The situation is even more fucked in that buying is cheaper than rent.
Its not just about investment, its about having a home.
I'm forcasting 7+% interest rates within the next 7 years, thats where I worry for people taking on £300K plus mortages at 5 times earnings in a falling market.
The thing is, when the interest rates are 7%, rents will follow suit also. Landlords need to cover their mortgages...
@8b started
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The situation is even more fucked in that buying is cheaper than rent.
Its not just about investment, its about having a home.