> longer term mortgages These exist because prices have jumped up so much relative to income, so it's a side effect of speculation really. > Another way of pu

> longer term mortgages These exist because prices have jumped up so much relative to income, so it's a side effect of speculation really. > Another way of putting it, is that real productivity is way down, and the real economy is in deflation - stuff is getting cheaper, and the opportunities to create value are fewer and far between, the only places left are the stock market and housing etc.. That worries me. I'd rather prefer growth to come from new IP than magic assets that can never go down.