how much since 2007?

I'm not a gold/silver bug myself, but you guys act like its not an asset which can be readily sold when the time is right.

Unlike, say, a house.

RenovationMan

geneer wrote: »

Because it increased how much since 2007?

I'm not a gold/silver bug myself, but you guys act like its not an asset which can be readily sold when the time is right.

Unlike, say, a house.

Who do you mean by 'you guys'?

While I do view my house as an asset (my largest actually), it's my home and not an investment I will need to sell in a hurry. My pension is my next largest investment and consists of a diverse portfolio of funds, bonds and some shares that can be sold 'when the time is right'. I am currently heavily invested in a particular penny share that I think is going to absolutely fly. However, I don't feel the need to log on with multiple usernames in order to ramp it.

Interesting though that you mock pimperne1 with your time machine gag about how to jump on the housing bandwaggon at the right time, yet in the next breath you are singing the praises of the Gold bandwaggon from 2007. Should we also invest in a time machine in order to invest in Gold in 2007?

JonnyBravo

RenovationMan wrote: »

I am currently heavily invested in a particular penny share that I think is going to absolutely fly. However, I don't feel the need to log on with multiple usernames in order to ramp it.

And that is???
PM me if you're worried geneer will cut you to shreds with his laser like mind for revealing that you own a house and a particular share..... you big ramper.

JonnyBravo

tut, you seem to have thanked me but not told me the share...
I promise not to fall for your ramping