Owning your own home

You are reading a single comment by @konastab01 and its replies. Click here to read the full conversation.

•

NickCJ in reply to @princeperch

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

•

konastab01 in reply to @NickCJ

The current pumping of the housing market can’t continue much longer at the rate it’s been going on the last 4/5 years and more so in the last 18 months.

People are gonna get burnt and it’s a tough pill to swallow but might be a lesson.

•

NickCJ in reply to @konastab01

People are gonna get burnt and it’s a tough pill to swallow but might be a lesson

I'm not sure what the lesson is - be born 30 years earlier? You can't opt out of the housing market unless you emigrate (and you can't go anywhere good these days - thanks Brexit). Either you get shafted by a landlord or you leverage yourself up to the tits & buy.

About

Avatar for konastab01 @konastab01 started