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Never Mind The Crash... when is the recovery? Rate Topic: -----

#1 User is offline   #1 on West side 

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Posted 09 March 2007 - 03:20 PM

We have been talking a lot about reasons for HPC, have predicted it with varied evidence, are ABSOLUTELY positive that it is going to happen, etc.etc.
Let's just for argument sake assume that we are on the top of the cycle and that the downturn is imminent.
Surely the downturn will be followed by an upturn (it's CYCLIC, remember?). When is this upturn and will it then simply grow to even higher values than currently?
In other words: Can someone please correct my view that property is a very good long-term investment and it thus doesn't matter if you buy before a downturn as long as you wait long enough for the upturn.
When do you predict the market to reach its bottom?

I obviously assume that the buyer is not daft and overextends himself and has to sell at a loss, etc. etc.

P.S. Definition of Long Term Investment : a failed short term investment! :lol:

#2 User is offline   drminky 

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Posted 09 March 2007 - 03:29 PM

well, if you look at the graph on the front page you notice that historically the peaks and troughs are very symmetrical. Assuming we continue on a similar symmetrical pattern, we can happily expect the next peak to hit in, oh about..

2026!! :o

which suggests that 2016 should be a great time to buy!! :blink:

..keep saving! :P

#3 User is offline   Kam 

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Posted 09 March 2007 - 03:41 PM

2026 is about when all the baby boomers start to pop their clogs
"The modern banking system manufactures money out of nothing. The process is perhaps the most astounding piece of sleight-of-hand that was ever invented. Banking was conceived in iniquity and born in sin. .........But if you want to continue to be slaves of the bankers and pay the cost of your own slavery, then let the bankers continue to create money and control credit."
Sir Josiah Stamp. (1880-1941) Director at the Bank of England in the 1920's, the second richest man in Britain.

#4 User is offline   Flat Bear 

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Posted 09 March 2007 - 06:09 PM

View Postdrminky, on Mar 9 2007, 03:29 PM, said:

well, if you look at the graph on the front page you notice that historically the peaks and troughs are very symmetrical. Assuming we continue on a similar symmetrical pattern, we can happily expect the next peak to hit in, oh about..

2026!! :o

which suggests that 2016 should be a great time to buy!! :blink:

..keep saving! :P


That sounds about right
The whole history of the world is summed up in the fact that, when nations are strong, they are not always just, and when they wish to be just, they are no longer strong.
W.C.
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