Falling house prices - HOW TO make money ?

Sep 02, 2004 29 Replies

I wouldn't bet on it.

FoFP

I'm an Englishman and I understand. Do you have a problem with people buying homes as an investment? Seems perfectly moral and sensible to me!

They reserve that for tulips over there...

FoFP

Whilst there are a severe shortage of homes and many people cannot afford to buy a house?

Maybe you'd like to buy up stocks of medicine in the 3rd world as an investment, and make a nice profit! :-)

cd

Since the profit would presumably be made making available medicines which were not otherwise available, where's the problem?

FoFP

Holland has its own housing bubble as you are aware. House prices in Utrecht were just as bad as London. At the time I had the money I was looking at a small apartment (piso) in an unfashionable part of Spain. I could have got one for about £15,000. Now I think the same places are selling to Brits for £60,000. So getting a property is now something that will never happen unless I get very lucky.

Do you think it is acceptable for US drug companies to buy up the rights and patents to organic drugs and then charge the African countries to use the medicines at overly inflated prices ?

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Where did you buy your crystal ball from?

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