| Topic: | To Sell or ToiLet in this economy? | |
| Posted by: | Michael Brown | |
| Date/Time: | 09/01/09 19:38:00 |
| I believe that shares have out-performed property over the much longer term too; but property prices have always been in our faces. And if that's the case, why should property be seen as a safer 'investment'? It's common for people to borrow hundreds of thousands of pounds to invest in a property but most wouldn't be so keen to borrow to invest that amount in shares, even if they could. If I had a couple of hundred thousands pounds spare, I'd put in stocks and shares (not footsie - broad spread) because the market is almost as low as it ever has been. Property prices are still sky high because sellers and agents, not able to accept that the wheels have fallen off, are in a defiant mood; but is Foxtons going to be the first to go down with the ship rather than succumb to hyena like buyers? |