Re your post-"figure massaging"-what is that and who are you accusing of that ? All my posts come with quotes from articles while taking account of copyright by changing the text slightly but without altering the meaning.What are YOU going to contribute to this debate ? You are quite at liberty to use the filter.I find your "could lead to fireworks" phrase a bir distasteful-what did you mean ? Please read this, Admin.
there is a debate about the colossal risk being now borne by investors at the top of the market.A report on Yahoo Finance "The Great Rotation" a few words changed for (c)- "the American Assocn. of Individual Investors says the December allocation of investment in equity stocks was 68.4%,the highest since the previous stock market peak,fixed income was 15.2% the lowest since 2009,while cash at 16.5% was lowest since 2010".Commentators are now saying after reading the latest Fed. ninutes that tapering might be complete by December 2014 and the first interest rate hike in April 2015.The colossal interest rate repayments on these interest rate rises would increase as a proportion of nation spending...much of the QE has gone into banks to demonetize the toxic debts from 2008..These banks are technically insolvent according to soime commentators.The Fed. is a private company but is part owned by the banks who have large investments in Federal Reserve shares.
don't worry the banks sold hundreds of thousands of liar morgages ,libor was massarged and I believe the drop in gold is being manipulated..i cant see has anythings changed if im honest.gold is being shorted by paper holdings it might be time to buy some physical.imo.
Thanks for your views. Perhaps Yorkshire should start an independence campaign. Hehe. The differences around the country are quite hard comprehend. In our part of East Anglia £23k is considered a good wage!! Property is quite reasonable when compared with London but still unaffordable for locals...Take care
With that difference in rent to mortgage I would say it's a no-brainer.Up here (Yorkshire) the difference is the other way round, i.e.renting is significantly cheaper than buying. 12 month's ago would have been an even better time to buy, but it's not too late yet. On the topic of a price crash, I don't see it as likely at all. One observation though - as London area has led the recovery of house prices, it wil probably be the first area where prices start to level out. I wouldn't advise a purchase that was justified on an expectation of major future price growth - but then I'd recommend buying just to get that 40% saving. If they use the saving to overpay on the mortgage they will be more future-proof against any rises in interest rates. Still finding it hard to stomach that buying can be 40% saving on renting. Rents are cheap up here, hence so many getting out of buy to let market.
Datafeed and UK data supplied by NETbuilder and Interactive Data.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.