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Investing Money for 2-3 Years

  • 22-04-2015 6:01pm
    #1
    bugsyb4
    Registered Users, Registered Users 2 Posts: 401 ✭✭


    Hi,

    Just wondering what people would recommend if looking to invest a decent amount of money for say up to 3 years with the intention of buying a house at the end of this period.

    Any suggestions appreciated, thanks.


Comments

  • #2
    peppa 1986
    Registered Users, Registered Users 2 Posts: 68 ✭✭peppa 1986


    Buy the house now and rent it...returns on deposits are tiny and going nowhere


  • #3
    euroboom13
    Registered Users, Registered Users 2 Posts: 650 ✭✭✭euroboom13


    peppa 1986 wrote: »
    Buy the house now and rent it...returns on deposits are tiny and going nowhere


    1)Why does everybody still think we are in a rising market!!

    2)Half of the people whom have rented out their house`s think that the rent is covering mortgages, and are getting done for tax evasion ,because almost half of the rent, belongs to the taxman.

    3)Why people don't realise that house prices can't increase while wages fall and lending rates prepare to rise.(ecb rate will follow fed which hint at summer rise)

    Waiting 3yrs is very prudent especially with new lending guidelines.

    Cash `v` property......... cash wins.(a lot of people have property /a lot fewer people have cash reserves,)

    Sorry for this rant but I have got a gut full of this madness!


  • #4
    kerryjack
    Registered Users, Registered Users 2 Posts: 1,598 ✭✭✭kerryjack


    There is no right timr to buy a house I bought my house in 2006 the height ot the property bubble but saying that I have 10 years paid off of a 25 year mortgage I would have spent 80000 on rent and I have an interest rate of 1,25 percent


  • #5
    euroboom13
    Registered Users, Registered Users 2 Posts: 650 ✭✭✭euroboom13


    kerryjack wrote: »
    There is no right timr to buy a house I bought my house in 2006 the height ot the property bubble but saying that I have 10 years paid off of a 25 year mortgage I would have spent 80000 on rent and I have an interest rate of 1,25 percent

    Exactly

    people whom timed it poorly, haven't learnt anything, because what they should have learnt is "timing is everything".

    Rent is a safe loss rather than capitol depreciation and risk of unpredictable rates.

    Low Rates is the only thing that has delayed this education!


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