In relation to warning businesses and households against debt fuelled economic and house price growth.
" I DONT THINK THIS WILL BE A FEATURE OF THE COMING DECADE. IT SEEMS TO ME, THAT SOME PERSONAL AND BUSINESS STRATEGIES WHICH WERE SUCCESSFUL IN TIMES WHEN HOUSEHOLDS WERE GEARING UP PROBABLY WILL NOT BE AS SUCCESSFUL IN THE FUTURE. "
Buyers now get a chance to sit back, relax and have a cup of tea. That "buy now or you'll miss out forever" scare tactic that the cashed up baby boomers have been promoting is just a felacy designed to line their own pockets.
10 years of no growth gives plenty of people time to save and the government plenty of time to work out new incentives to get you into the market.
