Markets
- Thread starter bonzo75
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I was going to suggest Borough Road which is a very nice market especially for fresh produce.
Keith
Keith
Borough Market Keith? Early Saturday morning is best - crusty bacon sandwich with a cup of steaming tea, then off to buy some epicurean treats to savour for the remainder of the weekend.
Warren Buffett says he has no idea which direction the market is going (and never has), so it would be rather presumptious for us to think we can predict it. Having said that, there or obviously some red flags and indication of a bubble (which is always at risk of imploding) for equities.
However, US real estate is not overvalued by historical standards (based on price to income and price to rent ratios), so the only thing that could cause a price collapse is some sort of crisis of confidence.
That's my favourite... Certainly not suffering a downturn when I am stuffing my face there.
The world economy is comprised by false living standards of the Weston world. We have been propped up by China, keeping things cheap but as they grow and go into thier next economic phase that will in turn effect us.
House prices are only a problem for first time buyers.. Other than the artificial increase in metropolitan areas due to outside investment and the buy to let market. These are a domestic issue though, and given its the buy to let investors that are propping up the uk house building industry the government will have to tread carefully! Really the problem in the uk is more people need to be in social housing, but the local authorities don't offer the building companies enough to build these units, there is a stand off. It should be sorted now, a lot of indecision was due to the election but sadly little progress has been made since.
Consumerism drives our economy and that's been enabled by large personal unsecured borrowing, not wage inflation. So it's bust logic and can't continue. We live in strange times, it's a bit like what's happened to Japan. Stagnant. Low interest rates and low inflation plus a healthy job market but still problems... Strange indeed.
As for markets who knows, they are worse than a impulsive chicken. I can't believe how healthy they have been over the last 10 Years though propped up by mining companies and oil which in turn was inflated by the mass industrial expansion of China India and Brazil along with the wealth of the increasing middle class elements of those countries buying our crap. With that hyper drive falling we need a tech boost.... Or a war!
Or both.
Well right now I am caught between selling my place and watching from the sidelines to step in 2 or 3 years later, vs renting out my current place now and buying another one with a bigger lounge which suits a nice hifi system, but then risking the price of both going down over 2 - 3 years, though I would have a hifi system
Your house price is only important if your selling, the rental sector in London is robust and will remain so. I would rent out and buy.
If you live in London and plan to remain selling your house and renting is nuts! As rents are going up and up, house prices there bare little significance to the wider logic of the rest of the domestic market. Though the effect of the sharp downturn in the Russian economy may be felt in the London housing market? Then again the opposite maybe true as its seen as a safe investment, like gold goes up in a recession.
A caveat to that, if your borrowing loads then the mortgage company may demand repayment in case of extreme house price deflation... Unlikely though.
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Renting is useless with George Osborne's new tax coming in. With that tax and their own currency being devalued, the Malaysians the Chinese will soon start pulling money out, not to mention they will be facing collateral calls back home if the carnage continues. You are talking about a normal scenario. I am just worried about a doomsday one
Umm... Pulling money out to be put were? There has got to be a better place to put it. If your rich you buy in London not for the rent lol the only danger would be losing your job, worse comes to worse you rent out both and move to a studio flat in Newcastle lol just never sell and you will be dandy.
Columbia Road is good for flowers and plants and the antique market in Battersea, you'd have to get up pretty early for that one though.Borough Market Keith? Early Saturday morning is best - crusty bacon sandwich with a cup of steaming tea, then off to buy some epicurean treats to savour for the remainder of the weekend.
VB Keith.
Love the Borough Market. Can't say the same for Roast though. Plan to stop into the market later in the month. As far as the markets are concerned, it seems to me too many large investors are overly fearful about the future economy. Best bet is unless you need the money now, ride it out and you will be fine. As for London real estate, we actively looked to buy a place in London and I spent several days looking in the same neighborhood where Ron is now. We really loved the area but the Price to Square foot ratio is insane. $1.5 mill for a few hundred square feet that is a gut job to boot. When we come we usually stay a week to 10 days so we rent. I hope to be able to spend more time there but rather than buy, we will rent. We found some really nice shot term rentals. I can use that purchase money for more travel.
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