We will see further declines in housing assets but rising inflation for goods and services. Housing is just beyond average wages. People are financially clapped out. And with everything else going up, they will have less and less in the bank to put on a house deposit.
Look at the US: rising taxes, rising inflation, high unemployment, lowering salaries, crashing house prices. It all goes together like peanut butter and chocolate.
Is this a one month wonder or the start of something really terrible?
3 comments:
Its a one-off. Normal service will be resumed next month.
We will see further declines in housing assets but rising inflation for goods and services. Housing is just beyond average wages. People are financially clapped out. And with everything else going up, they will have less and less in the bank to put on a house deposit.
Look at the US: rising taxes, rising inflation, high unemployment, lowering salaries, crashing house prices. It all goes together like peanut butter and chocolate.
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