Financial collapse! | Thread profile

What the hell is going on in USA. It seems if you buy a house in USA that you cannot really afford, but get a mortgage anyway, then dont pay it, the whole worlds shares go spriralling down along with pension funds, retirement plans etc. How on earth non payment of a mortgages in one country can affect all the shares in Japan and UK etc is beyond me. Everyday I have watched my ...

With the gobal economy many countries / markets are affected. Two reasons (not the only ones) (1) there is a finite amount of funds available to lend, so different markets compete for those funds and (2) there is a lot of foriegn investment in US bonds and US markets. The tumbling markets around the Pacific Rim underscored how quickly something that was regarded as a smart financial ...

I got out of shares and Property a while back. When (if) house prices fall ( some have already) I will buy a few at much more appealing price than they are now

They say this may go on for the next 5 years. So the price of a house should go down even more than what it is now.

Home prices in Vegas were very affordable when we got here 5 years ago. A year or so later, hordes of investors swarmed in from other countries and bought up a lot of houses, flipped them and drove up our prices. We were also invaded by Californians who did the same thing and ruined our economy. Many of these "investors" took out ARMs and thought they would be able to refinance for a ...

Homes are for nesting in NOT investimng in! House prices are then relative as we need somewhere to live. Thank you to Roland for explaining how this has happened. Got a bit better yesterday after your interest rate cut.

Homes are a commodity, just like most things. Shares are very risky, pensions are worthless and inflation eats at any savings and so property is a good investment.

Quote: Originally Posted by ultimatehandyma Homes are a commodity, just like most things. Shares are very risky, pensions are worthless and inflation eats at any savings and so property is a good investment. 1) Over time it is proven shraes out perform deposit accounts and property. 2) Pensions are invested...

Tony and I were ruminating about real estate we could have bought for investment and how much it is selling for now! A very sado-masochistic type of conversation for both of us........

Quote: Originally Posted by JASPER 1) Over time it is proven shraes out perform deposit accounts and property. 2) Pensions are invested in shares. they are made worthless by the stupid requirement that you have to purchase an annuity with them yield a paltry 5% or less of your fund for life. 3) Inflation 3% Savings Isa 6% Nuff ...