Archive for the ‘investing’ tag

The Shadow of the Recession   no comments

Posted at 11:47 pm in Economy

New Years Eve and Day have vanished in a blur, and now here we are in a properly new year, staring 2010 in the face. Everyone is making their new year’s resolutions. Traditionally, of course, this is a time for change, a time for a fresh start, a time for renewal. This is a time to be the person you want to be. But some things, it seems, don’t change. I was browsing a list of property prices in 2010, and couldn’t help but notice that here, in the property market, things seem as horrible as ever.

I’m almost certain that I read something about house prices going up, and might have even blogged about it a while ago, sometime towards the end of last year. Some news story or hint or glimmer of hope that suggested change – of a good variety – was on the horizon. But evidently I remember wrong.

No matter how you look at it, things for our economy are still not looking good, and as a recent graduate, that’s quite a scary thought. I still know people who are looking for a job over a year out of university. There was a time when having a degree alone was enough, but not anymore.

All the word at the pub tonight was about mortgages, too – even mortgage rates are under the shadow of this repression, which, like the enemy in a horror movie seems to never go away.

Here’s hoping things pick up soon. Otherwise, it’s not much of a happy new year so far. It’s not just affecting property buyers and home buyers, it’s affecting everyone countries’ property investors if things continue this way. Or any countries’, for that matter. But I suppose you can say that about a lot of jobs, in these times.

Written by blog on January 10th, 2010

Tagged with , , ,