Nope 2008 “they” were starting to talk about “Regulating” HMOs ! - Time was past and memories of “Fair Rent Act” - killing the private rental market stone dead (UK) for many decades…- Anyway 2008 was entirey foreseeable as a very difficult time and people like Martin Weiss and Bob Prechter had put up some very convincing arguments that a great deflationary crash was coming,. Not time to be taking on debt at all !
[ Edit - In fact their analysis was good - but their assessments of the “results” “naive” - They forecast that "Gvernments woul be forced to “Let the banks go bust” - But my expectation was that they would just let inflation rip - to nullify the debt ! I was wrong - but “they” could not “Let the banks go” without destroying confidence in “Fake money” entirely !
So what “they did” was to “Bale out” the banks ! - BUT “they” hadn’t got the money ! - so where did "they " get it from ? Why “they” borrowed it of course
But where did “they” borrow it from ? - Why the BAnks of course ! and WE are paying the interest !
[Edit 2 - That’s why “Interest Rates” are low ! - if “They” let them rise, the interest on the Huge National Debts of the Govts of the “West” will cripple every working soul in the western world ! - It’s ok to “Drop hints” to raise your currency a bit - but woe betide any Western Govt - (or it’s voters ) who actually do it ! ]
- In fact - I’d be panicking if I had a rental portfolio now ! - The Parasites have the rental sector clearly in view - and will "Regulate it and demand “Registration” until they kill the host ! (Again) - However, when the panic hits the “Pyramid landlords” who cannot pay their mortgages and the auctions start distress selling the repos - There shoud be some real bargains for "first timers with access to cash and some energy and a bent for DIY !
Now you see that’s what I mean by “Fundamentals” ! not "what did Draghi say yesterday ? "
2008 or thereabouts Warren Buffett was buying Trailer Parks ! - I’ve not heard anything to say he has sold them !