Where will this bubble take us. Further and further into a black hole. I wish people paying these record high prices would stand back and ask the question is this property that we are looking at worth years and years of slaving away at work, working longer and longer hours and for more years than ever.
It is not realistic to sign up for a 40 year mortgage, even if you are 25 years old your be an old man before your loans are paid.
Be patient the prices will correct themselves in time.
This advice also applies to the U.S housing market.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment