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Housings Good News Is Govt Cash Shortage

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Gloomberg link

A great article - summed up with:

It turns out that burst asset bubbles, especially when the asset in question is the major one for most households, aren’t quite as easy to clean up as the Federal Reserve thought.

The only good news for housing is that Washington is now preoccupied with reducing the deficit. Even if it wanted to, federal government doesn’t have the resources to throw good money after bad.

It's different here, of course, we have so much more money to prop up the failed property market with... :blink:

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  • 284 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

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