Recession?

HenryWeston

LandyAndy wrote: »

Take any ten year period in the last seventy and the price of houses has been higher at the end than at the beginning. History isn't everything but it is better than hysteria.

Have you taken inflation into account ?

dolce_vita

tell me something Gen- you mention JP Morgan- I've got a few quid invested in their "natural resources" fund. Will this be affected by their exposure to this bad debt or is it all separate?

Generali

dolce_vita wrote: »

tell me something Gen- you mention JP Morgan- I've got a few quid invested in their "natural resources" fund. Will this be affected by their exposure to this bad debt or is it all separate?

Should be kept separate as it's 'client money' AFAIK. CSFB got a multi-million £ fine a few yrs back for not keeping theirs separated properly (to the extent that they spent most of the interview I had with them a few yrs back asking me if I understood it).

dolce_vita

Generali wrote: »

Should be kept separate as it's 'client money' AFAIK. CSFB got a multi-million £ fine a few yrs back for not keeping theirs separated properly (to the extent that they spent most of the interview I had with them a few yrs back asking me if I understood it).

Cheers Gen.

I'll just keep my fingers crossed then.

After all, it is a long term game.

Generali

dolce_vita wrote: »

Cheers Gen.

I'll just keep my fingers crossed then.

After all, it is a long term game.

Yup. Especially in commodities investing. There's a very long investment cycle in commodities IMHO.

vivatifosi

hellies,

Congratulations on the pregnancy!

I bought my first house in 1988 and it took ages for it to regain its value following the 1991 HPC. I wasn't in neg eq because of the deposit. However it was a one bedroom starter home, and where I live it was starter homes and flats that took the absolute full blast of the falls - down 30-40%, against smaller falls on larger homes. These houses were hit worst because relatively there was little you could do if you fell into difficulties - you couldn't rent out rooms and weather the storm for example. It did make money in the longer term though and is now worth 3 times what I paid for it (though not with me in residence).

Whatever happens to the market you can guarantee two things: firstly, the market will not behave exactly as it has before (which is why people find it so hard to call) and second not everyone will be impacted the same.

As many of the other posters have said, only you know your personal situation, so only you can know what is right for you. It may be that your partner has other issues that have led him to come to these ideas. He may be worried about how he is going to manage being the main breadwinner while you are on maternity leave. I just have an inkling that he has other worries that have triggered this one, and you maybe need to sit down, work out what you need and put each others' minds at rest.