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Howard
Agreed, I don't think it is looking good. Unless they stop doing the chronic short term thinking and really go for green new deals.
But what is one to do? If you have a job, should you go nuts and borrow now and get a house, or wait for it to really go wrong with lots of defaulting and a huge houseprice drop, at the risk of high interest rates/not being able to get a mortgage?
Wages are still lower in real terms compared to 2008, what is going to happen with yet another crash? Nothing to good perhaps...