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If they go to anywhere close to 10pc in the next 5 or so years, the majority of the country , myself included, will be totally and utterly and irreversibly fucked
People would have said roughly the same about the average energy bill going north of £2k yet that has happened with only token policy response.
At some point the politial pendulum will swing back to the red team and the perpetual pumping of the housing market will cease? There was an interesting article in the NS the other day suggesting that public opinion is turning against rising prices, even amongst homeowners.
https://www.newstatesman.com/business/2022/04/britain-has-fallen-out-of-love-with-its-housing-market
A majority of Conservative voters would be happy if their home didn’t
rise in value if it meant others could buy, and would support the Bank
of England being given a target to keep house price inflation low and
stable
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NickCJ
konastab01
If they go to anywhere close to 10pc in the next 5 or so years, the majority of the country , myself included, will be totally and utterly and irreversibly fucked.
Personally, I will need to remortgage in 5 years time and have budgeted paying between 2 and 3pc at that time.