I'm up 50k in 20 months

Loughton_Monkey

padington wrote: »

Haha. Paddington was.

I however am just crap at spelling. :eek:

Are you related to either Whinney the Poh, Or Roopert Bear?

gazzabboi

padington wrote: »

This really was down to the rational of Hamish

Gobble Gobble, my hero Hamish, you changed the world :rotfl:

padington

gazzabboi wrote: »

Gobble Gobble, my hero Hamish, you changed the world :rotfl:

You may jest but we're talking about life changing amounts of money. Estate agent called me up again last week and offered 400k. That's 116k in less than two years.

If I put my price of my place on gold and silver in the winter of 2011 instead of buying property and followed the advice of some others to its natural conclusion, I would own almost half a London house less than I do now.

Food for thought and praise where praise is due.

gazzabboi

padington wrote: »

You may jest but we're talking about life changing amounts of money. Estate agent called me up again last week and offered 400k. That's 116k in less than two years.

If I put my price of my place on gold and silver in the winter of 2011 instead of buying property and followed the advice of some others to its natural conclusion, I would own almost half a London house less than I do now.

Food for thought and praise where praise is due.

Thats good for you, and congratulations. Hamish knows his stuff and can give good advice. But you cant seriously believe Hamish had any influence on house prices rising.

padington

gazzabboi wrote: »

But you cant seriously believe Hamish had any influence on house prices rising.

Nope, where did you get that idea from ?

Simple concept really, I followed the advice of the property bulls and am bloody glad I did.

The end.

HAMISH_MCTAVISH

gazzabboi wrote: »

my hero Hamish,

padington wrote: »

You may jest but we're talking about life changing amounts of money.

Food for thought and praise where praise is due.

gazzabboi wrote: »

Thats good for you, and congratulations. Hamish knows his stuff and can give good advice. But you cant seriously believe Hamish had any influence on house prices rising.

So anyway.....

I'm not particularly 'bullish' on house prices in the way that some others are.

I look at the fundamentals of supply and demand, and at the artificial constraints on the market such as mortgage rationing, and at the economic and political reality.

Then I determine what I think are the most probable outcomes, and discuss them online.

So far this has led me to believe that the natural trajectory of prices at the moment and for the foreseeable future is upwards, and only wholly unprecedented and artificial disruptions to the market are keeping prices low.

Some day that will change.

We will build enough houses, or affordability will stretch too far, or whatever, and if the facts change I'll change my outlook to bearish.

But not today....:D

Loughton_Monkey

gazzabboi wrote: »

......But you cant seriously believe Hamish had any influence on house prices rising.

For some while, I was putting it all down to Hamish.

But then I realised that if Hamish could really influence prices, he would have shoved them up by three or four times the actual rise. So I'm now starting to have doubts.....

ruggedtoast

Have you considered bitcoins?

mayonnaise

dryhat wrote: »

The rise and rise of Bitcoin over the last 20 months make any returns on property seem like pennies.

And the returns over the next 20 months will again be greater than anyhthing property has to offer - even with leverage.

100% guaranteed

Any update on this rise and rise of Bitcoin and its returns compared to property?