You think it would be nice and it would be for a little bit. But what would happen? Our prices would immediately have to increase. The price of everything would go up because otherwise . . . House prices are not determined by a single market, but rather a plethora of markets across the UK, and the experience can be different right down to the very street or road you live on. A tour of the nuts and bolts that hold the economy together is not supposed to be interesting, but Rob Dix makes it fascinating. This is a bracing ride through the unexpectedly wild world of money. ED CONWAY, Economics Editor, Sky News

Doing something else. (laughter) So that’s one. And the other is favouring boring companies. So it’s like, when money is free and everything’s going great, then all your kind of Teslas and Netflix and all those exciting companies that are maybe possibly gonna make money one day, are very attractive. When that’s not the case and we’re now in a more high-interest-rate environment and gonna stay there, but your kind of boring, kind of consumer staples, again, things people actually need, and they’re probably been trading a bit cheaper over recent years, again, going to be more appealing. So we’ve, that’s obviously a correction we’ve already seen. But what I’m saying is it, I think, is gonna stay that way because the conditions are going to remain in place. So keeping it boring both in terms of what you invest in and how you invest in it is probably a better way to go. The fourth is to favour real assets. So this is sort of the things that you can touch, like a property, but also infrastructure, commodities, things like that. And obviously I’ve got a bias towards property because that’s what I do. But what’s at the core of that is that real assets have utility and they’re scarce. So value comes from scarcity. If something is abundant and there’s just loads of it, no one’s going to pay you much for it. So if you’ve got something like property or even gold or something like that, then there’s only so much value. There’s a natural built-in scarcity there which is going to become more and more useful over time. And with something like property, then of course it’s something that people actually need to live in and there’s always gonna be a need for it, which kind of gives some kind of value to your investment. So, in general, as we have moved into inflationary times and possibly more challenging times, it’s always are things that people actually need that are going to perform better. PDF / EPUB File Name: The_Price_of_Money_How_to_Prosper_-_Rob_Dix.pdf, The_Price_of_Money_How_to_Prosper_-_Rob_Dix.epubJohn Maynard Keynes once said that "not one man in a million" truly understands inflation: a state of affairs that is extremely problematic for millions of people and, by extension, for society as a whole. Rob Dix's book The Price of Money is an important contribution to redressing that problem. ANDREW CRAIG, Author of How to Own the World As always some will get it sooner and some will take until Christmas. Others will cling on for too long as some estate agents try to buy new business by being optimistic for longer.' How to sell your home in 2023 And so my parents were always very sort of frugal and sort of sensible with money. And there were never any lectures about it. We just kind of absorbed it. And then from just having part-time jobs from the age of 15, I just naturally found myself saving. And obviously, as you know, saving isn’t the way to wealth. It’s great, it’s essential. But saving in its own, on its own needs to lead towards, lead towards investment. And then it’s when I discovered, I sort of like dabbled with Isas and things like that. But when I discovered property, I thought, oh, well, this is really fun. And that was like a gateway because property, I think people find it appealing because it’s really easy to understand — it’s simple, it’s tangible. And so that was kind of what got me into investing more broadly and the point at which it did become an obsession. And happily, it’s sort of my job as well.

So, I'm not yet seeing a Mexican standoff, but I expect to. At the moment, it's just too early, but the penny will drop by the summer. MARKET REPORT: Burberry shares take a tumble as HSBC warns over poor outlook for luxury goods sector In today’s investment masterclass, Rob Dix will be sharing his tips for growing wealth in times of high inflation and why he thinks it’s harder to get by financially now than it used to be. Plus, I’ll grill him about the property market and his experiences of being a buy-to-let investor. So. Rob, welcome to the show. No. And it’s been a really big problem even for older colleagues in the FT who hadn’t realised they were being lifestyled and having their pension investments moved more into bonds as they got older. So that’s another tip . . .Vast waste of older workers: Too often, over-fifties find themselves sidelined or pushed out of careers in their prime, says RUTH SUNDERLAND It's worth understanding what buyer demand and house prices are doing in your local area, rather than focusing on the country as a whole. A pithy and punchy guide that explains in a very engaging and readable manner the essentials of modern finance and economics. It is profoundly useful for anyone wanting to understand why the current global economy is in such a mess, and what that might mean for your own finances. GILLIAN TETT, Editor-at-Large of the Financial Times Rob Dix of Property Hub thinks London is most likely to see single-digit falls over the next 12 months. Now, for our listeners who are renting, what have you got to say to them? Because they might say, well, one of the reasons I can’t invest is because rents in London are so high.

You don't need even the slightest knowledge of economics to read this book - just a desire to understand why the world of money is working against you, and what to do about it. If you're purchasing a property as your home rather than an investment, negotiating a lower price is still beneficial - but it might not be as crucial since you plan to live there for a long time. Henry Pryor, a professional buying agent, says he's currently offering around 10 per cent less on London homes than he was this time last year, though the best homes are still holding their values.In The Price of Money, a leading investment expert explains what’s changed – and what you should do now we’re here.You’ll learn why currencies the world over have lost 99 per cent of their value, and how to use future declines to your advantage. You’ll understand how the government can produce hundreds of billions out of thin air, and which investments benefit when they do. Most importantly, you’ll be shown what’s coming next – and how to position yourself to gain rather than suffer. Thompson adds: 'Buyers are always looking for a bargain, but in reality, these are few and far between as property prices in London have plateaued rather than dropped significantly over the past year. It may be cheaper in 12 months' time, but I expect that in three years time it will be worth what you paid for it. This brilliant book offers a singularly clear, accessible and funny introduction to where our economic malaise has come from - and how understanding it can help any of us make better financial decisions. I cannot recommend it highly enough. IAIN DALE

Liana Loporto-Browne, a London based estate agent, said a four-bed terraced house had been unsuccessfully marketed by several other agents before it landed with her. Well, your book came out last month and there’s quite a story behind its creation. Share it with us. Several buying clients who have been sitting on the side lines for the past few months have made the decision to enter the market in September, encouraged by the Bank's decision to hold the base rate at 5.25 per cent.It can be tempting to match what other properties in the area are on the market for, but the advice is to speak to local estate agents to ensure the house goes on the market for a price that will attract interest, rather than one that's purely speculative. Henry Pryor has one final word of warning for London buyers on the hunt for a bargain, however. Don't mistake the asking price for a measure of true value.