You've Never Had It So Good!!!

ukcarper

ruggedtoast wrote: »

The privileged boomer elite might 'rejoice' at these price rises, but for hard pressed young families it is just another headline of misery; a million reasons why their simple dreams of owning a house have been pushed further out of reach.

I know for some reason you hate boomers but you might be surprised to hear that not all boomers think the way of MrRee.

moneyinmypocket

The boomers are the kings of society having worked hard all their lives. Yoof should respect their elders

GeorgeHowell

Daniel54 wrote: »

As it is not the current policy of either of these parties to join the Euro,this comment lacks truth and is anyway off topic.

Actually I suspect there are more paper pension millionaires than there are paper property millionaires

Either way,I agree that being a millionaire now does not have the same cachet and spending power as it used to -maybe that is why the truly rich are now described as multi millionaires ( or even billionaires !)

Reading comments from the likes of Mr Ree are a great reminder to always keep complacency at bay in our financial dealings.

I didn't say it was stated policy, it's my opinion of where they'd really like to take us, because I think they believe in the Uk as part of a federal Europe.

And it's not off topic because conversion to Euro would immediately increase the absolute value of all wealth held in the new currency (not in real terms of course).

Try thinking before you write.

MrRee_2

And, today, another bunch of young people bought their first home using cheap money .... by limiting the return on that money for the elderly and thus putting the boomers into poverty.

Daniel54

GeorgeHowell wrote: »

I didn't say it was stated policy, it's my opinion of where they'd really like to take us, because I think they believe in the Uk as part of a federal Europe.

And it's not off topic because conversion to Euro would immediately increase the absolute value of all wealth held in the new currency (not in real terms of course).

Try thinking before you write.

Thanks for clarifying that your comment was based purely on personal supposition.

The fact that you can be a millionaire in one currency but not another seemed rather obvious,but thanks also for confirming that was your point.

Conrad

The HPI journey is the way we save, a wealth conveyor open to millions of us.


Many downsize in later life or even withdraw some tax free equity to invest.


For most of us at outset it's a bit daunting and depressing but once aboard millions of us benefit.


I would say most of my contemporaries are benefiting.
My young children will one day enjoy the same ride.




When I purchased in 2001 for £327000, it felt like a vast and scary number, it's never been easy.

Daniel54

£327,000 is still a scary number and would have been huge in 2001.Have you added an extra zero or were you earning exceptionally well?

There was an article in Sunday Times Money yesterday comparing return on the stock market against return on property taking 1989 as the start point.The stock market return with dividends reinvested was significantly higher

Obviously one could take a different start point and the figures would be different.The noughties were a poor decade for stocks and shares in comparison with UK property.

I agree that investing in your own home will always be the best investment.Outside of that, the article served to emphasise the importance of diversification when saving ,in particular for retirement

lisyloo

There was an article in Sunday Times Money yesterday comparing return on the stock market against return on property taking 1989 as the start point.

Did it compare it geared though? or was it just a straight comparison.
Most pople gear up their deposit.
e.g. £10K deposit, but £200K invested in property rather than just £10K in shares.

The devil is in the details.

Obviously the person putting their deposit into S7S would need somewhere to live too.
I've bought my house now and 45 years (estimated :-) of rent free living is what swings it for me.

Daniel54

lisyloo wrote: »

Did it compare it geared though? or was it just a straight comparison.
Most pople gear up their deposit.
e.g. £10K deposit, but £200K invested in property rather than just £10K in shares.

The devil is in the details.

Obviously the person putting their deposit into S7S would need somewhere to live too.
I've bought my house now and 45 years (estimated :-) of rent free living is what swings it for me.

I don't have my copy with me and won't pay Murdoch his online access fees.

It was about property as an investment -so BTL rather than your home.Then comparing cumulative return,being asset price increase plus income ( rents or reinvested dividends).Roughly it was 4 % annualised for a BTL and 8% annualised from the stock market.

There was a separate sidebar covering the positive and negative issues of gearing through a BTL mortgage ( that gains and losses are magnified through the gearing)

So in many ways it was quite simplistic and did not say if they covered tax issues,as dividends are more lightly taxed than rental income

On that simplistic basis,it said that their calculations were that if you invested say £50k in a rental property in 1989 your return would have been roughly half of the return from investing in the UK stock maker with dividends reinvested.

I'm guessing their target reader was someone looking to invest a lump sum for retirement

MrRee_2

It's been proved over and over again that buying a property is the best investment anyone can make.

Rent, if you wish, but bear in mind that you will have nothing to show for what it costs you.