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  1. M

    Pension tax relief to be halved in budget.

    Can they do this if they do not cut the pensions in the public sector. Have to cut all pensions for TDs as well If they do it then pensions are worthless........a dinosaur industry
  2. M

    Has Berlin residential property market started to go up?

    Terra Firma ( private equity) which bought 1000s of properties about 5 years ago were reported as wanting to sell these earlier in the year due to lack of growth. As germany exports alot then the € gains will moderate growth. Germans actually understand that higher house prices are a...
  3. M

    How to flip a London property?

    ECB has the correct interest policy for europe. keep down inflation, keep down wages and therefore remain competitive. UK and US will have huge inflation after their recent latin american scale currency devaluations. Am sure that the IMF are preparing to issue damning report.......maybe not...
  4. M

    When will the downward spiral in the stockmarket end?

    "Excessive writedowns to date". Wachovia (massive US bank) have just admitted they spent $25 billion on a west coast bank in 2005 or 2006 that probably would be worth max 10% of that today. The managment also admitted that default rates have surged as equity in the properties have gone to...
  5. M

    How to flip a London property?

    David Sandeman of property research specialist EIG, which, with auctioneer Allsop compiles authoritative data on auction properties, says the average flat built since 2005 is fetching about 26% less than its original price and more than 15% will not sell at all. 'This is the tip of the iceberg,'...
  6. M

    Orlando Florida. Is now 18-03-2008 a good Investment Time?

    Re: Orlando Florida... Is It A Good Investment Time Taxes and insurance are key.....got to check if you are anywhere near a hurricane path
  7. M

    How to flip a London property?

    Was listening to Martin Ellis Chief economist from Halifax yesterday. He was working hard to avoid saying the market is tumbling. having listened to him for past 10 years it was a bit worrying to hear his efforts to give it a positive spin.....seemed like the pressure was on the problem is...
  8. M

    How to flip a London property?

    From the Times Peter Jones, the upmarket department store owned by the John Lewis Partnership, reported its worse sales slump this year as London's monied classes slammed their wallets shut during the early, snow-filled Easter week. The store, based in London's Sloane Square and commonly...
  9. M

    Manchester City Centre Flats in Freefall

    Could never understand the prices that were being achieved in North of england, it was simply massive multiples of income and speculation as the salaries were not there to support. Why buy an apartment in Manchester for £250k in 2004 & 2005 when you could buy an apartment in central London at...
  10. M

    How to flip a London property?

    Canary Wharf means bankers. Bankers are not so well these days. If the agent can get you out with a 5% fall in price then will be doing well. Know a fantastic house for sale targeting Canary wharf bankers and its been on market for 6 months. Last year this would have sold in 2 weeks. The FT...
  11. M

    How to flip a London property?

    London as a region in the short term is a leveraged bet on the financial services industry. This area has hired alot in past 5 years and this will now reverse for probably 2 years. It also has funded the labour govt via taxes. Prices in london ran up far too much when the UK central bank...
  12. M

    Can I afford a mortgage?

    These schemes are always around in one form or another. No rush.......a sharp property fall would be good for all
  13. M

    Ripped Off By Solicitor

    It is fairly basic economics really. Sols have been used to huge profits from the property boom. Less property transactions mean higher fees in the short term until sols get used to the idea of competition again then fees will drop sharply. one thing to be careful of is "outlays" .....it has...
  14. M

    Can I afford a mortgage?

    What is the rush ? ? By paying only 400 a month you are getting a cheap rent deal which allows you to save 700 a month. Property prices are only going down at the moment. So your saving are going up and property coming down so why change that.....1 year from now and you may have say 8000...
  15. M

    I am 59 with €3m cash and no income

    Advising someone at 60 to start playing the stockmarket with their pension pot is something I would not recommend. Some top ranked investors would be 1/3 in cash at present. Being 1/3 in cash may not always be appropriate but the world is littered with investors who wanted higher returns...
  16. M

    I am 59 with €3m cash and no income

    1. Get professional advice from bluechip wealth manager and pay a fee for it 2. Ensure tax advice is part of this....structuring of inheritence etc 3. At this point either you have been a stock market investor for years or otherwise let the professionals do it. Do it as a hobby otherwise...
  17. M

    Liverpool

    Be careful, the UK has had almost 15 years of property growth in residential and commercial without any serious correction. The buy to let investor has left the Uk market for the moment, interest rates are high, banks are nervous, alot of apartments have been built, interest rates are high...
  18. M

    Income versus Captial

    Leave this to the professionals....the papers tend to show which investment managers are doing the best. You may want to split and allocate a portion to a number of them and get them to reallocate to a couple of their funds ie you end up with maybe up to 5 funds in total run by 1/2 investment...
  19. M

    Buying Property in USA

    IMO US Over 1 year into a housing correction Oil at US$80 a barrel Interest rates were 5% plus Inflation - relatively subdued given dollar has dropped big time and oil is up Yet Jobs market still strong and retail still doing good. As housing supply drops off the glut of houses will...
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