![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
ciphergoth...at least for a while.
Met up with![[livejournal.com profile]](https://www.dreamwidth.org/img/external/lj-userinfo.gif)
babysimon at BU last night. He made a *very* persuasive case that now is not a good time to buy. Various folk made the opposite case, but his was backed up with detailed quantative historical data. I'm sore about it, but I'm convinced. It's sad but at least it means I'll be able to get a rather better property for the same money when the crash comes.
Just spoke to an investment advisor, who said if I was only investing for a year or so and then hoping to buy property, I should put my deposit in bonds. I'll also of course put the maximum I can into an ISA. It'll keep 'till I need it.
So I guess I'm looking to rent once again... but we're not in a hurry.
Met up with
babysimon at BU last night. He made a *very* persuasive case that now is not a good time to buy. Various folk made the opposite case, but his was backed up with detailed quantative historical data. I'm sore about it, but I'm convinced. It's sad but at least it means I'll be able to get a rather better property for the same money when the crash comes.Just spoke to an investment advisor, who said if I was only investing for a year or so and then hoping to buy property, I should put my deposit in bonds. I'll also of course put the maximum I can into an ISA. It'll keep 'till I need it.
So I guess I'm looking to rent once again... but we're not in a hurry.
no subject
Date: 2004-03-10 08:15 am (UTC)You used to be able to short house prices by spread-betting. The trouble was, as with all shorting it was very time-dependent. You had to predict exactly when the crash would happen.