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dispossessed

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Everything posted by dispossessed

  1. People are paying over the odds to live in an area they think is nice. They're welcome to it all. Far better value elsewhere in less popular areas and hidden enclaves which can provide better housing, situation and facilities. Given the scale of the housebuilding I could see the favourability of areas changing as traffic becomes even more of an issue.
  2. Some parts of Norwich seem to defy logic, I think it is simply supply. Unfortunately this seems to have a knock on effect with some dumps way over what they should be but I think cracks are appearing where people need to sell. I was recently up in classic North Norfolk and was rather surprised at the numbers of houses up for sale, ones which I'd say were not likely to be primary residences. Shocked though at some flats in a converted mill in Letheringsett, think they half a million plus for 2 bedrooms, stupid money. Luckily I don't need to buy and my stock market return is far outstripping returns on housing. Payback time.
  3. My latest anecdotal survey is that prices are down. One has just come up on my road and a few residents are surprised at how low it seems, me included when compared to some of the other houses about. I'll guess this one will sell.
  4. Another from Norwich, seems to be a lot of what look like ex-rental terraces on the market now.
  5. And I thought it was only supposed to be the big corporates who didn't pay their tax. These people will have a shock coming one day.
  6. If you're worried about losing money which is possible, and just want a safe return rather than spectacular I would seriously consider the funds from Trojan and Ruffer, both of which have capital preservation in mind but will both still provide a decent return. I wouldn't get too seduced by the chance of big returns or look back in envy at what you didn't choose. Your split is your call. Some of these funds hold a mix of assets anyway. On the HL site you can pull up any fund and look at its breakdown. Buy through somebody like HL for extra savings. I particularly like Troy Trojan, Troy Trojan Income, Ruffer Equity and General, Ruffer Total Return. I do however have a rather aggressively positioned portfolio with lots of emerging markets and smaller companies but my position is likely to be very different from yours. I'm just a seasoned punter so take my advice with balance from elsewhere.
  7. This is a big question. If you've no experience you should understand what you're buying. Bear in mind you don't have to transfer it all. Over 5 years you ought to be able to beat a savings account. I will go as far as saying I think you should consider it.
  8. I'm not you, but if it were me I'd keep it there. The fund manager's long term record is superb, when he retires I'd reconsider then. Just don't worry about the day to day price.
  9. From my, and many perspectives, this is good news. It is a sign that prices are are too high for the market. In a while from now, add in a revived economy, a bit of inflation, increased interest rates and higher repayments and I'd hope it suppresses prices for a bit longer. I hope the last bit isn't too much in the logic of the continuous house price rise camp but you get my drift. However, if you need to buy now it's not so good.
  10. This is not total wealth but that which the article relates to so £500M may well be right. I suspect the money has something to do with the settlement from the creation of the Italian state and the seizure of the papal states. Seems a bargain to me.
  11. Only by the day. But that day is a long way off for me, the numbers just don't add up, JJJ can see it as well. I think there's still a lot of unravelling to do and other investments are due their run. I'm looking forward to further personal house price deflation. 2013 has started well.
  12. And not say that 800,000 - 900,000 people need somewhere to live, however crowded, which put pressure on housing, which helped push up prices which has helped land us in this state of horrific national debt which we will be paying off for 20 years.
  13. Why do you feel so special? Your wife is only one of 800,000 - 900,000 people whose jobs are taken by illegal immigrants. For a moment I thought this was serious. I mean, it's only 800,000 - 900,000 people affected........ Ra Ra the benefits of immigration, legal or illegal.............
  14. Oh I love uncomrfotable truths. Horific debt burden? I do recall a significant poll whereby there were not only more English who wanted Scottish independence than Scottish ("independence for Scotland, freedom for England") but that the ratio by poulation was higher as well. What I can't fathom is why this is only ever seen as something for the Scottish to decide upon. After all, it affects all of Britain of which we are part, and perhaps the English would actually like independence from Scotland, Wales and NI. Personally, I'm for the union which makes me more in tune with Scottish, rather than English opinion. There's another uncomfortable truth Mr Salmond.
  15. Do you know, I hated Thatcher with a passion, at the moment I'm not sure if I could seperate her from Hash Brown in my list of despised politicians.
  16. ANY of that drivel from 'Fine and Country', if you've never seen it, buy the FRiday EDP for the property section and prepare to throw.
  17. Well, I find it incredulous that we still have so many immigrants coming into the country at such a time. Nice article in The Telegraph yesterday about the numbers of British born (note not indigenous British) made unemployed this last quarter against the numbers of immigrants who gained jobs. To me, it just defies immagination. What's more, just like the Ghurkas, I though the additional costs would be too great anyway?
  18. Excellent, the sooner the market stops being propped up and finds its own level the better for everybody. Can't help but feel many of these schemes for selected developers, selected developments, selected plots was a way of shifting unpopular property.
  19. Well, I'm not even looking this year now so that gives my prediction. There is little stock on the market I want and that which is left is at historical values, there are some truly astonishing asking prices so I won't even bother being cheeky. Just seen one house back on the market after having been 'sold' over Christmas at more than it was originally. Given that this is the worst financial crisis since the 30s and fully remembering the 80s, we ain't seen nothing yet. Just wait till those cuts start taking effect. This will take years to settle off and sort out. House prices don't have to crash but they will find their level at capital sum plus lent sum which means a flat flat market.
  20. Jack2, I hope you told the EA why you didn't bother. Classic case though. We sold a house in 2007 and had just dropped the price by c.5% but had a viewing based on the original. We stuck with and negotiated on the new price, best thing we ever did, it would still be for sale now if we hadn't or else sold at probably 40% off original.
  21. and ever since I've been on here telling us that the market had turned, yet even now it looks like 2011.
  22. For a retirement fund I don't think you can beat a pension if you are a 40% taxpayer (I make sure I don't pay 40% tax) so that's a great return to start. I will agree that a rental property is a useful addition to spread the portfolio and risk.
  23. I do recall that some years (pos. 2005) before the 'reduction' in house prices the average yield was c.3%. The above example would be nowhere 6% with all factors taken into account. Not to say it wasn't a bad buy though. Just that 6% is a little too rose tinted.
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