Monday, Nov 02, 2020

Best time to own a house, Its free

BBC: Mortgage holidays extended for up to six months

Anything for home price inflation. There is no chance of a forced seller, there is no chance of a price fall.
So that creates a shortage in the market as sellers are stopped from coming in. So when you have few buyers with restricted supply prices could go up artificially.
Not sure what will happen when in six months, the additional payments would need to be made and all the sellers are forced at one time.
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Posted by deepak @ 10:45 PM (1065 views)
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1 Comment

1. khards said...

The banks trialed the no payments needed thing in Ireland with great success.

While currency is being debased like it is, the banks can't lose!

The banks will just take the asset back off you when you die or it is eventually sold. Guaranteed to go up in value against fiat.

Tuesday, November 3, 2020 10:40AM Report Comment
 

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