The fall of the Tory party

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Hefty in reply to @villa-ru

forecasting 9% drop in house prices

House prices have risen about 14% in the last year, depending who you believe, so a 9% drop puts us back to where things were about April this year.

It’ll be loads more than 9% won’t it? The cost of borrowing has gone up 500%. I reckon 20%.

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Gewürzt in reply to @Hefty

Who knows what's going to happen? Even with the 6% mortgages it still works out cheaper monthly to pay the mortgage than renting the equivalent in London so I wouldn't be surprised if things plateaued rather than go down, fuck knows for the rest of the country but yeah probably not great.

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Stonehedge in reply to @Gewürzt

That's a good point actually. Our mortgage will be going up by £700pm in a few months but it's still going to be about £400pm less than my renting neighbours are paying at the moment...and that's before any mortgage rate rises are passed on to them.

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