Friday, Sep 11, 2009
A Good Time To Buy Property?
The Economic Voice: A Good Time To Buy Property?
Drawing comparisons between this crash and the last crash must factor in the difference in interest rates between the two crashes.
Posted by titaniccaptain @ 10:46 AM (353 views) Add Comment
2 Comments
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1. alan said...
Thanks TC,
The country (and its houses) is overshadowed by debt. Have a look at the Economist Interactive Debt Map.
http://beta-buttonwood.economist.com/content/gdc
It's not too hard to work out that something is badly wrong, interest rates should be higher to cope with all that RISK.
Smarter people than me think..""The patient is still in need of major surgery, and will eventually have to be weaned off the painkillers," says Professor Andrew Clare of Cass Business School. "Debt burdens [private and public] will have to be addressed eventually."
Guess what happens to houses when that reckoning takes place?
2. mark wadsworth said...
Good stuff, but I'm not sure why you say this crash is different to the last one. From where I'm sitting, it looks exactly the same:
