Who'd vote for lower house prices? Not many...

HAMISH_MCTAVISH

Thrugelmir wrote: »

Net worth counts for little in a fire sale situation. Cash is King.

But as 99% of people never end up in such a situation, that's irrelevant to almost everyone.

Liquidity is what matters.

You keep telling yourself that.....;)

ukcarper

Graham_Devon wrote: »

Sure. Just saying what I see. Of course not EVERY SINGLE protestor are boomers.

I can see one single younger person in the film

I take it you feel it's perfectly fine that a person working for a housing association weekends and working at the weeks, can't afford to put a roof over her head?

What exactly should she be doing to enable her to do that?

I don't think it is fine just that it's nothing new. The only real solution is more social/council housing not much chance of that.

She could share like many people do.

abaxas

Turnbull2000 wrote: »

Massive turnout for a anti-development protest in Ponteland today, organised by the PGBG. Must have been hundreds of people, with placards installed along the streets in support of their cause. And these were all the exact demographic that tends to vote in numbers. I expect the councillors to take their side as usual - there's simply no alternative if they want to keep their job (and protect the value of their own properties of course).

I have to say, PGBG, Holystone Action Group (the coastal anti-development group) and the other major players are very well organised and vocal.

Have you seen how much is for sale in Ponteland? 321 on rightmove alone. If anywhere was a 'crash epicenter' it would be Darras Hall.


/waves from Hexham.

wotsthat

Thrugelmir wrote: »

Net worth counts for little in a fire sale situation. Cash is King.

Liquidity is what matters.

Net worth counting for little is a step forwards from net worth being an abstract or 'psychological' concept.

Given that cash is king and it's liquidity that matters I assume your entire net worth is in cash? Or is your walk different from the talk?

chucknorris

wotsthat wrote: »

Net worth counting for little is a step forwards from net worth being an abstract or 'psychological' concept.

Given that cash is king and it's liquidity that matters I assume your entire net worth is in cash? Or is your walk different from the talk?

Holding your wealth in cash only is just plain stupid (as you know and implied), some cash should be kept for that bargain investment opportunity that comes around every now and then or some for a rainy day. But keeping too much of your money is cash is not a good idea, and I am saying that with currently far too much of portfolio (approx 25%) held in cash at the moment. The problem is that I can't find a decent alternative for it, but it is not a good strategy to hold too much cash, unless of course you have a specific reason (like saving for a house deposit and you might need to move quickly).

Cash will will rarely produce a decent return in real terms on your wealth, apart from unusual practices like money lending or bookmaking etc where the cash is the tools of the profession/trade/business.

ukcarper

Graham_Devon wrote: »

Sure. Just saying what I see. Of course not EVERY SINGLE protestor are boomers.

I can see one single younger person in the film

I take it you feel it's perfectly fine that a person working for a housing association weekends and working at the weeks, can't afford to put a roof over her head?

What exactly should she be doing to enable her to do that?

That particular development has been covered a lot on local TV and a large proportion of people protesting are younger. Trying to imply that it is only boomers that protest against these developments is non productive as normally most people who are directly effected by a developement like the one above will complain.

wotsthat

Graham_Devon wrote: »

Sure. Just saying what I see. Of course not EVERY SINGLE protestor are boomers.

I can see one single younger person in the film

I live on a newish estate that falls within the catchment of a decent school. When a new estate was planned I and many of my neighbours (people with young families rather than boomers) objected because we were worried that, given the new estate was closer to the school, we may be pushed outside the catchment.

I doubt boomers are more disposed to acting in self interest than anyone else.

Mr._Pricklepants

Thrugelmir wrote: »

Net worth counts for little in a fire sale situation. Cash is King.

Liquidity is what matters.

The sheer stupidity of your comment is breathtaking. Don't tell me you're a Devonomics disciple?
Net worth counts for everything. Exposure to cash in an inflationary environment is just not such a good idea.

Emy1501

Net worth of the house somone lives in means littlle for the vast majority. Something different when talking about a number of investments

Last survey i saw most people wanted no prices rises with those for and against about the same.

For me high housing costs are not helping our ability to grow.

chucknorris

Emy1501 wrote: »

Net worth of the house somone lives in means littlle for the vast majority.

So you think that if you live in a 500k house it is no better to own it outright to having a 500k mortgage on it. :rotfl: