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  • January 22, 2009 at 10:01 AM #14883
    coxapple
    Participant

    Here’s some schadenfreude for those into it.

    As a long term reader from the UK I was toying with the idea of buying a little place in SD when prices approached their bottom: ie wait.

    It will have to be a very little place now for sterling has fallen as much as SD house prices since early 07.

    And then if I take off how much our real estate/ stock market has fallen, I find I would be 25% better off in £ now if I had invested all my wealth in SD property as the height of your boom.

    Ironic

    Mind you, if I had tried that then, no doubt some broker would have persuaded me to take out a 100% or even 120% mortgage and the net effect would have vanished.

    .

    January 22, 2009 at 10:14 AM #333198
    PadreBrian
    Participant

    I would wait till the pound rises again.

    January 22, 2009 at 10:14 AM #333534
    PadreBrian
    Participant

    I would wait till the pound rises again.

    January 22, 2009 at 10:14 AM #333617
    PadreBrian
    Participant

    I would wait till the pound rises again.

    January 22, 2009 at 10:14 AM #333644
    PadreBrian
    Participant

    I would wait till the pound rises again.

    January 22, 2009 at 10:14 AM #333730
    PadreBrian
    Participant

    I would wait till the pound rises again.

    January 22, 2009 at 10:15 AM #333203
    cr
    Participant

    Maybe so, but the pound will likely reappreciate against the dollar before home prices stop falling, at which point you’ll probably get a better deal.

    January 22, 2009 at 10:15 AM #333539
    cr
    Participant

    Maybe so, but the pound will likely reappreciate against the dollar before home prices stop falling, at which point you’ll probably get a better deal.

    January 22, 2009 at 10:15 AM #333622
    cr
    Participant

    Maybe so, but the pound will likely reappreciate against the dollar before home prices stop falling, at which point you’ll probably get a better deal.

    January 22, 2009 at 10:15 AM #333649
    cr
    Participant

    Maybe so, but the pound will likely reappreciate against the dollar before home prices stop falling, at which point you’ll probably get a better deal.

    January 22, 2009 at 10:15 AM #333735
    cr
    Participant

    Maybe so, but the pound will likely reappreciate against the dollar before home prices stop falling, at which point you’ll probably get a better deal.

    January 22, 2009 at 10:17 AM #333193
    nostradamus
    Participant

    [quote=coxapple]I take off how much our real estate/ stock market has fallen, I find I would be 25% better off in £ now if I had invested all my wealth in SD property as the height of your boom.[/quote]
    The housing slump in SD is going to catch up with your UK losses, don’t worry. The stock market just works quicker.

    Give us some schadenfreude we can chew on!

    January 22, 2009 at 10:17 AM #333529
    nostradamus
    Participant

    [quote=coxapple]I take off how much our real estate/ stock market has fallen, I find I would be 25% better off in £ now if I had invested all my wealth in SD property as the height of your boom.[/quote]
    The housing slump in SD is going to catch up with your UK losses, don’t worry. The stock market just works quicker.

    Give us some schadenfreude we can chew on!

    January 22, 2009 at 10:17 AM #333612
    nostradamus
    Participant

    [quote=coxapple]I take off how much our real estate/ stock market has fallen, I find I would be 25% better off in £ now if I had invested all my wealth in SD property as the height of your boom.[/quote]
    The housing slump in SD is going to catch up with your UK losses, don’t worry. The stock market just works quicker.

    Give us some schadenfreude we can chew on!

    January 22, 2009 at 10:17 AM #333639
    nostradamus
    Participant

    [quote=coxapple]I take off how much our real estate/ stock market has fallen, I find I would be 25% better off in £ now if I had invested all my wealth in SD property as the height of your boom.[/quote]
    The housing slump in SD is going to catch up with your UK losses, don’t worry. The stock market just works quicker.

    Give us some schadenfreude we can chew on!

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