Comments on: Property Snake could poison your travel plans

By: Karen Bryan

Karen Bryan — Sat, 06 Sep 2008 10:43:53 +0000

I agree that a new US president won’t make much difference as these are international problems and one country can’t insulate against the effects of what’s happening globally.

Things seem to be getting worse in the UK with the falling house prices, less competition in the mortgage market, the pound dropping in value, and ever increasing energy and food prices with inflation running at 5%. It’s going to be hard to find the disposable income for travel.

By: The German

The German — Sat, 06 Sep 2008 03:12:37 +0000

Hi Karen. Nice article.
And what you say is right - a new US president will not make much of a difference as this is much deeper. The economy and the housing boom are directly related.
And actually, there is not much to worry - what goes around comes around. All these days, prices went up. Let it come down a bit and then it’ll go up again!!

By: karen

karen — Sun, 01 Jun 2008 08:54:57 +0000

Yes the credit crunch is affecting many people.

Renting out your home is a great way to fund your trip or at least to pay the mortgage if you plan a long trip.

By: familyonbikes

familyonbikes — Fri, 30 May 2008 20:18:29 +0000

We certainly won’t be buying a second home!! That being said, our home is about to provide a bit of income for us, so I’m glad we have it. We will be taking off in 9 days to ride our bikes from Alaska to Argentina and we’ll be renting out our house. Since the house is paid for, we’ll be able to use that money for living expenses while on the road.

I feel so badly for all the people who are losing their homes. I feel so fortunate to be able to do what we are doing!

http://www.familyonbikes.org

By: karen

karen — Wed, 09 Apr 2008 16:19:00 +0000

Thanks for your comment Peter, Not sure how much difference a new US President will make to the economy now things seems to be heading south. I think travel spending is bound to be affected, just hot sure to what extent..

By: Peter

Peter — Wed, 09 Apr 2008 15:07:48 +0000

Very interesting article Karen. It remains to be seen how difficult the recession will be - there is no doubt that people are already trimming their budgets. They will cut luxuries such as holidays but hopefully a new US president with better economic sense can help to rectify the situation somewhat.