....would you care to elaborate on what better ways there are (or have been) in making money over the last few years. Property has yielded hughly...what investment do you know of has or is now capable of the same level or returns?
ninsaga
....would you care to elaborate on what better ways there are (or have been) in making money over the last few years. Property has yielded hughly...what investment do you know of has or is now capable of the same level or returns?
ninsaga
....would you care to elaborate on what better ways there are (or have been) in making money over the last few years. Property has yielded hughly...what investment do you know of has or is now capable of the same level or returns?
ninsaga
....would you care to elaborate on what better ways there are (or have been) in making money over the last few years. Property has yielded hughly...what investment do you know of has or is now capable of the same level or returns?
ninsaga
There's no prizes for spotting historical trends my friend. And I have done extremely well out of what has gone on in Ireland over the last 10 years.
The point is though (and I have been making this point since I joined up this askaboutmoney), I was referring to another poster, carlb, who caught my eye - he bought in 2006. Are you suggesting that he should not be worried, just use history as a basis for predictions in to the future?
ninsaga;280167what investment do you know of has or is now capable of the same level or returns? ninsaga[/quote said:Property is now yielding about 3%, so I'd say putting it on deposit might be a better bet. Or as somebody else pointed out invest in a pension to gain significant tax relief.
....In such an environment wealth maintenance is the aim of the game.
And I have done extremely well out of what has gone on in Ireland over the last 10 years.
I was referring to another poster, carlb, who caught my eye - he bought in 2006. Are you suggesting that he should not be worried, just use history as a basis for predictions in to the future?
Pity the poor losers who wasted their time on property.
..must remember that oneSW, it's called the "100-smokes-a-day-hasn't-killed-me-yet-so-it-never-will" school of philosophy
Property is now yielding about 3%, so I'd say putting it on deposit might be a better bet. Or as somebody else pointed out invest in a pension to gain significant tax relief.
3% over what period
If I buy a house tomorrow and rent it I will make about 3% per year.
See my earlier post about buying an apartment for 400K
BTW, my house has appreicated abut 300% over the last 8 years and in time I will probably inherit property worth about 500K, so its not really benificial for me to see the market crash.
OK rental yield as opposed to capital growth yield is what you are referring to right?
on the 400k house. If the subsidizing costs and opportunity costs are to be 20k py (seems a bit high to be but nevertheless) the property would need to increase by 3.75% annually over the next 20 years to break even. Over 30 years the annual growth would only need to be 1.5% which seems low to me.....(still bearish short term, but long term still think it's the best investment for the money)
I think investing in property in 2006 is for fools.
Actually, I know it's easy to come back and say what about interest on the 20k etc...but this is what was deemed included. I'm gonna do a costing here for once and for all on the likely subsidising costs, vacancy periods, maint costs, letting fees, mtg repayments and come up with a true cost of a 400k apartment and come back to you (prob be tomo)...totally agree with Jister though...it all depends on what property to buy,..could just as easily buy shares in Baltimore before the bust....
Firefly.
Only the shrewd investor will make money in the next few years.
Not in agreement 100%. There will always be opportunities if you purchase the right property, but the problem over the last 10 years is every investment has doubled,tripled, quadroupled so even the clowns that didn't know what they were at cleaned up.
Only the shrewd investor will make money in the next few years.
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