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Indeed. Ever increasing prices of UK property is desirable to keep entire sectors of the economy in work, most working with percentage fees of the property pri
by DrBazza 3y ago
Indeed. Ever increasing prices of UK property is desirable to keep entire sectors of the economy in work, most working with percentage fees of the property prices: estate agents, legal and conveyancing, house builders, plumbers, decorators, electricians and so on. And that doesn't cover other secondary effects like pensions investing in properties, landlords with huge portfolios, small 'investors' putting their savings into housing, and so on.
- bluescrn 3y agoThe main effect is that we've moved from a single average income being able to support a family to two incomes barely being able to cope. Soon it's going to need 3-4 incomes, and maybe relationships will have to move from couples/traditional families to 'polycules' sharing a home just to pay the bills.