Saturday, 1 January 2011
Happy New Year 2011 !!
Would 2011 be the year that demonstrate that housing is solid as rock or inflated as one of the biggest multi-generation housing bubble?
"Solid as Rock or Rock and Roll?"
My guess is that all the possible ammunition have been fired (low interest rates, government subsidies, municipalities land cartel, no (or incompetent, biased) regulators, economical and monetary subsidies, all subsidies that have been fired around the world...).
So the only one left is the high inflation card which will be disastrous for Europe and the Euro in particular and certainly not in the card of the next president of the ECB (The German austerity oriented Mr Axel "Axe Inflation" Weber).
Nevertheless, I will start as planned the countdown quarter by quarter of the Finnish Housing price.
In the meantime, enjoy the start of a new decade, one that will surely be different to the past one. By the way, not sure what it will mean but my first post for 2011 will be on the date : 01.01.11-01.11.00 (the binary decade)