Adrian Stott wrote: > The value of many assets (and real estate is a good example) seems to > be cyclical about a general trend. For real estate, in light of the > fact that there is a fixed amount of land but a rapidly increasing > demand due to a growing population, this trend appears to be long-term > upward. So, it appears to me (and others) that the smart thing to do > when real estate prices fall is to hang on to what you've got, and > consider buying more. "Buy low, sell high", you know? So, yes, I > *do* think that wrt BW's property portfolio, "waiting until the asset > value rose again" is the smart thing to do.
This rather depends upon the Treasury selling not BW's property portfolio at a low. If Gordon and Mandy don't do it as a Scorched Earth Policy, then the Tories surely will, it will be irresistible. There have been reports of BW unloading a lot of property on the G&S, is this a good thing to do at a low in property prices? http://news.bbc.co.uk/1/hi/england/gloucestershire/8367652.stm > There's an old saying in the stock martket: "Bulls can make money; > bears can make money; pigs always lose money". Pigs are those who > sell at the bottom. There is a surprisingly large number of them. -- Neil Arlidge Anglo-Irish-Dutch Barge Maurice A TNC http://www.tuesdaynightclub.co.uk/tour.html
