I have changed my short term ideas recently.....since both the stock market and the housing market have been going crazy.....its all too hard and too fast.....my long term views are the same as always.....and property will be a good investment for most people....ie the conservative ones...... but now my thoughts are......the economy is not in good shape....its going to go sideways for a long time....it will not be a V shaped recession....or even a W shape...more like a vvvvvvvv.....for another 3 years.... when interest rates go up ...only the banks pocket our money.....but the government needs your money more than the banks....to pay off that huge deficit...... they will have to keep the interest rates low...to keep the economy rolling along.....its on a knifes edge at the moment..... people can buy the houses, using the low rates.....but they will need to hang onto them for the 5-10 years...like a prudent property investor would....
where are the ...scaredy cats...like when the recession first started over 2 years ago......with all that screaming about another 1930's depression was on us..... its not like that at all......but not unlike another 1990's style recession
I have to wonder...with all that money rushing back into the stockmarket...as if nothing had happened and its all roses again.....seems to me to be more like a huge gamble...nothing like investing
