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House Price Crash Forum

srh76

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About srh76

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    HPC Newbie

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  1. I think anyone who thinks house prices will rise, in the short to medium term, seriously needs to reassess their information sources. As for gold, until economies around the world are generally looking stable and healthy, gold will be a good place to have your money. If not gold then what? Sterling? Dollars? FTSE? I know which one I sleep safer holding. The gold prices are less a bubble, than a result of increasing anxiety about having money in economies that are increasingly built on toxic debts and expected inflation down in the future. I don't see that changing anytime soon.
  2. As a fairly new investor, I too was a little spooked by the sudden drop. However, I couldn't shake the feeling that too many economies are in a poor state for it to stay down. As predicted by Gman it shoots back up a few days later. Now very very happy I didn't listen to the 'bubble has burst' merchants and bottle it at the bottom. Also there are a lot of people far more informed than me advising people to take advantage of the temporary drop in price of gold, and saying it's about the only safe thing to have your money in right now. Reckon I'll stick with what I've got and hopefully that'll
  3. I think a CGT on 2nd homes is 100% the right thing to do. I appreciate the frustration of people trying to make their money work better for them. But the practice of using homes as a replacement for pensions and savings has been at the expense of people in their 20s (and 30s) being able to afford to get onto the property ladder. It has been far too easy an option to make very easy money for too long, which is why so many people have been buying the second homes, which has in turn driven prices up and put is into the situation we are in now. It is not the fault of 2nd home buyers, as anyone w
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