Friday, February 22, 2008

Mortgage lending increase

Seems that a lot of people are borrowing these days. Except probably in the US where there's a recession, mortgage lending is going up, meaning people are doing well and investing in properties. Its good. Properties, after all, are a really good investment to make. Something one can count on if the going gets tough, and though its not really liquid, its value generally goes up as the years go by, unlike cash in the banks that sleep over time. Literally. Which is why hubby and I see it fit as well to invest now that we're young and the kid is still not in school. Even if we have to pay for mortgages for the next so many years, we are guaranteeing ourselves an investment over time. Something we really need to do while we are young.

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