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This Is The One Time In Your Life You Need Where You Just Need To Hold Cash

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I think this also applies to us in UK.

If you think it is a good time to buy property watch this this:

Some of what he says:

Bubble booms like this only occur every 80 years

All assets will deflate- real estate, stocks and commodities

Likely recovery in 2009 with inflation followed by another credit contraction and then deflation.

This is the one time in your life you need where you just need to hold cash. Be patient. Everybody wants to buy real estate now. The real estate agents are saying it's like the 1990s. Its the time to buy prices have come down 10, 20,30 percent. No it's not the time to buy.The worst of real estate crash will probably happen beween 20011 and 2013 and the worst of the stock crash will happen between late 2010 and mid 2012.

At best look at what your house was worth in 2000 and and at worst in 1996.

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