Its interesting that neither this guy nor his family have ever sold god rest his soul and they have been through many a cycle in their times, I somehow doubt that his son will either.
Quote:
Gerald Cavendish Grosvenor, the 6th Duke of Westminster and Britain's wealthiest landowner, died at age 64 on August 9, 2016. At the time of his passing, he ranked as the 114th wealthiest person in the world. Grosvenor was born into a wealthy family with an extensive history in the business of property development. In 1677 his ancestors first purchased 500 acres of "swamp, pasture, and orchards" in England, according to Grosvenor Group, the family's company. Since then his family has expanded its fortune by purchasing huge swaths of land across the globe. At present, the business holds property on five continents and reports more than $15 billion in assets under management. Grosvenor is survived by a wife and four children. His son, Hugh, a godfather to Prince George, will assume the dukedom. He will become the 7th member of the family to hold the title.
Its interesting that neither this guy nor his family have ever sold god rest his soul and they have been through many a cycle in their times, I somehow doubt that his son will either.
Why are you avoiding the question? Waffle about central banks doesn't answer if you think you've timed the market well so far. So your plan is to wait until interest rates are high to make a purchase?
Crikey!
It's obvious that we are in the recession part of the business cycle and Sydney prices are only rising at 9%pa.
Its even more interesting that you avoided the question............
Which question was that?
Quote:
U.S. New Home Sales Rise to Highest Level Since 2007 Purchases of new single-family homes jumped 12.4% in July
WASHINGTON—Sales of newly built homes rose in July to the highest level in nearly a decade, a sign of solid momentum in the U.S. housing market. Purchases of new single-family homes rose 12.4% in July from a month earlier to a seasonally adjusted annual rate of 654,000, the Commerce Department said Tuesday. That was the highest level since October 2007.
“New home sales soared again,” said Ralph McLaughlin, economist at real estate website Trulia. “This is a continued sign that demand for new homes remains solid in a low interest rate, low unemployment environment.”
Economists surveyed by The Wall Street Journal had expected home sales in July to slow to a pace of 580,000. Sales in June were revised down to a pace of 582,000 from an initially estimated 592,000.
Why are you avoiding the question? Waffle about central banks doesn't answer if you think you've timed the market well so far. So your plan is to wait until interest rates are high to make a purchase?
Crikey!
Is it like you Imaginary Loss argument.............
What am I losing again Trollie?
I guess the Reply about Central Banking Monetary Policy is beyond your Comprehension.............Guess I'll have to Dumb it Down for you in Future.
IMO, Bris, Good advice . I would be interested in hearing if you offered particular properties or preferred suburbs ?
Here is my cover note to him I recommended suburbs and house types.
"See attached Buying Plan it’s all there.
I have identified two areas north side (11 suburbs) or south side (9 suburbs) mostly inner ring and where you would want to live. Stick to this and it will work.
We can look at further afield like Brighton etc. if we don’t come up with something inner that you would live in but I think that you will."
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