Reply to: DOOM™

[jamesbrown]

I repeat: buy property.

Not a stock-exchange listed property or REIT fund

This time it's different™.

Personally, I wouldn't be buying any property right now, commercial or residential, and especially not indirectly. Credit supply has taken valuations to a point where they're exceptionally high on the fundamentals (income multiples etc.) and credit supply alone probably won't take them much further. OTOH, sentiment (in the short term) and reductions in real income (in the next year) could take them much lower. In the longer term, I broadly agree, but it's difficult to see anything other than a correction in the SE/London in the near term, which is no bad thing (although, unfortunately, the Brits generally pull out as fast as they put in).

[ChimpMaster]

Yeah, buy property

More in a sister DOOM thread - "DOOM: 'The dominos are starting to fall in the UK commercial property market'" - forums.contractoruk.com/general/115717-doom-dominos-starting-fall-uk-commercial-property-market.html

I repeat: buy property.

Not a stock-exchange listed property or REIT fund

[AtW]

Rising inflation and falling interest rates?

Buy property.

Yeah, buy property

More in a sister DOOM thread - "DOOM: 'The dominos are starting to fall in the UK commercial property market'" - forums.contractoruk.com/general/115717-doom-dominos-starting-fall-uk-commercial-property-market.html

[ChimpMaster]

Rising inflation and falling interest rates?

Buy property.

[psychocandy]

Off to Florida in Sept so more peed off about the exchange rate to be honest!

[BrilloPad]

"The triple lock on the state pension was introduced by the Liberal Democrats in Government. It means that the state pension rises every year by the highest of price inflation, earnings growth or 2.5%."

Big increase for Govt - who will be paying for it? The young people who tried to Remain in EU and avoid inflation altogether...

DOOOMED!!!

Young people will be the biggest to benefit if house prices go down.

[original PM]

https://en.m.wikipedia.org/wiki/Doom_(series)

[darmstadt]

Doom, I tell you, it's doom....LSE shareholders approve merger with Deutsche Börse | Business | DW.COM | 04.07.2016

[AtW]

Why in the present circumstances does a bit of inflation spell doom?

"The triple lock on the state pension was introduced by the Liberal Democrats in Government. It means that the state pension rises every year by the highest of price inflation, earnings growth or 2.5%."

Big increase for Govt - who will be paying for it? The young people who tried to Remain in EU and avoid inflation altogether...

DOOOMED!!!

[OwlHoot]

Brace yourself for the toxic mix of falling interest rates and a spike in inflation

Why in the present circumstances does a bit of inflation spell doom? It's more like a slight reprieve from this horror barreling towards us!

2016-07-04 Deflation Is Blowing In On An Eastern Trade Wind

Probably within a year or so Brexit will look more and more inviting simply as a way to deliberately weaken the pound and stave off deflation!

[stek]

Indeed, but I'd rather see a reduction in my income than carry on in the EU as it is. Anyway, I'm still so incredibly handsome I can always go back to being a rent boy.

Jeremy, there's no call for rent men.....

[AtW]

Indeed, but I'd rather see a reduction in my income than carry on in the EU as it is. Anyway, I'm still so incredibly handsome I can always go back to being a rent boy.

You might just get what you've asked for...

[diseasex]

In any case, do a Google of "currency fluctuation euro" the pound is still worth more relative to the Euro than it has been at times during the last 5 years.

WAT?
GBP/EUR:1.19501 low:1.11231 high:1.44072

for 5 Y
its closer to low than high now...

[xoggoth]

In any case, do a Google of "currency fluctuation euro" the pound is still worth more relative to the Euro than it has been at times during the last 5 years. Not just our currency that's struggling.

[xoggoth]

But pensioners in particular will not welcome inflation. Many live on incomes that are at least partly fixed

Indeed, but I'd rather see a reduction in my income than carry on in the EU as it is. Anyway, I'm still so incredibly handsome I can always go back to being a rent boy.