The certainty of uncertainty

The certainty of uncertainty

It is often recorded that nothing is worse for a market than uncertainty. This applies to stock markets, commodity markets, and equally property markets. There are many other examples of this. The uncertainty surrounding a potential new wind turbine will never be as bad (for values) as the reality once the turbine has been constructed and operational.   Indeed there has been much evidence of this in Cornwall in recent years.

A Contrarian View

A Contrarian View

One of the greatest investors of all time, Warren Buffet famously said, “Be fearful when others are greedy, and greedy when others are fearful”.  Another, Sir John Templeton said “Buy value, not market trends or the economic outlook”.

However, the UK housing market does seem to exhibit the ‘herd mentality’.  People want to buy when they see other people trying to buy the same house, even if that means it will potentially cost them much more.

Second homes. A complex subject.

Second homes. A complex subject.

Every so often in Cornwall, second home owners are portrayed as Dr.Evil. But is it really as simple as this? After all, many second home owners were born and brought up in Cornwall, but forced to leave the county to go to university and/or to find work. Having worked hard and been successful, although their work prevents them from moving back to Cornwall full-time, they find themselves in a position to be able to afford a (second) home in the place of birth, so that their children can also know Cornwall and spend some time growing up here. Is that really criminal?