Quote:
Originally Posted by casstony
You'll get another chance at home ownership in a few years David IMHO. The decades long party and 'have it all now' attitudes are about to end and we'll all get to learn the same harsh lessons our grandparents faced, amidst rising unemployment, falling assett values and fragile world peace (I'll consider us very lucky if our kids manage to avoid another world war). Some would call these attitudes alarmist, I'm just taking lessons from history.
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Actually, with the state of affairs in China right now; uncontrolled commercial expansion with a governance which is unaccustomed to western investment, China may turn into a giant Dubai/Florida.
Our very own primary industries have a good percentage of their hopes and income pinned upon that very Chinese bubble.
I dunno...this is a very, very precarious position we're in...we could well end up living the village lifestyle again...would that even be a bad thing?!