New Global Financial Crisis?

susan963

Hi People! Just read an article about the possibility of a new global financial crisis in the near future. How do you think this would impact savings and the housing market?

Should we use our savings to buy a house now at the top of the market, or should we hold out until a possible house price crash, but risk losing the value of our savings? It would be a win-lose situation for us - we just don't want to lose more than we win!

Any thoughts, advice?

mystic_trev

susan963 wrote: »

Any thoughts, advice?

Stock up on beans and a shotgun.

susan963

mystic_trev wrote: »

Stock up on beans and a shotgun.

I was hoping for a bit more insight...

Thrugelmir

The housing market in the UK will be not be directly impacted by the global economy. Why should it.

purch

susan963 wrote: »

I was hoping for a bit more insight...

We were hoping for a bit for information, such as a source.

susan963

purch wrote: »

We were hoping for a bit for information, such as a source.

http://www.telegraph.co.uk/business/2016/02/26/world-economy-stands-on-the-cusp-of-another-crash-warns-lord-mer/

PasturesNew

There is no information. Anything anybody posts will just be their viewpoint, their opinion - they might be right, for their road/town, but you live elsewhere and have different needs/opinions and requirements.

susan963

PasturesNew wrote: »

There is no information. Anything anybody posts will just be their viewpoint, their opinion - they might be right, for their road/town, but you live elsewhere and have different needs/opinions and requirements.

I'm aware of that. I'm interested in opinions as part of my research.

Thrugelmir

Then your research should take into account.

Lord King says in his new book, the exclusive serialisation of which starts in The Telegraph this weekend.

Doesn't mean that his views are widely held at the current time.