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House Price Crash forum > House Prices > Economics
Ked
Obviously, nothing is 100% guaranteed (sorry CG) but, how exactly do YOU protect yourself?

  • Inflation is looking like it could destroy savings held in fiat cash
  • Property bubble has burst and it's finally started it's meteoric decent to the bottom and is likely to stay there for years
  • Commodities constitute an even more enormous bubble are looking like the final resting place of speculators who have bounced from property and dotcom stock before that
  • Gold - sigh, whilst it may make a good inflation hedge it's not somewhere most people would feel comfortable putting more than 10% of their wealth.


Is it even really possible to protect yourself in this climate?


Wigler
Knowledge, experience, relationships (friends, family, business) real assets that generate cash.
JoeDavola
I have about £40K of savings that I've worked bloody hard and made sacrifices to accumulate, and I get the feeling it's all going to get eroded to next to nothing over the next few years.

But how do I protect myself from inflation? Houses here in Belfast are still horrendously overpriced, so I wouldn't buy one even if I could.

Gold and Oil look to me like they could be driven up by speculation in the same way houses were.

I sometimes think I should quit my job and blow the whole lot travelling the world. At least get some interesting experiences behind me rather than sink it all into a house.
Weasel
QUOTE (Ked @ Jun 19 2008, 01:39 PM) *
Is it even really possible to protect yourself in this climate?


Cgnao will protect and lead you to the promised land. laugh.gif
poorman
QUOTE (JoeDavola @ Jun 19 2008, 06:52 PM) *
Gold and Oil look to me like they could be driven up by speculation in the same way houses were.



I believe that we had sown the seeds of our own downfall through greed. The problem is everything now has a for sale tag on it. You can not live your life without being involved with money. But money will only really benefit a small percentage of people.
AdV
QUOTE (JoeDavola @ Jun 19 2008, 06:52 PM) *
I have about £40K of savings that I've worked bloody hard and made sacrifices to accumulate, and I get the feeling it's all going to get eroded to next to nothing over the next few years.

But how do I protect myself from inflation? Houses here in Belfast are still horrendously overpriced, so I wouldn't buy one even if I could.

Gold and Oil look to me like they could be driven up by speculation in the same way houses were.

I sometimes think I should quit my job and blow the whole lot travelling the world. At least get some interesting experiences behind me rather than sink it all into a house.


Do it. No material possessions will ever way up to the experience of seeing the world.

And house prices will be so cheap in a few years that you won't need a substantial deposit to buy one.
Saberu
QUOTE (JoeDavola @ Jun 19 2008, 05:52 PM) *
Gold and Oil look to me like they could be driven up by speculation in the same way houses were.


Gold hasn't bubbled yet so if you bought now you wouldn't lose anything, the clever people will make money by selling at the top of the gold bubble that will eventually occur. However everyday people can still preserve their wealth in gold if they invest now.

As alternative investments go, property abroad in certain countries is good be careful though as property has bubbled in almost all Western countries as well as the big cities in some non-western countries.
investmentpropertyservices
QUOTE (Wigler @ Jun 19 2008, 03:26 PM) *
Knowledge, experience, relationships (friends, family, business) real assets that generate cash.


I changed from full time property investor to part time.
I now started a cash flow generating internet business.
Full Time working from home but I still invest in Property abroad
gravity always wins
QUOTE (investmentpropertyservices @ Jan 6 2009, 05:59 AM) *
I changed from full time property investor to part time.
I now started a cash flow generating internet business.
Full Time working from home but I still invest in Property abroad

You can't make money out of property developing (or you would still be doing it full time) so you set up a website telling other people how to make money doing the very thing you have stopped doing because it is no longer profitable.

You are a parasite!

Crawl back under the rock.
The Smart Money
QUOTE (gravity always wins @ Jan 6 2009, 10:32 AM) *
You can't make money out of property developing (or you would still be doing it full time) so you set up a website telling other people how to make money doing the very thing you have stopped doing because it is no longer profitable.

You are a parasite!

Crawl back under the rock.


laugh.gif priceless, great put down................its not even a professional looking website..........amatuer

I see these types all of the time, thinking they are big shots, small brains = big egos (small c*cks)
Ferienwohnung oder Apparte
I have 2 residential properties. When crisis comes, I'm going to put up the other property for rent so that I can have continuous income. I think my properties are my protection and security for my future.
stumpy
QUOTE (JoeDavola @ Jun 19 2008, 05:52 PM) *
I have about £40K of savings that I've worked bloody hard and made sacrifices to accumulate, and I get the feeling it's all going to get eroded to next to nothing over the next few years.

But how do I protect myself from inflation? Houses here in Belfast are still horrendously overpriced, so I wouldn't buy one even if I could.

Gold and Oil look to me like they could be driven up by speculation in the same way houses were.

I sometimes think I should quit my job and blow the whole lot travelling the world. At least get some interesting experiences behind me rather than sink it all into a house.


I suppose if your a homeowner your pretty much tied in. I recently got divorced and got a fair settlement in cash because I agreed to let other half stay in the house.
I was going to go back to France but that would not have been a good idea as a lot of English are coming back because of the exchange rate.
So what I did was buy a cheap residential caravan on the coast lol. I can hear you lot laugh but I am covered for two years at a cost of 7.5k all in. Have to be out for six weeks every year so off to Cyprus. If 2010 doesnt see things sorted then will have another year here. Women are gorgeous. I dont suffer inflation as I dont need to spend. Interest is good enough for everyday costs and as we all know we will get over this and if we dont it wont matter, I will be suntanned and you lot will be sweaty from work and very stressed. I can send details for 150cash, cheap at alf the price I reckon. Best things in life are almost free.
geoffk
QUOTE (Ferienwohnung oder Apparte @ Jan 8 2009, 06:28 AM) *
I have 2 residential properties. When crisis comes, I'm going to put up the other property for rent so that I can have continuous income. I think my properties are my protection and security for my future.


you are already in the shit..your two assets are losing you 4k a month.....they will be your downfall not your protection
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