cnocbui wrote: » YTD return for gold is 11.78% YTD return for Bitcoin is 35.29% Either will do and anything is better than having money sitting in an Irish bank account. One day the stupids in government might wake up as to why the banks are always in dire straits.
schmittel wrote: » If that's the playbook for the future anyone saving for a deposit should be buying gold rather than putting it in the bank. Sooner or later they won't need a mortgage at all!
The_Conductor wrote: » Thats just it though. An increasing number of finance gurus are suggesting that no, it doesn't need to be repaid. This plays into the Trumpian economics- which includes setting the rule books on fire. If The Fed and others can simply print money- and inflation remains tame- the argument goes, why not keep printing money........ Obviously, at some stage- someone somewhere will have to pay the piper- but for now- they're merrily printing away, and inflation is negligible.
gourcuff wrote: » what are the chances early 2020 becomes the 2006,2007 in terms of absolute worst time to have bought a house?... moved from a one bed to our first house, so felt fortunate with lockdown etc... but wonder could this be viewed in years to come as a huge blunder in timing?
Roberto_gas wrote: » What about actual impact on GDP ?
Roberto_gas wrote: » the QE being done in US and elsewhere needs to be paid by someone somewhere....time will tell who that would be...generally its taxpayers.
errlloyd wrote: » I am a complete amateur (as we all are). But I suspect it'll never be quite as bad again. 2020 may well be the worst time to buy in this boom-bust cycle, but I don't think we will see massive, life ruinous drops.
kippy wrote: » The area you are lookingin may be less than 4X salary in a few months so hard to know if its a good thing or a bad thing.
ShedTower wrote: » Everyone will be looking for a discount. Now they can drop €25k off it.
c.p.w.g.w wrote: » Just seen a house relisted, was up for €150k since xmas...removed mid April and relisted today after a tidy up...€175k:eek::eek::eek::eek:
ELM327 wrote: » Listing price is pretty irrelevant Looking at sold prices is where its at. How recent is the PPR?
TM2015 wrote: » For sure. Got the AIP no problem but were told that to come back 6 months for an LTI exemption. High enough income, public/private sector but a need 4x salary exemption to allow us to purchase in the area we want.
errlloyd wrote: » My mortgage advisor told me that none of the lenders are currently granting Loan to Income exemptions? Is that everyone else's experience?
bulmersgal wrote: » Yeah that's what my broker told me last week.
Augeo wrote: » Didn't they dive in when the market dipped 30%..
wassie wrote: » Exactly. Probably not the best exemplar given Berkshire Hathaway aren't known for hoovering bargains, but rather buying great businesses at fair prices. The post shows no understanding of value investing. And Warren Buffet would probably be one of the most humble billionaires on the planet.
"Every decade or so, dark clouds will fill the economic skies, and they will briefly rain gold. When downpours of that sort occur, it’s imperative that we rush outdoors carrying washtubs, not teaspoons. And that we will do."
As a result, Berkshire is now sitting on roughly $125 billion in cash and short-term investments that can be readily deployed as bargains emerge on the market. You can't be greedy when others are fearful, after all, if you don't have any money to invest. Buffett capitalized similarly during the financial crisis when he had about $38 billion in cash and made big, well-timed investments in Goldman Sachs and Bank of America. During September and October of 2008, he made $15 billion in investments.
