The economy is looking like it’s going to collapse. The government are panicking by putting £50million of our own money into the banking system in an attempt to get a few more people on the housing market and stop the inevitable collapse of house prices.

The prices will crash and this is good for current students as in 4 or 5 years time housing SHOULD be more affordable. A well known economist predicted there would be a housing price crash starting in 2008. He says there is an 18 year cycle. 14 years of stable or growing prices followed by around 4 years of falling prices.

So how will the recession affect students?

Money will be tighter with costs of everyday goods going up, but if you can pick up a part-time job and save a bit of cash whilst you’re at University you’ll be in a great position when you finish.

You’ll need to start being a bit tighter with your cash and not piss it all away drinking to 4am every morning. Be a wealthy student, not a skint student!

I’ll be blogging more soon on this subject, but busy writing this book at the moment!