BMX General > BMX Chat
WHAT WOULD YOU DO???
traffman:
The only problem with investing in items that look as though there increasing in value is that people tend to buy these items when there probably at the peak of there value. Its being able to spot something thats on the turn....if you know how to do this then let me know and we will start a bank!
Be careful when investing , or move to Scotland where property values are still increasing healthily.
I thought about investing our 3 grand savings in dinky cars and hutch parts , but my wife would string me up by my gonads.
Twinkle:
--- Quote from: Munners on January 24, 2008, 02:37 PM ---Just so you know guys......and i aint scaring ya here. :shocked:
I trace people for banks and building societies, car finance firms too. Not nice i know.
You would not believe how many houses are being repossessed at the moment as people cannot afford to pay off their mortgages.
People have been borrowing far too much and its the banks that are to blame. We all know that so there is nothing new there. But.......... it is a mirror image of the early 90's. If the property market crashes then the UK will be in turmoil as a vast number of people have invested heavily into their homes over recent years.
I dont have savings as i have ploughed everything into my house. I am lucky that i have large equity in it but at the moment i wouldnt mind selling up and having money in the bank, going into rented accom and seeing which way the tide turns!
If i was you John i would hold tight mate. ;)
--- End quote ---
Dont sell your house and rent whatever you do.... A friend of mines parents in their 50s sold their house when they thought they were at their peak to try and capitalise and rented ... well the house prices kept rising and rising and they just kept spending their savings on rent and then a couple of years ago he got cancer and died within a matter of weeks .... his wife is now left renting a smaller property away from her family and friends as she cant afford to buy or rent closer to them !!!!!!!!
Moose:
Investment is like gambling - the key is spread betting :daumenhoch:
gossa:
Open a bike shop, we normally do well in a recession.......
muddstud:
I come on rad though the day and on an evening to have laugh reading that am just logging off to string myself up :buck2: will get are lass to list my few bmx bits
nice and cheap :angel:
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