Telegraph, LLs losing money each month in ten out of 11 British regions

Garethgrew

somethingcorporate wrote: »

I've been a LL in the past and escaped last year. I wouldn't go back in with all the negative changes that have been made - far better places to put money than tying it up in a proprty.

Where else? Stock market? No thank you not while still up at these highs.

Precious metals? Maybe, we are at the lows, but who knows when they will go back up?

Crashy_Time

Garethgrew wrote: »

Where else? Stock market? No thank you not while still up at these highs.

Precious metals? Maybe, we are at the lows, but who knows when they will go back up?

The FTSE is lower than 15 years ago, it is property that is at unsustainable highs. Not saying the markets can`t go lower, but investing in property now is madness, especially in London.

mwpt

Crashy_Time wrote: »

The FTSE is lower than 15 years ago, it is property that is at unsustainable highs. Not saying the markets can`t go lower, but investing in property now is madness, especially in London.

But you said that last year, and probably the year before, and the year before, and the year before .... I also thought it was madness but in the end, you can't deny reality. Reality is, whatever the reasons you and I were wrong. It didn't crash and got increasingly expensive. That sucks, but it is reality.

I fully expect it to correct/crash at some point in the future but I cannot tell where that point will be. What if you're wrong for another few years again? Will you admit it or will you continue to ignore that point?

Crashy_Time

mwpt wrote: »

But you said that last year, and probably the year before, and the year before, and the year before .... I also thought it was madness but in the end, you can't deny reality. Reality is, whatever the reasons you and I were wrong. It didn't crash and got increasingly expensive. That sucks, but it is reality.

I fully expect it to correct/crash at some point in the future but I cannot tell where that point will be. What if you're wrong for another few years again? Will you admit it or will you continue to ignore that point?

Doesn`t affect me whether it crashes or not, I am financially secure either way. My bet is that it is going to crash hard though, like gangbusters on speed.

AG47

Crashy_Time wrote: »

Doesn`t affect me whether it crashes or not, I am financially secure either way. My bet is that it is going to crash hard though, like gangbusters on speed.

How are you secure either way? If there is a currency crisis then cash under the mattress will become worthless and less.

Only monetary precious metals are secure whatever happens.

mayonnaise

AG47 wrote: »

How are you secure either way? If there is a currency crisis then cash under the mattress will become worthless and less.

Only monetary precious metals are secure whatever happens.

Like silver?

Crashy_Time

mayonnaise wrote: »

Like silver?

Yes, looks very secure that one.

Electrum

mayonnaise wrote: »

Like silver?

Exactly, do you want to invest in something thats is way down or something that is way up?

If you turn that chart upside down it looks like property :rotfl:

Which one do you think has the healthiest future?:beer: