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Strategist
2014 Mar 10, 9:30am
California, Hawaii, New York and Florida are following suit.
Everyone wants a piece of the real estate pie.
turtledove
2014 Mar 10, 9:33am
California, Hawaii, New York and Florida are following suit.
Everyone wants a piece of the real estate pie.
I guess when they have to start living in their cars, there are worse fates than a BMW.
Dan8267
2014 Mar 10, 10:55am
Britain: Filling a Hole With Real Estate
I've been trying to fill a hole in Britain ever since I saw Kate Beckinsale in Much to Do about Nothing.
indigenous
2014 Mar 10, 12:19pm
"A country’s current-account balance reflects its net financial position with the rest of the world. If, like the U.K., a country has a trade gap, or has less investment income than it pays out, it runs a current-account deficit. This deficit is balanced on the other side of the macroeconomic accounting ledger by capital inflows."
Yup there is going to be a rebalancing, bigtime.
indigenous
2014 Mar 10, 1:07pm
So what happens when most nations run account deficits? Who fixes that? Even China is having some problems compared to the past.
It fixes itself although in China's case it is going to be rough, and rougher if they try to fix it and keep interest rates low.
zzyzzx
2014 Mar 10, 11:50pm
So what happens when most nations run account deficits? Who fixes that?
The market fixes that, and you end up like Greece, eventually.
indigenous
2014 Mar 11, 12:52am
So we all end up like Greece, the entire world?
Yup, until it collapses... ceptin it is gunna be world wide, save the countries without debt as they don't have anything to "correct"
Britons have a huge demand for foreign goods—on a broad measure the country imports far more than it exports. So where does the U.K. find the money to buy all this stuff?
Increasingly, an examination of fund-flow data shows the answer is property. Foreigners snapping up U.K. real estate have become a vital source of cash. Simply put, the U.K. is selling Belgravia to buy BMWs and swapping Islington for iPods.
http://blogs.wsj.com/moneybeat/2014/03/10/britain-filling-a-hole-with-real-estate/
#housing