Why houses prices will always go up and up long term

chucknorris

Thrugelmir wrote: »

Good timing. 16 years of unbroken economic growth and prosperity may have helped you achieve your return. There's no such good news on the horizon I feel for investors now. So initial yield will be evermore important. As capital growth may be in short supply.

Property is a long term investment you should be looking at the next 20 years (or so). There is no way that you can say that the next 20 years look bleak, it is best to invest in a downturn (or shortly after) not when the economy is booming.

When I bought everyone I knew said that I was mad because the market was depressed. But as I said it is not for everyone, as obviously not for you.

Thrugelmir

chucknorris wrote: »

When I bought everyone I knew said that I was mad because the market was depressed. But as I said it is not for everyone, as obviously not for you.

Haven't the time to run a business like this.

Seen people make fortunes and also lose them over the years. People that make serious money work 24/7 and reinvest back into the business. The BTL boom, as that's what it is, i.e. didn't exist before 1998. Gives the impression its easy to make money for doing absolutely nothing other than leveraging up with debt. (If only it was that easy).

That's why I err on the side of caution. As financial crisis are not new. Been around for hundreds of years in fact. As the saying goes. "This time is different". Which it never is. History will carry on repeating itself.

chucknorris

Thrugelmir wrote: »

Seen people make fortunes and also lose them over the years.

That is another reason why I won't invest further, I have made my money now. I am in a different position and as I have enough money, there is no point in taking on risk to gain money that I don't need.