It seems that a lot of people feel essentially forced to take out a mortgage in order to avoid the high cost of rent. The fact that they feel forced into it wo

It seems that a lot of people feel essentially forced to take out a mortgage in order to avoid the high cost of rent. The fact that they feel forced into it worries me. Maybe the demand for London property is partly artificial. I think that a lot of people who live in very big cities just want to live there temporarily to earn cash and then get out and retire somewhere else. Personally, I don't want to take a mortgage because I'm afraid that house prices will crash when the next financial crisis comes along.