Next Stop Recession?

Swedish Paul

Member
Messages
1,488
It should have been allowed to happen as part of the usual long term economic cycle but QE, artificially low interest and inflation rates, stupid house prices. People have got short term memories, over extending themselves. Now, it’s really going to hurt. This correction is not going to be pretty.
 

philw696

Moderator
Staff member
Messages
19,900
Better runaway to France and hide in the countryside retreat and just watch sport and drink 1euro wine. WCPGW!
Thought you were describing me then for a minute but I spend more on wine and usually Bio.
Nearly 4 years here and I love it :)
I see Bitcoin seems to be over.
Something I don't understand but I know a few with some serious money in it.
 

midlifecrisis

Member
Messages
12,879
Gentlemen, those properties are too far from La Sarthe. And too much. I'm sure French property doesn't cost that much. Now this place I would be interested in. For those that don't know, it's on the D307 south of pontvallain.

101704
 

urquattrogus

Member
Messages
548
Looking forward to car prices perhaps becoming more sensible, whilst thinking oh bother it's now not a good time to sell one of my cars; contradiction in terms etc.....

On the other hand a little scared because I bought my first property in 2009 so have only known low interest rates/rates go down.

Work wise it is quite scary, we are still doing well but clouds are on the horizon whilst everyone quite rightly would like a pay rise and our bills have skyrocketed.

The French properties look nice, although I'd much prefer Italy, perhaps until I remember how flakey their banks are and the bureaucracy as a non dom.