Thursday, October 15, 2009
Old news but good commentary from the Guardian
"That the Wilsons are now hoping to sell their entire portfolio says a lot about what "professional" investors think of the market. Maybe it is because the Wilsons simply wish to retire. Or maybe they believe the game is up for property investing...Don't bet against the Wilsons. They made a lot of money on the way up, and have lost only some of it on the way down. In the racing world they are regarded as eccentric enthusiasts, but their horse Cerium, a 500-1 rank outsider, romped home fifth in the Grand National this year. When they say it's time to sell, it's a compelling signal that falls in the property market are a long way from being over."