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Property is the best long term investment you can make, rather than gamble recklessly on things like bitcoin which is down 15% in the last year.
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It is incredible how good property has been but the economics are impeccable. Same amount of land or slightly less, currencies all get worth less and the population of human beings goes up. Only one outcome in the long run. I can remember when Cotswold cottages sold for £50 and some were demolished for the stone.
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One company I did business with were based in South Wales. While there I stayed at a nice b and b. On one visit, at breakfast I met a young lady lawyer who was currently based in London but came from South Wales originally. She told me she was there buying up rows of former miners houses in villages where they were selling for under a grand. They were obviously very run down but intact. That was roughly twenty years ago, so she has probably made a right few bob.
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Houses have become a little more
affordable to some folk, who were able to save deposit in lockdown, away from temptation, and sometimes working from home. higher interest rates and fuel prices will maybe see this as a bit of a blip as disposable income is hit. |
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https://www.rightmove.co.uk/properties/121691483#/?channel=RES_BUY
. This is typical of the property that lady lawyer was buying up. |
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I'd agree longterm that property
has a way to go |
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Property is heavily subsidised ie people who can’t afford to buy nevertheless do have a home and therefore not subject to market forces in the true sense . It’s not therefore truly about supply and demand
And it is possible that a large increase in population could mean property prices fall |
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There were flats in Newcastle, Benwell,
that were sold for 50p each. Was a down and out area at time, which had suffered as a sink estate. They go for around £45k now, so a long way to go still, but.. |
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That is what will happen imo
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Theres a great disparity between areas
You could have lived in a 5hit hole bought your property and made very little compared to having invested in any indecies you care to mention |
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Good ,well paid , secure jobs are rapidly reducing - while the population is rising
That has to factor in at some point |
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Aaaaaand dip
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Support down here around 4535/40 s+p
lose that we go further down |
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politicspunter
31 Mar 22 11:21 Joined: 20 Mar 18 | Topic/replies: 37,176 | Blogger: politicspunter's blog Property is the best long term investment you can make, rather than gamble recklessly on things like bitcoin which is down 15% in the last year. You make yourself looko silly with these comments Please stop for your own sake |
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Well, I retired at fifty five after running a very successful business, I own three properties outright and probably have more money than I will ever need. What am I doing wrong, in your opinion?
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Talking about it on here.
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lol Johnny
pp, the comments are just silly mate.. turn it in well done on your property portfolio but beware very high inflation/credit freeze ups/ affordability crisis etc etc things can happen very quickly in this environment and diversity will be key |
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Johnny, if folks wish to gamble on volatile, very risky things such as bitcoin, that's up to them. I found that hard work and loyalty to customers was a successful strategy that enabled me to enjoy my retirement.
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Credit? I don't have any loans, higher purchase, credit cards. I have plenty of savings and have no money worries whatsoever.
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Housing market fuel is credit
if it seizes up ... well think bigger than just yourself man |
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Lfc you have it all wrong imo
Assets will rise, we are witnessing it. |
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Nancy, get it done baby!
Make it happen! |
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Some of us understand bitcoin
Some of us don't |
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I understand that the value of bitcoin went down 15% in the last year and the value of property went up 17%.
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ok over 2 years ?
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or maybe 5 years ?
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And property is up 17% over a year
That's good How much did necessities go up in the same period ? Are you much better off ? Think |
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Relative terms amigo
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Who knows where bitcoin will be in two or five years time? One thing that will be fairly certain though is that if property values have gone down, it won't be by a significantly damaging amount if you own the properties outright.
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Put it this way, I wouldn't put money into something like bitcoin in the hope that it shoots up and I cash out before it collapses again.
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Being diverse in such a dangerous environment is not about 'gaining' necessarily
It's about protecting what you have worked hard for For instance people buy gold to keep outside of the 'system' to protect generational wealth especially during high inflation or stagflation If we go anywhere near hyperinflation watch out many assets will not keep relative pace |
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If you don't like the wild swings of bitcoin what about gold for a diverse form of protection ?
being all in on property carries it's own risks |
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Hold on, I thought we had reached hyperinflation and you said property prices would collapse? They have gone up 17% in the last year.
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I didn't say that
You don't understand I;m trying to show you |
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On the contrary, I am trying to help you.
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during hyperinflation house prices would rise too but not as quickly as hyperinflation
that simple it's your purchasing power that collapses |
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lol
ok punter |