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The great reset and a foxy futurist view of the future

by on Aug 08, 2011

  • 439 views

The 1930's will forever be known as the Great Depression. This period we are in now will be known as the Great Recession. The World economy and Industries are in a period of RESET. The Building and ...

The 1930's will forever be known as the Great Depression. This period we are in now will be known as the Great Recession. The World economy and Industries are in a period of RESET. The Building and Property market is no exception - perhaps it is even the forerunner for all industries. World wide the period 2000 - 2007 was characterised by the STORY that you cannot go wrong in investing in PROPERTY. Then the greed of investment bankers resulted in irrational exuberance and the subprime market presaged the bursting of the property bubble. Now the story has changed, and property ownership is being discredited. Rental is advocated as preferential to ownewrship. The Banks have lost their appetite for long-term lending and mortgage advances have dropped precipotously. The Building Industry has suffered the same fate. An Industry that doesn't have a story to tell will have one imposed on it - and it will be very difficult to reverse. There will be unintended consequences and leaders in the industry must promote building as an engine for growth and wealth creation and property as a preferred investment.

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