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I'd actually agree with you there Marc. Though I'd add that rapidly rising property prices have eroded affordability, so there is some justification for non-owners to feel hard done by. BV, I think that the Economist has pegged the rent to buy ratio of Japan to show that prices there are 60%...

That's not to say that I think that property is a bad investment, but rather I think that now's not a great time to be highly leveraged. Over fifteen or twenty years buying a house is a good move, provided we don't see a Japanese style slump. (Hence my comment in the Did You Do Enough in 2010...

My argument for being bearish would be that in a lot of places it's cheaper to pay rent on a property than to pay the interest on a mortgage. (This UK property can be rented or bought, but the yield is 4.4%.) As such, I'm effectively shorting the housing market, and taking a gamble that I'll...

These threads always seem to degenerate into a mudslinging match between Doom and Gloomers and Perma Bulls. Even the labels are insults. Why can't we all just get along? :p I've noticed the change in tone here too. Could the mood on Somersoft actually correspond to wider sentiment in the...