As you may know I have a reasonable amount of cash, mostly sitting now in sterling in high interest () saving accounts, spread to limit the risk at £50K per account.
I've been waiting for the proper house price crash, you know, the one you would expect when the economy of a country is effectively bankrupt.
However, Brown and Co. are sticking with a policy of inflating bubbles with very low interest rates, printing money and forcing lenders to hold off on repossession and instead passing the burden of debt down the generations.
So, do I continue with my wait and hold strategy or buy the millionaire mansion now, before it's too late?
I've been waiting for the proper house price crash, you know, the one you would expect when the economy of a country is effectively bankrupt.
However, Brown and Co. are sticking with a policy of inflating bubbles with very low interest rates, printing money and forcing lenders to hold off on repossession and instead passing the burden of debt down the generations.
So, do I continue with my wait and hold strategy or buy the millionaire mansion now, before it's too late?
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