@euphonik I lost IQ points reading this. An incoherent mess.
Advising people to purchase property during a pandemic is both reckless & self motivated.
Using cheaper borrowing costs as your rationale is fragile & I genuinely hope people don't blindly follow this rhetoric.
Advising people to purchase property during a pandemic is both reckless & self motivated.
Using cheaper borrowing costs as your rationale is fragile & I genuinely hope people don't blindly follow this rhetoric.
@euphonik For anyone scrolling:
"Cheap to borrow" doesn't mean "Cheap house". It just means the financing costs you less.
Think about what happened in 2008. Cheap loans, huge property bubble.
Interest rates fluctuate... rather focus on the asset prices. Is the house itself much cheaper?
"Cheap to borrow" doesn't mean "Cheap house". It just means the financing costs you less.
Think about what happened in 2008. Cheap loans, huge property bubble.
Interest rates fluctuate... rather focus on the asset prices. Is the house itself much cheaper?
@euphonik Unemployment is about to hit 50%. For the love of God, stop encouraging people to dry up liquidity & tie capital into fixed assets.
Houses will be even cheaper when houses start getting repo'd & defaults start rolling in. Don't rush.
Being overweight cash right now makes sense
Houses will be even cheaper when houses start getting repo'd & defaults start rolling in. Don't rush.
Being overweight cash right now makes sense
