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Everything posted by lookingafterthekids

  1. Muttley, The majority of ideas in the bussiness world are not original. Thats the beauty of it! Ok so he's changed his stance. What was Warren Buffet advising on in the 70's, 80's or 90's. Little bit silly if you think he's bad cuz he's changed his stance. Main home = asset or liability depends on your position. For fairly active investors it will be viewed as a liability but for joe public it will always be viewed as an asset. In fact for a lot of switched o business types, their mortgage free home is still classed as an asset as it offers the family one thing. Security.
  2. Gone west, The main word being now. He has helped lots of people I know by pointing out the benefits of being self employed without the property bit. Retrospectively the books may look a bit ropey now because they focused a little on property but you can not hold that against them. L:ook at some of the 80's books on investment and wonder at how out of favour they look
  3. Your so right. That's why the pro's do not participate. Too busy earning property profits.
  4. That jingle is bad. Very bad. Verry verry bad. Apart from the above, the thing that you forget is the fact that at the height of the last boom, loads and loads of independent agents sold out to the corporates for millions, sat back for a couple of years then started again. Although there are very few corporates looking to aquire EA's this time, the fact is that when the property market is raging, the EA's coin it in, when the market is slow, they do OK and sit it out. Like them or hate them, they do OK regardless. Remember, there will ALWAYS be a market
  5. The major slant was work for yourself. If property ( as explained) was taken as gospel then other books were probably needed. But the general Se v E was solid
  6. And whats that, stressing continually about your positions? What exactly do the "rest of you" do? Moan about the fact that you cant buy a 5 bedder fro £120k, spend every hour stuck your your screen, debate about how right you are ? The problem on here is that there are a lot of self righteous "we are right so watch it" types. Just because you do not like it and it doesnt fit in your world doesnt mean it ain't so. Sorry but thats it That's probably why the wealthy land and property owners stuck to their guns through thick and thin and now are some of the wealthiest people in the cou
  7. Bart, I have no ambition to be a top author. Too much work and not enough fun for this short life that we are given but of of course it's publishing for him He made a valid point of working for yourself then reinvesting the profits in real estate. You guys could do the same. Promote the benefits of working for yourself then reinvesting the profits in whatever the current favorite is. Gold, mining, property, or any other fickle market. Then get off your bums and write about it rather than spouting on here! Those that can do .................................
  8. And from what I can recall, the main jist is be your own boss then invest in real estate or whatever.
  9. You know what, In all this tittle tattle with you guys over the festive period I've forgotton one of my basic mantras. If you do not focus on it, you wont succeed in in it. Stood me in good stead so far. Stocks seem too time consuming and open to debate. Call me Arthur Daley of the property world. There will always be property millionairs but the other good thing about property is there wil ALWAYS be buyers Rant and rave as much as you like but if ou look there are boards full of negative posters like you predicting a stock crash tommorow. 'Spose the old saying is true: Those that can
  10. A book, a million or 7 in the bank. Hey you guys, your boat has come in
  11. And say hello to the letting goldrush and the need to sell quick cash fest. Life is about changing to suit what is happenning.
  12. What a load of sh*te. Property price increases blamed for the closure of 30 charity shops. Get in the real world Trev. Ever thought of the following reasons: Greed by the charity shops - read high prices Excessive pickiness by the shops- of 15 bags that I took to a shop, about 10 ended up in the skip Inability to sell electrical goods due to health and safety reg Ebay etc etc
  13. The people who are scared are the bandwagon jumping tail end gifted deposit "£30k instant equity", 4% yield brigade that bought shiny new city center new builds and who, if the truth be known, deserve everything they get for being so stupid, unthinking and narrow minded. But remember, there's a whole other (property) world out there.
  14. Touche guys/gals ! Never smug but always annoying. It's the only way to stimulate good debate
  15. If debt reduced and income from property (rents) is that good? Gold, havent we missed the boat or is £50k of gold in your safe always a good option? Wheres my nearest shelter? (It wont get that bad willl it ) Buy stocks but what - If things get as bad as predicted then surely most stocks will be crap short to medium term? I couldn't for for someone else as I smell. Rely on savings - of how much? MEW is for fools Got an airpistol and a jack russell????
  16. Bubb as usual a valid response. But what about the majority that are not 'active' investors whether in gold, stocks or g*g forbid, property. As I see it there is lots and lots of money to be made from commodities and \ or stocks and \ or \ property. You know my views n the big P and you may be right in saying that there are way, way better profits to be made else where but it's all about knowledge. The gold investors that you talk about made money from the out of favour gold market of 2001 onwards just as the property investors made money out of the out of favour property market of 1996 (l
  17. A site regarding HPC but a site populated by intelligent people and more importantly, a site that is accessible to the average bod. So, I ask you this: Apart from being involved in property, what will you do or put in place to avoid the coming mess? There is obvioisly a social and economic problem on the horizon but compared to previous problems, how does it compare? What I cannot understand is that surely anyone involved financially whether property, stocks and even cash during a major problem willbe f***ed. Forget the pros and cons of propert, how are you lot preparing?
  18. For buy to sell the market is still strong enough to enable a sale to be concluded fairly rapidly AT THE RIGHT PRICE but you are right, falls ar a coming. I am not trying to be argumetative (despite previous posts ) but when prices are 30% down (and they will be just not everywhere) what do you forsee happening after that? Will they stay at the correct historical levels forever or will they rise again 5, 10, 20, 40, 50 years down the line? Even if they never rise above inflation again the thing that you need to bear in mind is that property will always have a saving grace especially when b
  19. TEIN, The cream referred to ar people that bought property long ago and held while everyone else told them they were foolish. I would dearly love to be 'cream'. I am a mere mortal when compared to other investors. I may have a measily couple of properties but what I also have is a belief that there will always be the right deal regardless of conditions. You still should buy if the deal is good. We may be at the top of the market in some areas but as I keep trying to point out, there will always be a profit to be made somewhere. In retrospect rather than saying buy more BTL, I should have s
  20. Anton. Sorry to say but it seems that there a lot of bitter people on here. But then there are also a lot of obviously educated people. Your post once again confirms your very blinkered and one sided views. Why is it not a rational discussion if someone does not agree that UK property is done for for ever. There does seem to be an awful lot of emotion on this board connected to property. It's just a sham that most on here can't see both sides. Anton, the 'argument'about uk property will never be 'won', just as the agrguments about the stock market will never be 'won'. Both are constantly
  21. 29929BlackTuesday I am not rubbing anyones nose in anything. I am merely pointing out that there are a lot of peope that have made a lot of money from property through differing market conditions and there is a very good chance that they will continue to do so.
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