It's probably me but.....

Can't argue with that - you've thought it through.

I'd agree it won't get as fucked as the 80's - despite what some of the doom
and gloom merchants would have you believe. I've seen predictions of
anything up to a twenty percent "adjustment". London is getting more and
more influenced by the transient workforce: where I live, it's increasingly
the case that houses are in multiple lettings to short term workers from the
new EU. As I say, it's the HIP impact that will be interesting to see - the
market is a very odd fragile thing and can be influenced strongly by
apparently small events.

Ali

 

Having (some) of it earning about twenty percent compound is quite handy.

Ali

 

Interesting approach - of course, he'd be managing *someone else's*
pension fund with that theory.

Depends if you're prepared to see the value of your fund take a
significant hit in the last few days/weeks/months before retirement,
really.
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Andy Bonwick says...

That's how it happened with me.

Oh yes it does.

--
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Triumph Daytona 955i SE (Black with added black bits)
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I'm a modern man, I don't mind buying tampons, but apparently they're
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Andy Bonwick says...

Nobody told us we'd have the insurers knocking at our door.

I didn't have any choice about staying, I was getting divorced at the
time.

--
Lozzo
Triumph Daytona 955i SE (Black with added black bits)
Suzuki Bandit 600S (Green with added shit bits)
Yamaha SR250 Delusion (It's "Special")
I'm a modern man, I don't mind buying tampons, but apparently they're
not a proper Valentine's present

 

And that's the key: you, like the vast majority, I suspect were never
warned.

Ali

 

Yup. Mine will fund a) buying nice pad and b) living without financial
worries when we finally naff orf.

Ali

 

Most of my PEPs and some of my ISAs. Not guaranteed, of course, but all
except two of them have had between 15 and 20 percent compound growth. (And
yes, they're mostly equity based, which is why they are being moved out
gradually into bonds and cash.)

Ali

 

But they kept falling into the 90s (at least down here). My house at that
time dropped by 60% before the market turned, eventually getting to (now)
250% of what I paid.

 

I think that's something of a pilpul. Money is an asset. Cash is an
asset.

And yes, I do well understand the differences betwixt and between those. But
see: I put my money into various places. It gets a very high return in some
of the (sometimes higher risk) places. All of it is actually accessible very
quickly if I want. For me, that works better than a straight property
investment, albeit some of mine is in areas related to commercial property.

Ali

 

I'm trying to recall the figures.... but something like this. Bought in 1976
for 15,750. By the late 80's, it was up to about 170K or 180K, as I recall,
and then dropped very sharply back to about 130K. And that's if you could
even sell the thing. Now up to about the 350K mark, I think. Possibly more
depending on who I sold to and whether I got outline planning permission.

Ali

 

We bought a new house in 1989, IIRC, for about 20% less than the
original asking price of six months earlier. Two years later it was
worth about another 20% below that.

Thankfully, by the time I sold it in 2001 it had gone back up to
purchase price + ~50%.

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`

 

"What do you expect? The Hanging Gardens of Babylon? Herds of
wildebeeste sweeping majestically across the plain?"

 

60% seems extremely high. I couldn't find anything definitive in a few
minutes with Google, with 30% being a popular average, so it could be a
range of 20%-40% in different areas, I guess.

 

Only if they're bokker beasts, shirley

 

I'm hearing John Cleese now.

I stayed in a hotel in Bolton, once. Pardon me if I've told this before, but
there was a pisspot Merkin moaning about the view from his room. The lovely
receptionist was a model of tact and efficiency, even when this twit also
moaned about the lack of a US newspaper. Anyhow, after he'd gone, she looked
at me, grinned, and said "I don't know what he's moaning about - he's got a
view of t'casino and the drug rehab clinic, what more does he want!"

Ali

 

Happened a hell of a lot in London and the South East. The market was so
overheated, you see. Friend's flat in Hitchin, bought for the low 60's, I
think - sold as a repo for just over thirty.

Ali

 

I thought it was plain.

That's the penalty of not cutting and pasting, see: inaccuracy.
Still, you got the point.

 

Hmm, I'm not so sure...

I thought it was too. However, Google seems to think that the quote
finishes on "majestically" whereby Mrs Whats-er-face interrupts.

And you missed Sydney Opera House too.

 

Where will you look at? If we couldn't manage you-know-where for some
reason, the fall back would be South Devon.

Ali