Debate House Prices


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The crashists are giving up the cause

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Comments

  • padington
    padington Posts: 3,121 Forumite
    edited 19 January 2017 at 8:45PM
    economic wrote: »
    you see a major crash at all? within next 10-15 years?

    since i have my own property i want to buy another and time it so i buy it cheap. just hoping for a crash really.

    I wouldn't be surprised to see a 5 or 10% correction around the corner. Just whilst Brexit causes job loses and before the benefits of new trade deals kick in.

    Who really knows though, the U.K. and the US Is going to walk into the unknown very soon, anything could happen I think.

    Not a time to stretch yourself too far or to count your chickens but whatever you do, make sure you own some good property or own shares in companies making the future robots or computer code. People holding neither of those might well struggle from here on in.
    Proudly voted remain. A global union of countries is the only way to commit global capital to the rule of law.
  • chucknorris
    chucknorris Posts: 10,793 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Joeskeppi wrote: »
    I can't fathom how DoucheFromNowwhere thinks he or his MS paint scribbles are significant enough for politicians or the BoE (!) to reply to. Delusions of grandeur.

    You think you've got problem fathoming him? Imagine what his parents think? Possibly even his children?
    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
  • economic
    economic Posts: 3,002 Forumite
    padington wrote: »
    I wouldn't be surprised to see a 5 or 10% correction around the corner. Just whilst Brexit causes job loses and before the benefits of new trade deals kick in.

    Who really knows though, the U.K. and the US Is going to walk into the unknown very soon, anything could happen I think.

    Not a time to stretch yourself too far or to count your chickens but whatever you do, make sure you own some good property or own shares in companies making the future robots or computer code. People holding neither of those might well struggle from here on in.

    what do you mean by "good" property?

    isnt stocks in companies making future robots very risky? all pretty much startups arent they?
  • padington
    padington Posts: 3,121 Forumite
    economic wrote: »
    what do you mean by "good" property?

    isnt stocks in companies making future robots very risky? all pretty much startups arent they?

    I woukd imagine Google, Facebook, Amazon, eBay, Samsung, Apple, and any other Similar Chinese firm et al will inherit the earth. They'll buy up all the necessary robot companies to carve the world up among themselves.

    Whether right now is the time to buy them as interest rates begin to raise, that I can't tell you.

    By good I mean where would workers for these firms want to live.
    Proudly voted remain. A global union of countries is the only way to commit global capital to the rule of law.
  • economic
    economic Posts: 3,002 Forumite
    padington wrote: »
    I woukd imagine Google, Facebook, Amazon, eBay, Samsung, Apple, and any other Similar Chinese firm et al will inherit the earth. They'll buy up all the necessary robot companies to carve the world up among themselves.

    Whether right now is the time to buy them as interest rates begin to raise, that I can't tell you.

    By good I mean where would workers for these firms want to live.

    interestingly all bar one of the companies you mention are american. another reason to be overweight US stocks long term. specially the large caps.
  • BobQ
    BobQ Posts: 11,181 Forumite
    Ninth Anniversary 10,000 Posts Name Dropper Combo Breaker
    I am still trying to understand where all these new houses are being built to reduce the demand for housing and drive prices down. Or maybe it will come from all those immigrants returning home leaving all those empty houses. Unless that happens the fall will be as a result of the post- Article 50 recession? If Brexit is the success we all hope it will be, prices will not fall, we will just see more inequality and more renting, with BTL driven out and replaced by the corporate landlords that will hoover up the houses.
    Few people are capable of expressing with equanimity opinions which differ from the prejudices of their social environment. Most people are incapable of forming such opinions.
  • Conrad
    Conrad Posts: 33,137 Forumite
    10,000 Posts Combo Breaker
    economic wrote: »
    you see a major crash at all? within next 10-15 years?

    since i have my own property i want to buy another and time it so i buy it cheap. just hoping for a crash really.

    Warren Buffet says trying to time markets is a mugs game. I agree even though I did sell my buy to let's in 06 and 07, thinking what a clever boy I was but it turned out I would have been better just holding on to them and enjoying far lower tracker rates I would have migrated to.

    Sitting about waiting for a crash really is a wasted opportunity.

    We won't get a crash anyway in the foreseeable , the market is orderly.
  • padington
    padington Posts: 3,121 Forumite
    economic wrote: »
    interestingly all bar one of the companies you mention are american. another reason to be overweight US stocks long term. specially the large caps.



    That might be because I cant speak Chinese more than anything else. I would keep an eye on the next Chinese or Indian Uber or Netflix or Facebook or Amazon etc.
    Proudly voted remain. A global union of countries is the only way to commit global capital to the rule of law.
  • padington
    padington Posts: 3,121 Forumite
    economic wrote: »
    you see a major crash at all? within next 10-15 years?

    since i have my own property i want to buy another and time it so i buy it cheap. just hoping for a crash really.



    Could happen anytime. Soviet Russia went bankrupt very quickly. Events can happen fast but the trick with property is to think like a tree. Make sure you can find the resources to stay alive and play the long game.
    Proudly voted remain. A global union of countries is the only way to commit global capital to the rule of law.
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