The European Tribune is a forum for thoughtful dialogue of European and international issues. You are invited to post comments and your own articles.
Please REGISTER to post.
There has been a recent big push of people going for second home ownership as substitutes for a pension scheme
Same here...Some friends actually started to behave totally crazy...buying and buying...mortgage after mortgage...Luckily they have tenants and rents are pretty high. But if any of them lose just one job it's going to be hell. Some even calculated that they need to buy like 6 or 7 properties to be able to live comfortably after retirements. Well housing market is pretty strong here for now but I expect it to follow European and USA at some point. We do not live on another planet and we are connected big time financially with all of you guys.
It was on TV the other day that retirees are financing their life style increasingly by taking loans on their equity.
I wonder if there will be a state pensions in say 10-15 years and as market can crash any time they can lose peoples retirement funds in a day...Interesting and scary times we live in...
Science without religion is lame, religion without science is blind...Albert Einstein
by marco - Mar 26 22 comments
by gmoke - Mar 26
by DoDo - Mar 19 18 comments
by DoDo - Mar 7 21 comments
by DoDo - Mar 12 33 comments
by DoDo - Mar 14 7 comments
by Upstate NY - Mar 15 294 comments
by Frank Schnittger - Mar 14 22 comments
by gmoke - Mar 26
by marco - Mar 2622 comments
by DoDo - Mar 1918 comments
by Upstate NY - Mar 15294 comments
by Frank Schnittger - Mar 1422 comments
by DoDo - Mar 147 comments
by alexc - Mar 126 comments
by DoDo - Mar 1233 comments
by paul spencer - Mar 113 comments
by gmoke - Mar 7
by DoDo - Mar 721 comments
by fjallstrom - Feb 28115 comments
by talos - Feb 23171 comments