A friend of mine is second generation Pakistani. She said what people in the UK don’t realise is that most of the population in Pakistan and India want to move to the UK, especially London. As such she says UK property will always be a good investment (in the right areas). Also in my area, there is a lot of Hong Kong migration, house prices are artificially higher as they keep being bought within days of going on the market by Hong Kong Migrants. Now I’m sure prices will fluctuate, but with such external and internal demand pressure,I feel corrections may only be small.
Holster Pils ran an utterly wonderful series of radio ads in the 90s. In one, a man was being interviewed in a radio station after predicting the end of the world. He had a thick Welsh accent and talked about giving away all his worldly possessions.
The interviewer counts down to the predicted moment; “5, 4, 3, 2, 1…… and we’re back.”
The problem with predictions is simply what if you or the adopted prediction is wrong, and like this guy [remember the Welsh accent] have “given away everything, including my blue Ford, Cortina] what then?
I remember reading the article Dominic refers to. I’ve even given a lot of thought to going into cash in the build up to it…
But what if it’s wrong?
Will I buy back in? Will that be at the right time?
"Cost is not always the main prerogative." In my pedantic mind, 'prerogative' does not describe 'cost'. 'Consideration' would do. I am happy to stand corrected.
Thanks Christopher. Prerogative felt right when I wrote it, but I agree it is not the right choice of word. I stand corrected, and I am always grateful for comments on written style. Even though I am "only" a financial writer, I actually pay great attention to style. I had it drummed into me by my dad.
I think the ills that the Labour party are going to inflict on the property market will determine the extent and have a slight affect on the timing of a decline in house prices.
I think the wider world finances will also play a part, i.e Dollar falling, BRICKS and re-distribution of investment into crypto and other assets.
A friend of mine is second generation Pakistani. She said what people in the UK don’t realise is that most of the population in Pakistan and India want to move to the UK, especially London. As such she says UK property will always be a good investment (in the right areas). Also in my area, there is a lot of Hong Kong migration, house prices are artificially higher as they keep being bought within days of going on the market by Hong Kong Migrants. Now I’m sure prices will fluctuate, but with such external and internal demand pressure,I feel corrections may only be small.
You could well be right, Ross. This is a global market and London is an international city.
Holster Pils ran an utterly wonderful series of radio ads in the 90s. In one, a man was being interviewed in a radio station after predicting the end of the world. He had a thick Welsh accent and talked about giving away all his worldly possessions.
The interviewer counts down to the predicted moment; “5, 4, 3, 2, 1…… and we’re back.”
The problem with predictions is simply what if you or the adopted prediction is wrong, and like this guy [remember the Welsh accent] have “given away everything, including my blue Ford, Cortina] what then?
I remember reading the article Dominic refers to. I’ve even given a lot of thought to going into cash in the build up to it…
But what if it’s wrong?
Will I buy back in? Will that be at the right time?
Who knows.
Great stuff regardless.
Thank you.
That's always the problem. Buying back in is hard. Especially if you didn't sell well. Thanks Chris.
*Holsten Pils! Not Holster…
"Cost is not always the main prerogative." In my pedantic mind, 'prerogative' does not describe 'cost'. 'Consideration' would do. I am happy to stand corrected.
Thanks Christopher. Prerogative felt right when I wrote it, but I agree it is not the right choice of word. I stand corrected, and I am always grateful for comments on written style. Even though I am "only" a financial writer, I actually pay great attention to style. I had it drummed into me by my dad.
I think the ills that the Labour party are going to inflict on the property market will determine the extent and have a slight affect on the timing of a decline in house prices.
I think the wider world finances will also play a part, i.e Dollar falling, BRICKS and re-distribution of investment into crypto and other assets.