A look at the Cape Town property market.
What the hell indeed, CTB! The passing of the NDAA bill in the US is timeous. The nullification of this Federal bill by Arizona and Virginia kicks off the eventual dissolution of the US many years hence. Try find the nullification news in the MSM!In Greece Golden Dawn, which has vowed to kick out immigrants and mine Greece's borders with Turkey, was predicted to win between 6.5-7.5%, well above the 3% needed to enter parliament. If borne out by official results, it will be a stunning result for a party that won just 0.23% in the 2009 elections.Do you see the 1930's with a twist yet?My apologies for not having posted here in a while. Been busy prepping our experiment. Within a few days I will be going to cloudier climes up North for a ringside seat to this mess.In the 30's there was migration from the farms to the cities. We believe, my family instinctively and me analytically, that this will reverse slightly in this Western depression. As we need high speed internet access and major centres within the hour as well as better safety and security being on the outskirts, we have chosen up North. I think the kids will do well too having a balance of technology and rurality.I have rented a beautiful 6 bedroom barn conversion with great views on about 3 acres for around R21K. I had a look around here on a non purchasing power parity basis and found some pretty nice places but nothing like that. Since I earn there, roughly 2.3 times what I do here I also looked what I would get here for around R9k. I was disappointed.CJ this inflation is certainly ramping up worldwide my friend. Asset deflation is right there with it. Never fear, Africa is the next big thing, it has to start somewhere! Keep a finger in the pie and definitely look over the border from here. This might be a gateway but no one ever hangs out in a gateway, they walk to whats inside.Anyway thats my ramblings for this evening. Good to see you all and good luck!
Maybe no housing rebound for a generation: ShillerHe has got that right, as long as you in by 2030 you will be fine.
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