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Debate House Prices
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Rents Rising Again
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When the economic issues bit into the market, the start of that was the point that I and many others got out, confirmed by the Elliott wave characteristic it showed. The issues are going to bite into the housing market. That market corrected which I why I have taken another position there and in others in the market. Something i'm rather good at.And then lost 75% of its value by the year end.
Best stick to property, nobody ever lost 75% in less than a calendar year.0 -
Texas has a 5 property limit (perhaps I should have been more specific).
Link?
There is no law in Texas that I can find banning the ownership of more than 5 properties.Switzerland has 1 property limit for foreign investors.
Lots of countries have restrictions on foreign ownership. Makes little difference.“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
When the economic issues bit into the market, the start of that was the point that I and many others got out, confirmed by the Elliott wave characteristic it showed.
You mean the economic issues you never saw coming when you made Beowulf Mining your share of the year for 2011?
Just as well you got that Elliott wave to alert you just in time.
If I don't reply to your post,
you're probably on my ignore list.0 -
It is a rule I was made aware of when I was in the US a couple of weeks ago from a person from Dallas.HAMISH_MCTAVISH wrote: »Link?
There is no law in Texas that I can find banning the ownership of more than 5 properties.
Lots of countries have restrictions on foreign ownership. Makes little difference.0 -
I knew they were coming, I was forewarned by a friendly financial advisor earlier in 2011, I was riding the wave up to the peak after that. As I said, it was my share of the year for 2011 (as stated on 01/03/2011), I had taken all wanted from it then. It was inevitable that the Eurozone situation was going to get worse as it was unsustainable.You mean the economic issues you never saw coming when you made Beowulf Mining your share of the year for 2011?
Just as well you got that Elliott wave to alert you just in time.0 -
:rotfl:
Please, please, please keep posting Andy.
It was pretty obvious, it was to me (and confirmed by the FA and broker I met at another company presentation that year). It is obvious now that the Greeks are in an unsustainable fall and that too much money has been tied to them. When they bankrupt the market will turn on the other weak European countries and take them down. This collapse of the Eurozone will hurt the UK badly. Perhaps you need to learn how to use TA.
The Eurozone mess is just warming up to taking a bite out the housing market.0 -
It is a rule I was made aware of when I was in the US a couple of weeks ago from a person from Dallas.
It's absolute nonsense.
Such a law would be unconstitutional, and thus unenforcable.
I lived in the US for years, and I can assure you no such law exists.“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
I thought that too, but I found out from a person there. It wouldn't be unconstutional in the UK though. There are a lot of ways they can restrict the market, making it less attractive and lower risk (to lenders) seems to be the aim.HAMISH_MCTAVISH wrote: »It's absolute nonsense.
Such a law would be unconstitutional, and thus unenforcable.
I lived in the US for years, and I can assure you no such law exists.0
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