Housing, page-58

  1. Osi
    7,726 Posts.
    lightbulb Created with Sketch. 42
    Hi Pinto


    We've been making strawberry jam.  A  plant escaped from a pot and took to the mulch.  Sadly most newish homes on 600sqm blocks don't have space for a vegetable patch or some chooks.  Yurts in old fashioned quarter or half acre back yards  may become a necessity for many.  We can but wait and see.


    Trump's debt fuelled, poorly timed and unnecessary  stimulus and  tax cuts have maybe 6 months to run and so prior to the Huawei crisis I believed the market collapse would come from elsewhere.  The US is not the centre of the economic or legal universe.  If we were only dealing with Trump's nonsense I wouldn't be worried.  The money owed by so-called emerging markets to EU banks and shadow banks combined with insufficient global economic growth is a much deeper fundamental problem IMHO.  


    People always need "suitable" and "affordable" housing.  When housing markets have fully bottomed for a while  I expect a follow-on (upwards)  return to historic affordability levels.  2020 maybe a good year to invest in residential real estate.


    cheers 






     
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.