Originally Posted by Dick Dasterdly

Sometimes the peasants are wiser than the advisers, especially in these abnormal times,when there is little advantage leaving money in the bank at easy access rates as low as one tenth of one percent and longer term rates little better after tax.
Your 10% norm is just pie in the sky now, and for the forseeable future.
As discussed elsewhere many ppl.quite understandably stay outside the system and prefer to keep their funds that way.
Apart from avoiding tax, many have good reason not to trust the banks and as long as they are confident of security, they have no great worries.
In addition they can pass it on quite easily to whoever they wish when their time is up, without the taxman, lawyers,advisors,uncle tom cobley and all thieving a major slice.
If they do wish to invest, why not just use basic common sense, instead of feathering the nest of all these hangers on who are little more than petty thieves and are always keen to grab their commision and share the profits, but never ever the losses.
Let the buggers get out and work for a living like every bugger else.
In my experience, it doesn't need Sherlock Holmes to tell when the property, land and other markets have bottomed out and recovery has begun.

Originally Posted by angiescarr

I've said it before,. But it bears repeating. The property is at it's right price, when the person expected to buy it earns three times what the mortgage will cost him. Until that level is reached. Prices will continue to fall.
There are loads of variables (such as second homes etc) which will make one home worth more, and one less but overall this rule holds true.

Originally Posted by angiescarr

I've said it before,. But it bears repeating. The property is at it's right price, when the person expected to buy it earns three times what the mortgage will cost him. Until that level is reached. Prices will continue to fall.
There are loads of variables (such as second homes etc) which will make one home worth more, and one less but overall this rule holds true.

Originally Posted by cricketman

Yes I agree, can't wait until an average family house in Andalucia costs 60k euros!

On the other hand, I am going to lose a fortune on my London flat