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What Should We Do?
Comments
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Thrugelmir wrote: »If you don't want a mortgage. Keep saving. At some point in the future there'll be a window of opportunity.
Terrible advice.
We are at the trough between two booms. The low point in the cycle in real terms. Prices have just started warming up as we enter the very early stages of the next 10 to 15 year or so bull market.
Prices are already rising faster than most people can save the difference.
Every extra year waiting is wasting many thousands of pounds.“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
the market will not go quiet while there is pent up demand and low supply, when savings interest rises then the investment buyer will be happy to put money back in banks except no one trusts a bank anymore!
Quite right, what is the point of leaving money in the bank, no real return. And yes,I don't trust the banks and their bail-in hari cuts anymore.
You get a nice return from property and capital growth, in the righ place.0
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