Owning your own home

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ChasnotRobert in reply to @hippy

Still low rates though so just smash it before they get crazy when Brexit fucks the country.

Idle speculation: will house prices plummet quicker than interest rates go up? Or will it all roughly balance out so the actual cost of buying somewhere will not change significantly

Asking for a friend...

Edit: should say "armchair speculation".

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Dammit in reply to @ChasnotRobert

Idle speculation: will house prices plummet quicker than interest rates go up? Or will it all roughly balance out so the actual cost of buying somewhere will not change significantly

Asking for a friend...

Edit: should say "armchair speculation".

May 2008 to Feb 2009 house prices dropped ~16%, then came back up again:

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