The following just happened 30 mins ago. #truestory
My taxi driver was complaining about how difficult business has been without tourists in Malta, so he decided to take his luck with the crypto speculation.
For the whole 20 min ride, he talked to me about Etherum & Bitcoin...
...saying it has been really slow there for a while now, and since he has bills to pay, he is now focusing on DogeCoin.
A friend of his sold the taxi business & put it all into this coin — basically giving me the executive summary from A to Z why it's going to the moon.
I've learned so much about investing in my 20 min cab ride.
Now, I too will be acting on other people's tips.
The new word on the streets is Snoop Dogg & Miley Cyrus will be pumping the DogeCoin up soon.
My new taxi driver friend will be buying some tonight after his shift.
If all of this is happening on a small island in the middle of the Mediterranean,
I wonder what sort of speculative activity is going on in major cities around the world.
"The average house in the UK currently costs more than eight-times average earnings (data at Dec 2020).
Before the current episode, this 8X earnings level has only been breached twice previously in the past 120 years."
"It may only be of historic curiosity, but it is interesting that house prices were even more expensive in the latter half of the nineteenth century.
They then went on a multi-decade downtrend relative to earnings. This only bottomed out after World War I."
"Three important drivers of this: more houses, smaller houses & rising incomes.
More houses: doubling in the stock of housing in the UK between 1851 and 1911. It rose from 3.8 million to 8.9 million houses – for reference, today it stands at more than 28 million."
similar to those in 1987, 1998 (in Asia), 2000-03 (in Tech), 2007-09 (worldwide), 2011-12 (EU),
there are very few assets that could deliver positive returns while many others are under pressure.
We believe litigation funding is one of them.
Most investors (myself included) would not consider such foreign investment strategies due to high entry barriers and difficulty in comprehending the conditions which would favor successful outcomes.
Getting mentors & other experienced investors to guide us, has been our key.
House price growth in northern cities and towns is continuing to outpace southern locations, including London, according to the latest UK Land Registry data.
Liverpool had risen 16.7% since the UK first went into lockdown last year.
Meanwhile...
In the City of London, the capital's financial district, prices were down 6.5% since March last year. In Westminster and Tower Hamlets, property prices were down 5% & 4.7% respectively.
Australian residential property markets are super hot, with all capital cities experiencing strong auction clearance rates and rapidly rising values.