Re: Today in Trump
Originally Posted by Kirkland Laing
You have just proven my point yet again. Of course the stock market does not reflect the real economy.
If it was supply and demand in property then I am not sure where 10% a year came from unless immigration was way beyond estimation. Or if like with stocks the rich own a lot more property than they should. Either way interest rate rises would sink ordinary mortgage holders who have mortgages on generally overpriced properties. Foreigners should not be buying property unless they have an equal deal in their home countries where we can too. Thus bye bye China and India.