Owning your own home

You are reading a single comment by @Stonehedge and its replies. Click here to read the full conversation.

•

8b in reply to @Stonehedge

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.

•

Stonehedge in reply to @8b

The thing is, when the interest rates are 7%, rents will follow suit also. Landlords need to cover their mortgages...

•

NickCJ in reply to @Stonehedge

I agree that rental yields will go up, but this will happen mostly because property values go down, not because rents will rise. I don’t see how there is any additional ability to pay when the average rent as a % of net income is trending towards or even above 50%

About

Avatar for Stonehedge @Stonehedge started