US May Face Japan's "Lost Decade" Recession

1984ReturnsForReal_2

purch wrote: »

Yeah like massive government deficits that we can't fund !!!

The plan is to fund the interest for the next few years + a % of the additional borrowing.

There is no plan to pay the debt off anytime soon.



(* pretty much exactly what the whole banking industry got caught out with when the money tap was switched off - but hey we can always print more, devalue & export)

Mr_Matey

Generali wrote: »

If house prices are going to remain at their current levels, then these younger generations are going to have to discover hitherto largely unseen virtues of thrift to be able to continue to bid up house prices.

If they just say, 'Oh well, looks like I'm gonna have to rent then' then investors will have to take up the slack.

Given that once interest rates normalise, even at current prices houses are a pretty bad investment as BTL that seems unlikely to me. But then to continue the quotes, 'There's one born every minuite' (or 'Never give a sucker an even break').

Which all points to continued falls in prices.

I'd like to own my home and can afford to, but while renting is so much more attractive I'll stick to the smart option and continue to save the difference.

Cash is returning a lot more than property these days. :rotfl: