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Pokerchips. You use the usual cop out. Just blame the government/banks. Try blaming yourself, that would work far better. The, it is not my fault, just blame the goverment culture is destroying this country (as well as the buy to let culture) Just stop this blaming everybody else. Stop talking bollotics please.
87.2 for me please Roofer
Roofer. I agree. They can't afford to have a partner. Or they have seperated for financial reasons. It all comes down to useing property as an investment,instead of just somewere to live. If cars or anything else were bought as an investment, instead for getting from A to B, or using for purpose, they would be well over priced as well. Thinking high house prises is good, is total folly for most people in the long run, (Excluding of course, property investors/speculators & land owners), Buy to rent has been a dissaster for the overpricing of houses, but the government shut the stable door to late with taxation,but better late than never. But of course I am wasting my time saying so because so many are brainwashed into thinking otherwise. I own my own house, & have made a lot of money on the value, 5 times. Am I pleased?, of course not, I am not that stupid. One day perhaps some of you lot will get it.
Doyen Dan, Ref to house's for investment, another contributing factor is also more single households, was looking out the back window observing a squirrel when I realised , the block of 5 newish 2 bedroom townhouses facing us all single occupants AND rented , it is a big concern shortage of affordable houses...atb
82p for me please Bob
I'll go for 86p again Roofer, please. Second time lucky. I feel VOD just might return to an upward trend this week as the memory of Powell's latest stock market hit job, fades.
Vod closing Sp 29th Sept
Raffles 85p
Added to list Entries by 12pm Mon Atb
Steady civi income suits fine in any portfolio.
Paid around 60p in the last 7 years.
Capital destroyed but recovering well.
Will come back into favour at some point.
Av of 87p so quids in.
Https://www.ig.com/uk/news-and-trade-ideas/_vodafone-share-price-surges-to-a-four-month-high-230918
I wouldn’t say you need to get the bottom, just get one bought and over time it will increase in value. A bit like Vodafone shares 🙌
You dont own a property...until you have finished paying for it....
the tide is turning...wages are going up and property prices are going down... so some of the renters will no doubt jump on board the mortgage train once they think the time is right.... the problem of course is knowing when everyone else is thinking the same to try and judge the market bottom and still get the property you are looking for...never easy !
85p for me
It’s simple. If you a intent on owning, not renting, then you may have to make sacrifices, think a little outside the box and take risk of your not in a position to afford. If it means that much, you would do it. Owning a property in the uk is not necessarily a right.
We are obsessed with not falling behind....keeping our place...knowing that there are plenty who will trample over us given the chance ... no one gives a s*hit if you try and fail but if you succeed plenty want a piece of it and for you to pay higher taxes on that success
" because of our obsession with pushing up house prices"
obsession coming out of the continual creation of money out of thin air
Property prices, art prices, price of Rolex watches etc etc go up because the Governments keep creating money and pumping it into the economy to keep it from crashing
You pay a crazy price for a Picasso as an investment against inflation, knowing the price will increase in relation to money creation and inflation...
Same with property ...prices related to money supply
Now they have slammed on the brakes with regards to money supply having done the opposite previously ..all organised and controlled by the central banks
Our society is built on the idea that you have to look after yourself because the Governments are just making it up as they go along , and the system ensures the smarter ones will do well whilst the one´s not so close to the control of it all...don't
Mrlong. Everything you say confirms what I am saying. Young people should not have to rely on their parents helping them to buy a house,but many do because of our obsession with pushing up house prices. I have never been rich, but with my wife we could afford to buy a house many years ago before the explosion in buy to rent, but we would not be able to nowdays. Of course mass immigration hasn't helped, but that is another matter. But that's life.
Vod closing Sp 29th Sept
KiwiTwo 83.16p
Roofer 81.84p
List so far
Entries by 12pm Mon....atb
Yeh greedy is not what I call a property investor, in fact it’s not that attractive anymore. Yes if you e had 15 years it’ll give a steady return. You have to deal with tenants, Reg’s and a pain in the ar*e tax return. When you sell they want the tax which is 28% rather 20% on shares and they want within 28 days. That’s why investors are leaving in there droves. You can get 5% at the bank or similar with zero risk or hassle. Let gov have the headache of housing everyone because it is hassle and at the moment your not getting paid enough for it!
Can I have 83.16p for next week please.
Give over. I work in finance and as such I view investments in a matter of fact way. We all want to improve ourselves financially and secure our retirement income. Otherwise why are you invested in shares, so don't act all holy than thou, just because your investment choice is somehow more morally ok than mine. I've made a decent return on my property investments as I said I'm renting in non affluent areas, eg those on social benefits who would never be looking to buy there own houses as their rent is subsidised if not fully funded by the state. Makes me laugh you call me out as greedy yet you chose a share with one of the highest did div yields and not so good SP, why is that? For the potential of higher rewards vs safer havens, what is that if not some level of greed?
Home ownership has always been an affordability issue, nothing new. Tony Blair won in 1997 and by 2001 house prices had doubled and that was with average 6% rates. At the time mums and dads weren’t handing out deposits as the bank was looking after them and you could only get a 25 year mortgage. Now they get no stamp duty, lower rates, help from parents and 40 year terms. That seems pretty good to me!
It’s not greed, it’s market conditions. If you bought a house 10 years ago and I offer you a £20k profit on what you paid, you’ve made £20k! You could sell at that, but of course people want the market value. We are obsessed with property ownership in this country and that fuels price rises, not landlord’s.
What happened to the 61p clown? come back, missed a good laugh.