Friday, September 18, 2009

Very Long Term Economic Value

I've fretted before about the true significance of NAMA's Long Term Value gamble. And it seems they're also fretting about the long term in California. Indeed, Ireland's economic difficulties have been compared to the Left Coast's own local problems recently.

I just hope our property market isn't following a similar trajectory: 2030 seems an awful long way away. As far ahead in the future as 1988 is in the past. Gulp ...

(ht: Infectious Greed)

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