House hunting (27)

Well I've bought a home...should be moving in about 8-10 weeks..

Over the longterm the housing market will go down as the post-Thatcher economy was built upon borrowing on your inflated property prices to fuel a consumer boom in a nation that creates and produces nothing(our money without means economy). This also allowed white collar baby boomers to disembowl our industry and our inner cities to become a non-productive and parasitic rent-seeking class, or basically a way for the old to steal from the young and the middle class to steal from the workers.

But the currency will devaluate as exporters, manufacturers and the productive men of the tribe wrestle control of the nation from the cubicle farmers, non-jobbers and rent-seekers, and what this means to you is that you shouldn't leave it too long between selling your house and buying a new one. Your money in the bank will lose significant value longterm. If you want to rent for a long time before buying another house, I'd consider investing your savings abroad(the South Korean stock market would be a good idea).

.....Already bought one..there's a slight upward trend in house prices around here at the mo..