Are we heading towards our own sub-prime crisis?
Are we heading towards our own sub-prime crisis?
I would say buying 4d would have a higher chance.Originally Posted by azeoprop
Originally Posted by azeopropDon't worry.Originally Posted by Property_Owner
If that happens, the government will yet again flood the market with yet more money, and the money will yet again be soaked up by "properties" which behaves like a sponge.
"Properties" is the reason behind the failure of "trickle down effect" economics, whereby a London banker's £ 5 million bonus which supposedly will trickle down to waiters, computer salesmen and store salesgirls ends up:
£ 5,000 on tips for waiters.
£ 5,000 on the latest laptops.
£ 5,000 on handbags and perfumes for wife.
£ 4,985,000 on ... yet another apartment in London!