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Originally Posted by Rhisiart  Add to that millions of people in China who suddenly fancy a juicy steak and fries instead of boiled rice, causing farm and produce prices to take a hike all round the world. |
Yes, those damn Chinese are developing a taste for luxurious foreign food. What is this world coming to?!? What next? The Africans asking for a more varied diet? How terrible!
It should only be the West that has access to Chinese takeaways on every street corner. Heaven forbid that those Chinese get Western takeaways like we do in the West.
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And let's not forget the Iraq debacle and rising oil prices.
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But I thought the Iraq war brought us cheap oil? That's what it says on the t-shirts the cool kids wear.
No. Unless you fancy living under a real dictatorship with real censorship and real state funded terrorism.
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Anyone want to buy a house?
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I do. Hopefully sometime later this year or early next year. The trick is to save up enough for the initial down payment of the mortgage and not to take a mortgage that is too large for you to handle. If its a choice between getting a £250k house by pushing the limit on your finances or a £200k house that gives you more financial breathing space, most people are greedy and opt for the former. When you have practically no reserves, any change in the economy is going to bite you hard.
Also don't buy to let. The way most people do it here in the UK, it is tantamount to gambling since you are gambling on property prices continuing to rise. The lure of quick and easy money from the buy to let phenomenon is what's caused the housing market in the UK to be in such a mess.