The edge of the crash?

[shaunbhoy]

Well done sasguru for googling and finding something fairly obscure and lacking in anything concrete or tangible related to the matter at hand. The fact is it is mostly flowery waffle full of contradictions and broadbrush assumptions. If you have not grasped that, whilst it may well be illogical, we British are far more fixated on the idea of owning our own place than any of our neighbours, then you will never benefit from this quirk.

[sasguru]

Well done sasguru for googling and finding something fairly obscure and lacking in anything concrete or tangible related to the matter at hand. The fact is it is mostly flowery waffle full of contradictions and broadbrush assumptions. If you have not grasped that, whilst it may well be illogical, we British are far more fixated on the idea of owning our own place than any of our neighbours, then you will never benefit from this quirk.

Hmmm Let me think. Do I trust Shaun's "inner feelings" or a statistical analysis from one of the City's most respected institutions?

PS I'm sitting on close to half-mill in cash from property, so no lectures from you, my son.

[shaunbhoy]

Hmmm Let me think. Do I trust Shaun's "inner feelings" or a statistical analysis from one of the City's most respected institutions?

Nice to think that you attribute the machinations of the UK Property Market to my innards, but I must decline taking the credit. Presumably you too saw the advantage of buying rather than renting to have capitalised upon it, curious that you now seem so keen to argue against it. Perhaps you can explain?

PS I'm sitting on close to half-mill in cash from property, so no lectures from you, my son.

Must be getting a great return on it too eh?

[SallyAnne]

I'm sitting on close to half-mill in cash from property

How YOU doin'?

[sasguru]

Nice to think that you attribute the machinations of the UK Property Market to my innards, but I must decline taking the credit. Presumably you too saw the advantage of buying rather than renting to have capitalised upon it, curious that you now seem so keen to argue against it. Perhaps you can explain?



Must be getting a great return on it too eh?

To answer you first question, my timing was lucky. I put deposits on 3 flats in London in the mid-late 90s and have now sold them. I woudn't do it now as I feel we have a classic asset-price bubble.

To answer you second question, the return's Ok but I will need fast access to it soon .....

[expat]

To answer you first question, my timing was lucky. I put deposits on 3 flats in London in the mid-late 90s and have now sold them. I woudn't do it now as I feel we have a classic asset-price bubble.

To answer you second question, the return's Ok but I will need fast access to it soon .....

I could use fast access to half a mil myself. Trouble is, my wealth was all in property....

[sasguru]

I could use fast access to half a mil myself. Trouble is, my wealth was all in property....

You missed the "I sold them" bit ?

[expat]

You missed the "I sold them" bit ?

ah, that's what I failed to do....

tant pis, I'll build another empire.

[sasguru]

ah, that's what I failed to do....

tant pis, I'll build another empire.

The second should be better than the first, eh?

[Logie]

The crash is coming! In less than 100 years too!

I predict well before 2020.