Boomed! House Prices going through the roof

[rootsnall]

I did. That's why I have a sizeable stash now. Point is I could have held my BTLs for a bit longer ...

Did you pay your CGT !?!?!?! The taxman will get you !!!!!!!!!!!

I've been sat on a stash for years but more kids mean I've bit the bullet and bought a bigger house, hey presto, instant switch from arch bear to reluctant bull !

[sasguru]

sasguru,

sounds like you should leave the business to the real business men and stick with your mickey mouse software

Milan.

Benes as it's you I'll treat that comment with the respect it deserves.

[DimPrawn]

CGT is easy to avoid on property. Piece of piss.

[Swiss Tony]

baaaaa

Yeesh Follow the herd mentality!

I think most here will agree that things are cyclical. Also that the best time to buy is when the price is low and then sell when the price is high.

I’m sure seeing as that majority of you are in the IT profession that you all remember the 90’s and especially the bust in 2000.

Back then everyone was raving about IT and how it would be stupid to invest anywhere else. Majority of trusts and other investment vehicles were linked to the IT arena. Of course come the bust allot of money was lost and a lot of faith and trust was lost as well.

People then looked into what would be a good thing to invest in that could not be reduced in value over a days trading. Property appealed as it has the ability to be touched hence an emotional response is activated. Plus mortgages were restructured to accommodate investors insuring the banks had a long list of clients owing them money.

In summary (I know I am rambling on!) those that knew what they were doing bought property in the 90’s when things were low. In the same vein now that prices are high the smarter investor will look to another investment that is not selling way above value. (I do not have the answer to the million pound question as to what)

But property in the UK will not be able to sustain the price rise. Mortgages will go up and eventually the rent will not cover the property. People will rent where it is cheapest and the market will dictate the price. A lot of money will be invested into projects that not everyone will be able to afford and then the property will be sold at low prices as people will wish to exit the market. Hence the cycle begins again.

The papers (and media) will sell what people want to read before anyone harps on about what they have read in the press! Look at a financial paper from 1998 there will not be much about property!

Moral of the story: something about eggs and baskets!

[rootsnall]

CGT is easy to avoid on property. Piece of piss.

Easy enough with one or 2 properties but if you have a few and want to cash in then how does one go about it !? You've done well on this thread, a few early bites and then dragged yourself in to the debate.

[sasguru]

Yeesh Follow the herd mentality!

I think most here will agree that things are cyclical. Also that the best time to buy is when the price is low and then sell when the price is high.

I’m sure seeing as that majority of you are in the IT profession that you all remember the 90’s and especially the bust in 2000.

Back then everyone was raving about IT and how it would be stupid to invest anywhere else. Majority of trusts and other investment vehicles were linked to the IT arena. Of course come the bust allot of money was lost and a lot of faith and trust was lost as well.

People then looked into what would be a good thing to invest in that could not be reduced in value over a days trading. Property appealed as it has the ability to be touched hence an emotional response is activated. Plus mortgages were restructured to accommodate investors insuring the banks had a long list of clients owing them money.

In summary (I know I am rambling on!) those that knew what they were doing bought property in the 90’s when things were low. In the same vein now that prices are high the smarter investor will look to another investment that is not selling way above value. (I do not have the answer to the million pound question as to what)

But property in the UK will not be able to sustain the price rise. Mortgages will go up and eventually the rent will not cover the property. People will rent where it is cheapest and the market will dictate the price. A lot of money will be invested into projects that not everyone will be able to afford and then the property will be sold at low prices as people will wish to exit the market. Hence the cycle begins again.

The papers (and media) will sell what people want to read before anyone harps on about what they have read in the press! Look at a financial paper from 1998 there will not be much about property!

Moral of the story: something about eggs and baskets!

This post wins the "No tulip, Sherlock" award of the day.

[shaunbhoy]

Panic? Who mentioned panic? For goodness sake man, don't try and impose your own shortcomings on others.

Admittedly some of us can assess a situation more effectively and quickly than others as shown by your <eventual> change of stance. Still, you got there in the end, eh?

No change of stance from me churchill, if you could have kept up you'd have realised that. Cool clinical assessment from day one, it comes naturally to some of us you know.............or maybe you don't.

[Swiss Tony]

This post wins the "No tulip, Sherlock" award of the day.

alas I wish others saw it that way Dr Watson

Indubitably (spelling?) I wish others could see the clues

[sasguru]

Cool clinical assessment from day one, it comes naturally to some of us you know..............

This post wins the "Self-deluded twat of the day" award.

[shaunbhoy]

This post wins the "Self-deluded twat of the day" award.

Wow, you are such a wag sasguru. The long winter nights must just fly past with your witty repartee filling the time!