Wednesday, Mar 28, 2007
Debate: Homes or Investments?
BBC News: Head to head: Property or pension?
So should people forget about saving in a personal pension fund and just put their faith in bricks and mortar instead?
Posted by nearly30 @ 09:03 AM (156 views) Add Comment
8 Comments
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1. sovietuk said...
Says on BBC Website "So should people forget about saving in a personal pension fund and just put their faith in bricks and mortar instead?
Just about sums up the mentality of our tax payer funded state controlled propaganda Minitruth (BBC). What happens to people who can't afford property as a pension, will they have to live on cabbage stumps in their retirement? Mind you "over greedy" BTLs will hopefully be bankrupted by double digit interest rates in 5 years time.
2. george monsoon said...
Angry... frustrated and ready to punch the lights out of all the greedy VI's.
Sorry my mood is not good today, I just got my new council tax bill. I am ready for a fight.
Where is Glorious sunshine.?. I have a few lyrics of my own to vent.
I am an antichrist
I am an anarchist
Dont know what I want but
I know how to get it
I wanna destroy the passer by cos i
I wanna be anarchy !
No dogs body
Anarchy for the u.k its coming sometime and maybe
I give a wrong time stop a trafic line
Your future dream is a shopping scheme cos i
I wanna be anarchy !
In the city
How many ways to get what you want
I use the best I use the rest
I use the enemy I use anarchy cos i
I wanna be anarchy !
The only way to be !
Is this the m.p.l.a
Or is this the u.d.a
Or is this the i.r.a
I thought it was the u.k or just
Another country
Another council tenancy
I wanna be an anarchist
Oh what a name
Get pi$$ed destroy !
3. nearly30 said...
I really hope this isn't part of the Govts. pension ideas - raise retirement age, make pensioners work more (extra tax relief) and now flog off your home to pay for your living costs - or nursing home car.
Can appreciate why this is happening - not enough money and the whole system is going to fall apart - but what about people who will be retiring in 20/30/40 years time - if you have no capital - you screwed!!!
The Govt. (as seen in last weeks budget) is living on borrowed time and money. The 2p tax cut will serously effect the young - putting more pressure on their ever dwindling take home pay (rent/mortgages/student loans/pensions/debts/costs of living etc) - whilst pensioners (well the able bodied and healthy) get a nice tax concession for working longer - now that's what I call equity!!
There will be lots of losers when the Govts. 'top heavy' pyramid/hourglass economic model starts to wobble.
I'm off to start a commune!!!
4. Bear said...
About a third of my pension is invested in property of all kinds, so where do I stand?
5. royston said...
Don't worry. Your pension is already heavily invested in the property market! Who do you think has been buying the mortgage-backed bonds that the banks have been selling like hot cakes over the past few years?
6. dohousescrashinthewoods said...
@Bear
I'm no expert, but get out if you can. I suspect cash is likely to be the winning asset class, particularly if we get deflation. The stock market looks woozy and houses look like toast medium-term.
However, looks like Sterling and Dollar are toast too, so I would sell up to buy Euros and Swiss Franks, (given the stories of a couple of Gulf states and China switching to Euros).
Then sit tight while everything crumbles and buy back in in a few years' time.
Then again, what do I know, I'm no City boy. Can anyone else comment?
(aside: one of my pensions has started offering a property fund so I am putting what money I have where my mouth is and staying out. They did a similar thing just before dot-com and I only escaped because I didn't get round to switching my investments)
7. Sam said...
Me, don't have that much liquid but getting high risk ISAs for now and hopefully the next ten years (am still young'ish) based on east/far east - China/India rather than the west. also am thinking about getting some euros too. -- worst comes to worst will move them to lower risk as I get older. hopefully 70k and the interest it earns me will see me through my old age.
8. The Haunted said...
Lets hope that our pensions wont be siphoned to support the muppets that invested in property and nothing else. This kind of idiotic advise should is scandalous, the BBC should be brought up on this by the relevant authority.