Originally posted by SeededLoaf
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House price crash signs
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First Law of Contracting: Only the strong survive -
They've certainly fallen quite a bit on prime property in London (foreign investors market). I'm not certain if that'll feed through to the main market, in the rest of London prices are stagnating rather than falling or even rising slightly.
Still Im glad Ive divested out of property, although having most of the proceeds in the stock market does cause a little worry. However my guess is the world economy has finally come out of the great recession and we have at least a couple of years of growth ahead. World economy growth that is, UK growth will slow down and peter out in a couple of years.Hard Brexit now!
#prayfornodealComment
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Originally posted by squarepeg View PostYes. It's all about you.
There is a long standing joke on here about AtW and his inability to buy property at the right time. Oh and the fact he needs a new sofa..."You’re just a bad memory who doesn’t know when to go away" JRComment
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Originally posted by SueEllen View PostOh and the fact he needs a new sofa...…Maybe we ain’t that young anymoreComment
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Originally posted by sasguru View PostThey've certainly fallen quite a bit on prime property in London (foreign investors market). I'm not certain if that'll feed through to the main market, in the rest of London prices are stagnating rather than falling or even rising slightly.
Still Im glad Ive divested out of property, although having most of the proceeds in the stock market does cause a little worry. However my guess is the world economy has finally come out of the great recession and we have at least a couple of years of growth ahead. World economy growth that is, UK growth will slow down and peter out in a couple of years.Comment
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Originally posted by SeededLoaf View PostI can't see the bubble bursting until interest rates rise.
Considering they been so low for so long, it would surely be a disaster for the economy if they went up?
However right now there's a choice. The BoE can choose not to put them up. Or put them up very slowly, that would be a good choice right now. But I bet you in the not to distant future they'll have no choice. And they'll need to put them up quickly. You don't have to look to far back in time, late 80's when inflation was nearing 6% interest rates had to increase at one point 14%.
The next two years will be very interesting for the UK. My advice would be to get those mortgage rates fixed. 10 year plus. Just do it. You'll thank me later. Or better still sell up and rent for the next few years."Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark TwainComment
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Originally posted by diseasex View PostI sold everything too and sitting on cash. Got only 30k in US stocks which i'm selling within a month. Moving to Australia so will need cash for property there. Might be wrong but market won't be great for time being, but if theres crash i'll be on buyers side"Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark TwainComment
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Originally posted by scooterscot View PostUse that cash to buy cryptocurrencies. Perhaps Litecoin in particular.
Was looking at index trackers but their yield is tulipe. 60% over 10 yearsLast edited by diseasex; 26 April 2017, 09:43.Comment
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Originally posted by diseasex View PostSo you can sell haha? Thinking of some tangible asset now for a change. HMO perhaps
I put ~£5k in crypto a couple of month ago. Can sell them for ~£65k today. But I'm holding. So many interesting idea coming out."Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark TwainComment
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Originally posted by scooterscot View PostThen buy land. You can never go wrong with land.
I put ~£5k in crypto a couple of month ago. Can sell them for ~£65k today. But I'm holding. So many interesting idea coming out.Comment
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