Friday, 6 July 2012
The ECB lowered interest rates to a level not witnessed since...maybe the big bang. In the meantime, the 2 years Finnish government bond collapses to nearly zero level, highlighting how frightened the market is, searching to secure and park their money into what appears a safe heaven.
Don't expect inflation for at least the next 2 years, we are and will be in a deflationnary mode.
So what happen to the housing price?... to be frank, it will be crazy in the current period to buy any housing, not only prices are disconnected with reality...
As someone put it, you don't need to buy the cow to drink milk in the morning.
So as renter, I frankly wake up relaxed, not having a debt hanging over my head for the next 20-30 years or having and A.....e landlord as a banker (i.e charges/interest paid to them).