|
|
Post by Madgolfer on Dec 20, 2011 10:32:44 GMT 1
Lots of people looking to get out of cash at the moment Murter.
|
|
murter
Junior Member
Posts: 10
|
Post by murter on Dec 20, 2011 10:45:37 GMT 1
Lots of people looking to get out of cash at the moment Murter. exactly. been selling my property and now im bit worried if its the best moment to continue to do so and dropping price is out of the question now |
|
|
|
Post by Kaskader on Dec 20, 2011 11:03:17 GMT 1
prices have been falling and I have adjusted price of my property for sale few times during the last year. I doubt I will go further down since with this EURO crisis cash is not a safe haven for capital either. suddenly I realised that if I sell the property and end up with bunch of cash I might loose it in some fiscal crash that might occur in Eurozone. And you think such fiscal crash would not impact property prices? Anyone tried eating bricks and mortar? Yes, cash is losing to inflation, but some other asset classes may be losing even more. There has to be point when "an investor" pushes the "cut the losses" button and sells at the price a buyer is willing to pay. |
|
murter
Junior Member
Posts: 10
|
Post by murter on Dec 20, 2011 11:05:36 GMT 1
prices have been falling and I have adjusted price of my property for sale few times during the last year. I doubt I will go further down since with this EURO crisis cash is not a safe haven for capital either. suddenly I realised that if I sell the property and end up with bunch of cash I might loose it in some fiscal crash that might occur in Eurozone. And you think such fiscal crash would not impact property prices? Anyone tried eating bricks and mortar? Yes, cash is losing to inflation, but some other asset classes may be losing even more. of course it would,but if such thing happens its better to have bricks and mortar then worthless paper. Brick and mortar will remain brick and mortar and paper that has lost its value will never gain it back. |
|
|
|
Post by Kaskader on Dec 20, 2011 11:30:21 GMT 1
During such fiscal crash what value would bricks and mortar have, even if they remain bricks and mortar?
|
|
murter
Junior Member
Posts: 10
|
Post by murter on Dec 20, 2011 11:34:07 GMT 1
During such fiscal crash what value would bricks and mortar have, even if they remain bricks and mortar? they have a potential for the future whilst 100 000 devaluated Euro doesn't. |
|
|
|
Post by Kaskader on Dec 20, 2011 11:50:56 GMT 1
Suppose one still has to pay mortgage for that bricks and mortar in Euros.
|
|
|
|
Post by happy on Dec 20, 2011 19:47:27 GMT 1
CASH IS KING
|
|
|
|
Post by Ribaric on Dec 20, 2011 19:52:49 GMT 1
if you ignore inflation and unfavourable exchange rate changes. |
|
|
|
Post by happy on Dec 20, 2011 19:54:55 GMT 1
Lots of people looking to get out of cash at the moment Murter. exactly. been selling my property and now im bit worried if its the best moment to continue to do so and dropping price is out of the question now How long have you been selling your property? How much have you dropped the price by over the years? Can you wait until July 2013? Can you wait until 2025? Will you accept Rubles? |
|
murter
Junior Member
Posts: 10
|
Post by murter on Dec 20, 2011 19:59:09 GMT 1
exactly. been selling my property and now im bit worried if its the best moment to continue to do so and dropping price is out of the question now How long have you been selling your property? How much have you dropped the price by over the years? Can you wait until July 2013? Can you wait until 2025? Will you accept Rubles? 1 year 25% yes maybe no |
|
|
|
Post by happy on Dec 20, 2011 20:03:34 GMT 1
murter
If you wait long enough, you will get the price you want eventually.
Good selling
|
|
|
|
Post by Kaskader on Dec 20, 2011 20:25:48 GMT 1
if you ignore inflation and unfavourable exchange rate changes. Unfortunately, yes. The art today is not in making as much money as possible, but in preserving as much as possible...as every asset class is losing in value, as it has been in Japan for two decades. As much as cash is losing in value - it is still the KING at the moment. |
|
murter
Junior Member
Posts: 10
|
Post by murter on Dec 20, 2011 20:29:13 GMT 1
if you ignore inflation and unfavourable exchange rate changes. Unfortunately, yes. The art today is not in making as much money as possible, but in preserving as much as possible...as every asset class is losing in value, as it has been in Japan for two decades. As much as cash is losing in value - it is still the KING at the moment. depends what cash. swiss franc is the king of stabilty.capital is always running to safe havens so its not a strange thing to see people investing at the moment in to gold. no honestly until recently i had same opinin but this Euro crisis made me think what to do with the cash in case I sell the property |
|
|
|
Post by happy on Dec 20, 2011 20:31:05 GMT 1
Unfortunately, yes. The art today is not in making as much money as possible, but in preserving as much as possible...as every asset class is losing in value, as it has been in Japan for two decades. As much as cash is losing in value - it is still the KING at the moment. depends what cash. swiss franc is the king of stabilty.capital is always running to safe havens so its not a strange thing to see people investing at the moment in to gold. no honestly until recently i had same opinin but this Euro crisis made me think what to do with the cash in case I sell the property Spend it? Swiss Francs? Euros? Dollars? Gold? Kunas? Stocks & Shares? Old ruin in Croatia? Your choice! |
|
