A recent article in the Times has stated that cash rich people are fed up with the potential devaluation of their cash due to saving rates not high enough to even keep up with inflation.

Yields of 4 to 5% are attractive to these people!  Little do they know of low value high yielding properties which rise like self raising flour.

It is really happening now:

The professional investors have stayed in the market

The cash rich non-professional investors are coming to the market as they have no choice

The bank of Mum & Dad first time buyers are back in the market

All we need to spoil the party is lending to resume back to normal.  I do not want to panic you but Northern Rock has just announced they are going to lend £14bn over the next 2 years.

So is this the quickest crash in history?

You decide......

To view the Times article Click Here.

Ajay

Posted on: 23rd Feb 2009

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