CoffeeBrew said:Sure just replace the skinny birch tree with a palm tree in this photo and you could be right in elite Baldwin Park, Florida and you wouldn't even know the difference
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as any great investor will tell you,you must know when to sell and take profits.its a fact that booms dont last forever so a wise investor will take profits before the market peaks,most accept we are close to the market peak and reality will set in eventually.gidxl03 said:Has any AAM investor with a second house asked themselves "What price would need to be offered on my investment before I would sell up"?
I've just worked out that my one-and-only house increased by 13.5% APR (335%) over the last nine years.
I now find it strange, even shocking, that I had never even thought about selling despite the massive gain. I wonder, what would have convinced me - 500%, 600% increase? Probably not, yet, because I stretched myself at the time, that is more my total gross pay for the same period.
I don't understand why it has gone up so much. In poker that say "If you don't know who the mug at the table is - it's you".
I freely admit, I can't predict long term trends and I won't feel bad if it continues to increase sharply for the next 5 years (I half expect that it will!). But after much thought over the last 3 days, this morning I called the auctioneer and I for one am bailing out!
So what % increase would convince you before selling up? I'm interested to know!
gidxl03 said:Has any AAM investor with a second house asked themselves "What price would need to be offered on my investment before I would sell up"?
I've just worked out that my one-and-only house increased by 13.5% APR (335%) over the last nine years.
I now find it strange, even shocking, that I had never even thought about selling despite the massive gain. I wonder, what would have convinced me - 500%, 600% increase? Probably not, yet, because I stretched myself at the time, that is more my total gross pay for the same period.
I don't understand why it has gone up so much. In poker that say "If you don't know who the mug at the table is - it's you".
I freely admit, I can't predict long term trends and I won't feel bad if it continues to increase sharply for the next 5 years (I half expect that it will!). But after much thought over the last 3 days, this morning I called the auctioneer and I for one am bailing out!
So what % increase would convince you before selling up? I'm interested to know!
bearishbull said:another article in todays sunday times by damien kiebard on property and irish economy driven by debt
bearishbull said:house prices can also be measured against rents and returns on government bonds, and such calculations suggest that the housing market has been overvalued since 2001, it warned.
kane3000 said:After reading yesterday's Sunday Business Post, I must say that I feel a serious underlying conspiracy between the government, banks and all others with a vested interest in property prices in this country, trying to prop things up with media propaganda. Tell the common folk that things still look good and they will believe it.
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