The borrom two are the same as the top one (GDP growth minus a component of debt, left is US, right is eurozone).
Europe's grwoth thus also has quite a strong debt component. Whether it's "good" debt or not (as per Colman above) is hard to tell, but it's clearly there. In the long run, we're all dead. John Maynard Keynes
After all I need somewhere to live, recession or no recession. Peak oil is not an energy crisis. It is a liquid fuel crisis.
But in general it depends largely on how long you plan to keep it and what area it is. If you for example plan to live somewhere for the a rather long time, and pay down loans while you live there buying is probably not a bad idea. When you move and sell you might turn a profit or a loss compared to living in a rented flat. But unless you bought at the peak or your area becomes depopulated you should be able to pay back your loans and have a downpayment for your next home.
And as you say, you need somewhere to live. A vote for PES is a vote for EPP! A vote for EPP is a vote for PES! Support the coalition, vote EPP-PES in 2009!
The area will absolutely not become unpopular or depopulated. And I won't loan the money but pay in cash.
And renting is not an option. In Sweden we have rent control (aargh!) which means it is impossible to find an apartment to rent.
Any more ideas and comments?
Please! :) Peak oil is not an energy crisis. It is a liquid fuel crisis.
I only wish Oslo still had some rent control housing. Maybe I could hope to afford renting an appartment here then... But then I don't own an appartment in the "right" part of Stockholm and cheer when the conservatives win elections.
So stop your whining about my upper middle class travails. Peak oil is not an energy crisis. It is a liquid fuel crisis.
That possibility, pressure to leave the euro, to reinstate inflationary policies to mitigate private and public debt, that is the danger I see to "Europe" (as in the plural) rather than Anglosaxons plus Spain.
On another note, I should find the post from Escolar showing "renovated" living spaces up for sale in Spain. Precious, I had to do the measure conversion to English units, but I know that 15m2 is a small flat no mater what the unit of measure. And I'll give my consent to any government that does not deny a man a living wage-Billy Bragg
Because they're damn near the same size. And I'll give my consent to any government that does not deny a man a living wage-Billy Bragg
I wonder what the EU's graph would be done the fort way. *Lunatic*, n. One whose delusions are out of fashion.
