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Do you think the market will crash?
Comments
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dolce_vita wrote: »It's a fund which contains some solid large cap holdings such as BP, Vodafone and marks and spencer along with more riskier and volatile holdings.
Should produce a decent return over the long term.
Thanks.
That's one down.
Anyone wanna buy a house?!Everything that is supposed to be in heaven is already here on earth.
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Were you around during the last crash Dooz?dolce vita's stock reply templates
#1. The people that run these "sell your house and rent back" companies are generally lying thieves and are best avoided
#2. This time next year house prices in general will be lower than they are now
#3. Cheap houses are a good thing not a bad thing0 -
Yeah. I was about 12.
(that'll be a no then)Everything that is supposed to be in heaven is already here on earth.
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Then I'm afraid you're about to be introduced to the other side of the property developing coin.
When rampant HPI is no longer providing a decent part of your profit things get a lot harder. It could be a good time to give it a rest for a couple of years.
That's what I did last time and ended up in a much stronger positon than if I had carried on trying to make ends meet in a stagnant and falling market.dolce vita's stock reply templates
#1. The people that run these "sell your house and rent back" companies are generally lying thieves and are best avoided
#2. This time next year house prices in general will be lower than they are now
#3. Cheap houses are a good thing not a bad thing0 -
I may not have been there, but there's no need to patronise me!
HPI has provided 0% of my profits in the last three years - you'll see my posts from earlier regarding HPI in the West Mids. Actually, I lie. I bought a flat in London last year and did make a bit more than I was planning to but my budgets have always been based on a stagnant market and my profit margins would provide a pretty comfortable cushion in the event of price falls. Even this house I can afford to drop by quite a long way before I break even. I rent my home and keep my borrowing to a minimum. We've proved ourselves to be pretty good property developers actually, albeit small. (I'm usually very modest actually, but I'm proud of what we have acheived and the homes we have created
)
I am looking at another business opportunity actually.Everything that is supposed to be in heaven is already here on earth.
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Doozergirl wrote: »I may not have been there, but there's no need to patronise me!
HPI has provided 0% of my profits in the last three years - you'll see my posts from earlier regarding HPI in the West Mids. Actually, I lie. I bought a flat in London last year and did make a bit more than I was planning to but my budgets have always been based on a stagnant market and my profit margins would provide a pretty comfortable cushion in the event of price falls. Even this house I can afford to drop by quite a long way before I break even. I rent my home and keep my borrowing to a minimum. We've proved ourselves to be pretty good property developers actually, albeit small. (I'm usually very modest actually, but I'm proud of what we have acheived and the homes we have created)
I am looking at another business opportunity actually.
OOOOOOOOOOOOO!
Calm down I was only trying to make conversation.
I guess I touched a nerve.dolce vita's stock reply templates
#1. The people that run these "sell your house and rent back" companies are generally lying thieves and are best avoided
#2. This time next year house prices in general will be lower than they are now
#3. Cheap houses are a good thing not a bad thing0 -
I don't know for sure if the property market is going to bust but a sharp correction is looking more and more likely... and if it that happens I am really going to enjoy watching all those greedy estate agents wallowing in the mess that they have helped to create.
Harsh but I really can't help it! :j0 -
Touched no nerve, just setting things straight. I am not an 'HPI surfer', I run a business. Everything that is supposed to be in heaven is already here on earth.
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Doozergirl wrote: »Touched no nerve, just setting things straight. I am not an 'HPI surfer', I run a business.
Fair enough and best wishes to you.
I just meant that things are a lot harder when the market turns.dolce vita's stock reply templates
#1. The people that run these "sell your house and rent back" companies are generally lying thieves and are best avoided
#2. This time next year house prices in general will be lower than they are now
#3. Cheap houses are a good thing not a bad thing0 -
Do you think the housing market is likely to crash? Given the reaction to the Northern Rock crisis, it seems that people may be loosing trust in the financial boom.
So is it a good time to sell up and downsize, sell to rent, or just stay where you are? And is there a good option as to what to do with the proceeds. Maybe savings isn't a good idea after all..?
Ian, without trying to state the bleedin' obvious:
It is NOW widely accepted we are headed for a correction, unfortunately a general 'down turn' in the economy will also be evident.
Fore armed with this far from secret back drop, what course of action do you think would be prudent ?
Re. savings. All cash deposits in all established UK institutions are safe - even NR. The returns are the only variable, as are IR's, HPI, Libor, etc.
Re NR; http://forums.moneysavingexpert.com/showthread.html?t=552483anger, denial, acceptance
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