oh dear: German team damn UK economic 'miracle' as a sham

[sasguru]

NR: Back on track. Silly cat.

All the drugs you took (take?) have addled your brain.

[beaker]

*yawn*... population schmopulation... cheap credit is drying up... borrowing rates will increase... so people won't be able to borrow as much... so less demand for more expensive property... so property will stop going up in value... more people will choose to rent as it's cheaper and property prices not going anywhere... BTL'ers will sell as they can't justify subsidising their rents will zero or negative equity growth... prices will drop as the market is flooded with cheap ex-BTL properties... people will have no incentive to buy them until it's cheaper to buy then rent again...

This whole thing was built on the deregulation of the mortgage industry and access to cheap credit. People have over-extended themselves to speculate on price gains. Even at 5.75% interest rates are still low. I have a feeling this is all going to end very badly. Good time to pay off as much debt as you can and invest in high quality assets and cash.

Apart from that there's never been a better time to buy property

[sasguru]

Nothing new in this article that anyone with common sense can't see for themselves. We have become an extremely silly and shallow country - some pain will do us good.

[beaker]

Nothing new in this article that anyone with common sense can't see for themselves. We have become an extremely silly and shallow country - some pain will do us good.

It builds character!

[AtW]

It builds character!

...or kills it