Debate House Prices


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Are the eternal optimists on here still feeling optimistic?

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Comments

  • wotsthat
    wotsthat Posts: 11,325 Forumite
    Crashy_Time wrote: »
    Most people doing BTL don`t have much personal wealth, they thought BTL was the way towards that, but they were wrong.

    Just another throwaway line that would pass for fact in your circle of trust.
  • shortchanged_2
    shortchanged_2 Posts: 5,546 Forumite
    http://www.bbc.co.uk/news/business-29630624

    Come on Mayo and co. Give us some positive news about this release. The so called recovery is looking more and more like the false dawn many of us suspected.
    Why are we here?......................because we are not all there.
  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    wotsthat wrote: »
    Just another throwaway line that would pass for fact in your circle of trust.


    If you had lots of wealth, why would you get involved in BTL?
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Crashy_Time wrote: »
    If you had lots of wealth, why would you get involved in BTL?

    You wouldn't. You would just To Let.
  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    Thrugelmir wrote: »
    You wouldn't. You would just To Let.


    As opposed to Toilet, where many on here are headed. (Cue lots of unfunny comments about HMO`s etc......Yawn.)
  • wotsthat
    wotsthat Posts: 11,325 Forumite
    Crashy_Time wrote: »
    If you had lots of wealth, why would you get involved in BTL?

    Some people aren't muppets who think the only form of wealth is cash in the bank? BTL isn't for me but diversify in other ways. Holding only cash seems like a risky lack of diversification.

    In your situation with your alleged cash savings I'd buy with a mortgage. Then you'd have some cash, a property and some debt - much safer way to preserve wealth.
  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    wotsthat wrote: »
    Some people aren't muppets who think the only form of wealth is cash in the bank? BTL isn't for me but diversify in other ways. Holding only cash seems like a risky lack of diversification.

    In your situation with your alleged cash savings I'd buy with a mortgage. Then you'd have some cash, a property and some debt - much safer way to preserve wealth.


    I didn`t mention cash. I may buy with cash in the future, or with a mortgage, but not into the collapse of the biggest property bubble in history, that would be the action of a muppet.
  • wotsthat
    wotsthat Posts: 11,325 Forumite
    Crashy_Time wrote: »
    I didn`t mention cash. I may buy with cash in the future, or with a mortgage, but not into the collapse of the biggest property bubble in history, that would be the action of a muppet.

    Who are you kidding? You're all Mr. Crash on the outside and Mr. building society book on the inside.

    Where do you keep your wealth then? Why not educate the Sheeple?
  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    wotsthat wrote: »
    Who are you kidding? You're all Mr. Crash on the outside and Mr. building society book on the inside.

    Where do you keep your wealth then? Why not educate the Sheeple?


    Not really sure what you mean to be honest, I think house prices are in a bubble, and that the global economy is due some serious trouble, but other than what I have already posted my financial details are not going out on a public forum.
  • chucknorris
    chucknorris Posts: 10,793 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Crashy_Time wrote: »
    I have already posted my financial details are not going out on a public forum.

    You have had a swipe at others' portfolios:
    Crashy_Time wrote: »
    people who think BTL is an "investment" usually don`t have any clue how to find other profitable investments.

    So it is fair enough to ask you about yours. You don't have to give private info away, just stick to percentages, mine are:

    2% cash
    9.5% DB pension
    19% shares
    20% home
    49.5% investment property
    Chuck Norris can kill two stones with one birdThe only time Chuck Norris was wrong was when he thought he had made a mistakeChuck Norris puts the "laughter" in "manslaughter".I've started running again, after several injuries had forced me to stop
This discussion has been closed.
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