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aggi
Airhead
I think that the policies to discourage 'investment' in the property market and the higher interest rates are working. Especially as the tax breaks on investing in a pension are attractive. I agree with you that the £120k would simply inflate housing prices across the board.
What we desperately need are more properties for people to live in, prices would come down and it could create employment and skills which we need. There's no incentive when people can invest in property knowing that someone will have to rent it.
Of course most of the pension funds are interested in riding the AI wave of profits so we're more likely to end up in ghettos wearing VR headsets matrix style.