Where should I move my Sterling to?

[Cyberman]

I am currently not interested in buying in the UK as the cost of ownership is currently so high, and may get higher. Insurance, minium charges for gas, ele, etc. 'con. tax', the list goes on.

My electricity plus gas was 60 quid for the last quarter. Seems pretty reasonable to me. If it was a second property you'd be letting it anyway, so you'd be making profit on the income. The couple that looked at my place at the weekend are currently paying 1300 quid a month to rent a basic 3 bed place.

[Fred Bloggs]

But residential propery is still around 35 to 50% over valued compared to salaries over the longer term. I would buy a property fund if I was thinking about property. Probably a commercial property fund.

[expat]

I read yesterday that many Expats are now buying property in the UK because property is more than 30% cheaper than it was very recently when taking into account the weakness of the pound plus market falls. I also read of a couple that had sealed bids for three separate properties had lost them all. It's not so easy now to see the market falling any further, so it just has to be the best time to buy.

I don't need to buy now, I already bought in 2007.

Well, you said that it was a good idea

[HairyArsedBloke]

Put money into stuff. The exchange rate between money/stuff is going to move in stuffs favour in the medium term.

[Cyberman]

I don't need to buy now, I already bought in 2007.

Well, you said that it was a good idea

Er No.... I put my property on the market in June 2007 immediately prior to HIPS coming in.

[BlasterBates]

Warning bell

Looks like confidence is beginning to slip.

[AlfredJPruffock]

Perhaps there is no safe place for your 'wealth' ... well not in this World


For it is written -


Lay not up for yourselves treasures upon Earth, where moth and rust doth corrupt, and where thieves break through and steal:

And - I have found this to be painfully true

But those who want to get rich fall into temptation and a snare and many foolish and harmful desires which plunge men into ruin and destruction.

Its not too late to heed these words :

Do not weary yourself to gain wealth, Cease from your consideration of it.

If anybody cares to contradict the above sage advices - publish and be damned.