a Triple Whammy And A Punch From The Referee.
I think we are forgetting about #4:
Government giving away free/subsidised houses to the 'less well off'.
A triple whammy AND a punch from the referee.
The premise of the headline seems flawed though - was buy to let EVER a "sure-fire" bet?
I'm sure the Japanese would love to hear that little mantra of yours.property prices have a long history of beating inflation over any 5-10 year period
I'm sure the Japanese would love to hear that little mantra of yours.
Okay, how about UK property prices 1989-1999?we are talking about Ireland and the UK here not Japan
we are talking about Ireland and the UK here not Japan
check your charts again and you will find exponential growth the following years thus property stays ahead of inflation,always remember that property is a long term investmentOkay, how about UK property prices 1989-1999?
[broken link removed]
(See Long Term Real House Price Trend chart on Page 3).
Note that the long-term appreciation trend that the Nationwide use is 2.7%.
Average CPI over those years was 3.8%.
So even if houses had stuck to their 1989 price and increased by historical trend (2.7%) they would not have beaten inflation (3.8%).
Next random statistic you care to make up?
Your point being?
Oh sorry, I forgot, Ireland is different. Yawn....
check your charts again and you will find exponential growth the following years thus property stays ahead of inflation,always remember that property is a long term investment
Now I'm not stupid, I know Irish house prices are (were) higher than 10, 20, 30 years ago but I can't find any statistics to proove that they beat inflation. Do you have access to a house price index which charts Irish house prices over the last, 50 years, say? Here's the [broken link removed]statistics.property prices have a long history of beating inflation over any 5-10 year period
To my uneducated eyes I would suspect that Irish property prices didn't beat inflation in the 20 year period between 1971 and 1991.
So he had no evidence but concluded that they had messed up? Hmm.....the actuary could not explain the differences, except to assume they (the CSO) had changed (messed around) with how they calculated inflation over the years.
There are problems with the statistics, many years ago my father spend a weeks trying to work reverse out house price vs inflation for CGT, year by year. In end he was on the CSO and worked his way up the chain to one of the actuarys who compiled the figures. I don't remember the exact details, but the actuary could not explain the differences, except to assume they (the CSO) had changed (messed around) with how they calculated inflation over the years.
You said over 5-10 years, not after 10 years of a lag!
The trick is wait until the Irish market spends 10 years falling and then buy, hoping to catch the exponential growth.
thats right,Ireland is different yawn
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