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Moneyweek predicting price rises?? Sell now!!

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Moneyweek predicting price rises?? Sell now!!

3 replies 244 views
Last time doom-mongers like Moneyweek and Capital Economics shouted buy was early 2007
They are at it again !
Should this be a sign to sell up now?


Replies

  • edited 20 February at 10:02AM
    lisyloolisyloo Forumite
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    edited 20 February at 10:02AM
    Property is a poor choice for speculation.
    For a home there are obvious issues. Moving house is the 3rd most stressful life experience, people have jobs, schools and have personalised their accommodation and there are transactional costs.
    For investment properties there are transaction costs and also the inconvenience of tenants who might not want to leave.

    there could be a few people who are already thinking of selling for whom it could be convienent e.g. in between tenants.
    in that case I think it’s a good time to sell.
    thats because I think the Boris bounce will prove to be misplaced confidence, however I have a pretty poor record on predictions or gambling (fortunately I’ve not placed any big bets).
    i certainly wouldn't listen to mags whose prime motivation is to sell magazines.

    its a big gamble unless it happens to suit you to sell now.
  • edited 20 February at 11:52AM
    phillwphillw Forumite
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    edited 20 February at 11:52AM
    lisyloo said:
    thats because I think the Boris bounce will prove to be misplaced confidence,
    I thought property prices were increasing due to lack of confidence in Boris.
    House prices always go up when people think the stock market is about to tank and need somewhere to put their money instead.
  • edited 25 February at 4:12PM
    PasturesNewPasturesNew Forumite
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    edited 25 February at 4:12PM
    I'm buying. I desperately need a home, now. To know where I'll be living. 
    If I were looking for another, an investment, a holiday place, I'd wait as waiting's not life critical. 
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