London Has Peaked

Bubble_and_Squeak

ukcarper wrote: »

Bubble_and_Squeak wrote: »

It's possible to get about 3% at the moment but that is taxed.


My house has increased in value by about £70k since 2007 about 25%, on top off that I'm saving rent of £1300 a month which is a return of 5.5% on value in 2007. if I had invested the value of the house in 2007 at 2.25% it would now be worth about 7% less than house assuming no tax and of course I would have had to pay to live some where.

boring calculations
haven't you got anything better to do than engage in mathematical battles with fools on message boards?

System

Seriously guys quoting a post isn't that difficult.

robmatic

Bubble_and_Squeak wrote: »

ukcarper wrote: »

boring calculations
haven't you got anything better to do than engage in mathematical battles with fools on message boards?

Sums are quite important.

You would do much better in life if you could do them.

Bubble_and_Squeak

i must confess
i made an erroneous post
implied that i haven't suffered a rent increase in 10 years of renting in london but i just remembered i took a hit of about £35 a month approximatley 5 years ago

ukcarper

Bubble_and_Squeak wrote: »

boring calculations
haven't you got anything better to do than engage in mathematical battles with fools on message boards?

I find it quite enjoyable, it's good to see you realise what you are.

chucknorris

Bubble_and_Squeak wrote: »

chucknorris wrote: »

na, most of it is ISA
just shy of £20k in one of those current accounts that you pay a few quid a month to get a good interest rate
the rest is in a normal savings account which i think pays 2%.

dividends on ftse investments will fall in the medium term as we move to low inflation/deflation. there is very little chance of capital growth in such an environment.
you might get a short term boost from QE, which will enable you to cut your losses.

Normal savings account at 2% less 40% tax = 1.2% net, less inflation = nowt/negative.


Surely you are not presenting yourself as an expert on capital growth, after viewing and not buying houses circa £275k last year and seeing them rise to around £350k?

Bubble_and_Squeak

robmatic wrote: »

Bubble_and_Squeak wrote: »

Sums are quite important.

You would do much better in life if you could do them.

there is much more to life than money!

ukcarper

Bubble_and_Squeak wrote: »

there is much more to life than money!

That's true and that is why most people buy a home when they can afford and want one rather than messing around trying to time market.

Bubble_and_Squeak

chucknorris wrote: »

Bubble_and_Squeak wrote: »

Normal savings account at 2% less 40% tax = 1.2% net, less inflation = nowt/negative.


Surely you are not presenting yourself as an expert on capital growth, after viewing and not buying houses circa £275k last year and seeing them rise to around £350k?

i'm not a higher rate tax payer
the house i saw in tottenham for £275k was the first one i had viewed. maybe a should have seen a bubble coming but i didn't.
i doubt anyone on here did either.

Bubble_and_Squeak

ukcarper wrote: »

I find it quite enjoyable, it's good to see you realise what you are.

a load of boring numbers on a spreadsheet