| Topic: | Re:Re:Re:Re:Re:Re:Re:Re:Gender stereotyping | |
| Posted by: | Stewart Dean | |
| Date/Time: | 09/01/09 12:35:00 |
| Michael- it's really not that simple. Unless you know where the market is going, the value of the property, the rental value, all the costs involved with selling etc you don't know if it is a sinking ship. If it's at the top end of the market you may be right but towards the bottom end you are probably much better off renting and weathering the market lull. Having worked with financial folks they often tell me the investors who can be at biggest risk are those that think in simple trends. They are using a 'sure bet' mentality to investing rather than what it really is which is maths dependent upon either predictable or unpredictable factors. At the moment all bets are off in terms of the way the market is going. Having cash is safe but will give low returns, having property will see your short term potential of profit drop but you will have an income to pay off the mortgage. So even if the property price is falling this may not affect your income in the short term. If you have a tracker it may be much better to have a property because you rent will be more compared to your repayments. So might even be a good time to buy! Each case is dependent on the numbers and sweeping statements like 'Sell' arnt helpful and potentialy the wrong thing to do. My advice is do the maths and see how it works out. Stew |