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Debate House Prices


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Plunging Property and stock markets

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Comments

  • purch
    purch Posts: 9,865 Forumite
    Couldn't you say the same about property?

    I realise that some on this forum seem to consider that property is an instrument that you can buy and sell on a whim, but IMHO it is rather different from a pure financial instrument.
    'In nature, there are neither rewards nor punishments - there are Consequences.'
  • purch wrote: »
    I realise that some on this forum seem to consider that property is an instrument that you can buy and sell on a whim, but IMHO it is rather different from a pure financial instrument.


    You've clearly never snapped up a couple of houses on Old Kent Road or Park Lane.
    US housing: it's not a bubble - Moneyweek Dec 12, 2005
  • Purch is right. Gold and silver are in long term bull markets. Every pull back is a gift, but the bull is in tact. The trend is your friend.
  • purch wrote: »
    I realise that some on this forum seem to consider that property is an instrument that you can buy and sell on a whim, but IMHO it is rather different from a pure financial instrument.

    the liquidity of the investment is a different topic, i merely asked if your statement on gold could also be attributed to property
    purch wrote: »
    The markets do not/cannot work in that way.

    Gold (Property) is undergoing a correction at the moment, maybe even as far as $ 1,400 (£140,000).

    The up-trend will still remain intact.
    :wall:
    What we've got here is....... failure to communicate.
    Some men you just can't reach.
    :wall:
  • purch
    purch Posts: 9,865 Forumite
    the liquidity of the investment is a different topic, i merely asked if your statement on gold could also be attributed to property

    I don't doubt that it could be.
    'In nature, there are neither rewards nor punishments - there are Consequences.'
  • the liquidity of the investment is a different topic, i merely asked if your statement on gold could also be attributed to property

    Everything moves in cycles. Gold is going from undervalued to over valued, there are dips on the way but the cycle is in tact until gold is over valued then it will be on its way to undervalued again.

    Same with property, but it is now moving from over valued on its way to undervalued.

    If it goes to average house 140K sometime next few years, then I expect that would be the end of the cycle, property would be undervalued, and the next cycle would start on its way to over valued again.
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