Property market can still go bang in the face of investors

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Assets are not expected to see the growth experienced by previous generations, and that includes bricks and mortar

Jonathan Davis Financial Planner Has the (residential) property sector learnt the lessons of the technology boom? (re: 15 Nov editorial) Of course not. The last generation experienced double-digit inflation for most of their working lives, which means their salaries rose fast. So, when it came to settling debts, a massive mortgage in 1975 felt like a personal loan by 2000. We do not have as much inflation now and we are not likely to for the foreseeable future. Post-war, it was all about full employment so interest rate policy was lax. Now all four major central banks are committed t...