London: the city that ate itself

Re:London: the city that ate itself by icu on Tuesday June 30, 2015 @03:23AM (#9803522)

What many people don't get is this is global asset inflation due to the enormous amounts of money created by central banks worldwide. The term "currency war" has been used to describe it and like any war the poor and working classes bear the burden.

My solution is to protect my family as much as possible while trying to generate enough wealth entrepreneurialy to have a seat at the table.

[ Parent | on HN ]

Re:London: the city that ate itself by sytelus on Tuesday June 30, 2015 @05:02PM (#9808400)

My solution is to protect my family as much as possible

How do you exactly do it? If you are not yet home owner, it looks like your rents would go up to a point where you are paying 10% of the property price a year. That means in 10 years you will look back and see you sunk all your money in rent while you could have walked out owning it. But at the same time it won't be prudent to buy it right now because you just can't tell how and when current bubble will end. So either way, you don't have good option when wealthy investors are coming together to squeeze you out of a fair home ownership.

[ Parent | on HN ]