4 ms·
House prices in the UK have been rising continuously for how many decades? And have doubled how many times in that time? I don’t think anyone would have predict
by mrcartmeneses 4y ago
House prices in the UK have been rising continuously for how many decades? And have doubled how many times in that time? I don’t think anyone would have predicted the next PM would be about as bright as used coffee grounds but, that’s what happens when you cough up the dregs of the Tory party and give it power.
- kypro 4y agoThis isn't a UK specific thing. House prices have trended up with affordability in all developed countries as interest rates have moved lower over the last several decades. While it was always reasonable to assume rates could trend higher in years to come, given the deflationary effects of demographics in Western countries, globalisation and automation, I think a lot of people would have believed a path similar to that of Japan was more likely over the coming decades. Also if had brought my house several decades ago I'm sure I wouldn't be in this position right now. It's lose, lose for my generation. You either rent at stupid prices and own nothing, or you take a gamble and buy a house. I understand why people blame me for this, I just don't know what more I could have done. I didn't buy a house at the limits of my affordability unlike some do (and are basically forced to do). I'm also quite well read on financial markets so for me to make this mistake I think probably says something about how easy such a mistake was to make.