Turnbull2000 Posted November 21, 2009 Share Posted November 21, 2009 http://www.guardian.co.uk/money/2009/nov/21/house-prices-safe-haven-investors Forget the stockmarket and high-interest savings accounts – the best place for your investment cash during the noughties was in bricks and mortar. House prices have doubled between the start of the decade and now, even taking into account the property crash of 2007-2009. Quote Link to comment Share on other sites More sharing options...
Turnbull2000 Posted November 21, 2009 Author Share Posted November 21, 2009 http://www.guardian.co.uk/money/2009/nov/21/house-prices-safe-haven-investors Forget the stockmarket and high-interest savings accounts – the best place for your investment cash during the noughties was in bricks and mortar. House prices have doubled between the start of the decade and now, even taking into account the property crash of 2007-2009. Quote Link to comment Share on other sites More sharing options...
Turnbull2000 Posted November 21, 2009 Author Share Posted November 21, 2009 http://www.guardian.co.uk/money/2009/nov/21/house-prices-safe-haven-investors Forget the stockmarket and high-interest savings accounts – the best place for your investment cash during the noughties was in bricks and mortar. House prices have doubled between the start of the decade and now, even taking into account the property crash of 2007-2009. Quote Link to comment Share on other sites More sharing options...
campervanman Posted November 21, 2009 Share Posted November 21, 2009 http://www.guardian.co.uk/money/2009/nov/21/house-prices-safe-haven-investors And your point is? Quote Link to comment Share on other sites More sharing options...
Turnbull2000 Posted November 21, 2009 Author Share Posted November 21, 2009 (edited) WTF Why has the thread appeared three times? Mods, please delete the other two threads. Is it not possible to edit thread titles any more either? I need to correct the spelling of "Gaurdian". Edited November 21, 2009 by Turnbull2000 Quote Link to comment Share on other sites More sharing options...
grey shark Posted November 21, 2009 Share Posted November 21, 2009 WTF Why has the thread appeared three times? Mods, please delete the other two threads. Is it not possible to edit thread titles any more either? I need to correct the spelling of "Gaurdian". because your desperate ............................. Quote Link to comment Share on other sites More sharing options...
Guest UK Debt Slave Posted November 21, 2009 Share Posted November 21, 2009 http://www.guardian.co.uk/money/2009/nov/21/house-prices-safe-haven-investors Totally meaningless drivel So what? 1. The market is rigged and has been ever since NuStasi got into office and the BoE pursued their insane monetary policy of 'give away' loans 2. Price denominated in fiat and intrinsic value are two entirely different things When a loaf of bread costs £10, what difference does it make that house prices have trebled? It's meaningless. 3. The Guardian is a total pile of shite and you shouldn't pay attention to anything written for it. Quote Link to comment Share on other sites More sharing options...
housepricecrash Posted November 21, 2009 Share Posted November 21, 2009 And your point is? the point is you are unable to grasp the point! some pat themselves on the back, while those who have missed the boat (and don't get the point - sour grapes, me thinks) don't! Quote Link to comment Share on other sites More sharing options...
i wanna house Posted November 21, 2009 Share Posted November 21, 2009 guess i am ten years too late then unless this article will maintain the upward trajectory Quote Link to comment Share on other sites More sharing options...
Bubble&Squeak Posted November 21, 2009 Share Posted November 21, 2009 even taking into account the property crash of 2007-2009. it is almost as if he thinks that the crash in the real value of property has finished... now that is funny if you are not well out of UK property already then good luck with the back patting and retaining that 111% growth Quote Link to comment Share on other sites More sharing options...
housepricecrash Posted November 21, 2009 Share Posted November 21, 2009 "Forget the stockmarket and high-interest savings accounts – the best place for your investment cash during the noughties was in bricks and mortar. House prices have doubled between the start of the decade and now, even taking into account the property crash of 2007-2009." And that is an argument for ... ? + That they are overvalued because they doubled when incomes did not (a logical argument), or + They doubled, as so will keep on going ... - that begs the question -WHY SHOULD THEY? I think we can safely rubbish this silly sound bite from the "Gaurdian", whatever that may be it is a statement of fact, looking back with the benefit of current hindsight. it is not an argument on which to predicate future rises. that said, if your question "why should they" had been asked at the start of the noughties, it would have recieved the same level of ridicule and scorn from the same stock of current HPCers, who missed the boat then and invariably will miss it now. Quote Link to comment Share on other sites More sharing options...
campervanman Posted November 21, 2009 Share Posted November 21, 2009 the point is you are unable to grasp the point! some pat themselves on the back, while those who have missed the boat (and don't get the point - sour grapes, me thinks) don't! Oh I got the point old chum. The point being I got out of UK housing in 2006. By all means pat yourself on the back but remember it's only half time and the opposition have all their subs fit and ready to put a big bulge in your net during the next 45 minutes.. Quote Link to comment Share on other sites More sharing options...
i wanna house Posted November 21, 2009 Share Posted November 21, 2009 Oh I got the point old chum. The point being I got out of UK housing in 2006. By all means pat yourself on the back but remember it's only half time and the opposition have all their subs fit and ready to put a big bulge in your net during the next 45 minutes.. a big bulge in your net ! indeed Quote Link to comment Share on other sites More sharing options...
Bubble&Squeak Posted November 21, 2009 Share Posted November 21, 2009 Oh I got the point old chum. The point being I got out of UK housing in 2006. By all means pat yourself on the back but remember it's only half time and the opposition have all their subs fit and ready to put a big bulge in your net during the next 45 minutes.. Oh the fun hasn't even started for the greater fool... Quote Link to comment Share on other sites More sharing options...
housepricecrash Posted November 21, 2009 Share Posted November 21, 2009 it is almost as if he thinks that the crash in the real value of property has finished... now that is funny if you are not well out of UK property already then good luck with the back patting and retaining that 111% growth wise move. shelter is not a basic human need anymore. trust me on this one, I have it on good authority from posters on HPC. Quote Link to comment Share on other sites More sharing options...
Bubble&Squeak Posted November 21, 2009 Share Posted November 21, 2009 wise move. shelter is not a basic human need anymore. trust me on this one, I have it on good authority from posters on HPC. Très drôle why the confusion over termanology? I thought houses were only an investment for you savvy property snapper types? Despite the downturn, it is an investment that has been as safe as houses, rising by an average of 111% over the decade, reports Rupert Jones Quote Link to comment Share on other sites More sharing options...
Fairies Wear Boots Posted November 21, 2009 Share Posted November 21, 2009 it is a statement of fact, looking back with the benefit of current hindsight. it is not an argument on which to predicate future rises. that said, if your question "why should they" had been asked at the start of the noughties, it would have recieved the same level of ridicule and scorn from the same stock of current HPCers, who missed the boat then and invariably will miss it now. "will miss it now" ? What boat is that then? Housing is still relatively very expensive. Or is that get in before it becomes extremely expensive? Dumpty do. Quote Link to comment Share on other sites More sharing options...
Dubai Posted November 21, 2009 Share Posted November 21, 2009 http://www.guardian.co.uk/money/2009/nov/21/house-prices-safe-haven-investors The property "crash" of 2007 - 2009??? I must have blinked.... Quote Link to comment Share on other sites More sharing options...
the flying pig Posted November 21, 2009 Share Posted November 21, 2009 (edited) The property "crash" of 2007 - 2009??? I must have blinked.... "the best place for your investment cash during the noughties was in bricks and mortar. " no ******ing shit sherlock! Edited November 21, 2009 by the flying pig Quote Link to comment Share on other sites More sharing options...
Mikhail Liebenstein Posted November 21, 2009 Share Posted November 21, 2009 "the best place for your investment cash during the noughties was in bricks and mortar. " no ******ing shit sherlock! Indeed. I wonder though if they included the special anti dividend that property has been producing since about 2003. "Nah the rent doesn't cover the mortgage, but that don't matter because its all about capital growth innit." Quote Link to comment Share on other sites More sharing options...
spivT Posted November 21, 2009 Share Posted November 21, 2009 wise move. shelter is not a basic human need anymore. . quite right. it's a safe haven for investors. oh, and i think you've missed the point about many a bitter and twisted hpc'er. Quite a few either have the STR funds or deposits to actually jump back in. Missing the boat implies that entering back into or a ftb enterig the housing market is unaffordable or unattainable. Some choose not to get caught up in irrational exuberance. also, i think missing the boat is the usual hyperbolic nonsense. Sure, it probably applies to those on the margins. But based on the properties i've seen and their early 2009 lows, we're up maybe 8-10%. For the type of buyer who can afford these properties even at the lows that's only a few months of savings or an extra 8-10k on the mortgage. What's the big deal if the additional debt can be serviced at recordlow debt servicing servicing costs. And it can be afforded going forward. Who's missing which boat ? the missing the boat applies if we get a scenario where YoY prices shoot up as the did for most of the decade. The general consensus is the jobs market, credit conditions and financial sector are somewhat different this time. The crash may be done for the most part but how long can the exuberance last ? Quote Link to comment Share on other sites More sharing options...
winkie Posted November 21, 2009 Share Posted November 21, 2009 Forget the stockmarket and high-interest savings accounts – the best place for your investment cash during the noughties was in bricks and mortar. House prices have doubled between the start of the decade and now, even taking into account the property crash of 2007-2009. Nothing good ever lasts forever......... Quote Link to comment Share on other sites More sharing options...
Turnbull2000 Posted November 21, 2009 Author Share Posted November 21, 2009 I agree the article is very poor mind. The best comment is this one... Why isn't there a 'Report Abuse' button next to all that shit that Rupert Jones has written? Quote Link to comment Share on other sites More sharing options...
Buy Toilet Posted November 21, 2009 Share Posted November 21, 2009 Right. And if you'd bought gold a decade ago, how would that be doing in comparison? Or is that not something investors should be looking at according to the champagne socialists of the guardian? Quote Link to comment Share on other sites More sharing options...
nohpc Posted November 21, 2009 Share Posted November 21, 2009 Right. And if you'd bought gold a decade ago, how would that be doing in comparison? Or is that not something investors should be looking at according to the champagne socialists of the guardian? If you had 30 thousand pounds 10 years ago and invested it in gold you would have done very well. If you had 30 thousand pounds 10 years ago and leveraged it to buy a 300000 pound property you would have done much, much better. Most people don't have enough money to make investing in anything unleveraged hugely financially rewarding. What else will the banks lend us huge sums of money to invest in other than property?? This is why property will always be the best returning investment long term for the majority. Because they can leverage. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.