Agreed, but the cold hard reality is that there are simply not enough houses, particularly in the usual "hot spots". And if we are to believe all the gloomy talk about influx of more eligible immigrants from January, the situation cannot become easier. I suspect this topic could well become a "hot potato" along with energy bills for the election punch up coming soon.
Well ... I agree with you - and have mixed feelings about this.... its annoying from the share price perspective but we definitely don't want more bad lending, or people trapped as interest rates rise. The reckless lending referred to relates as much to the schemes themselves as anything else, and I was never a fan as the biggest issue with the housing market seemed to me to be that it was overpriced, rather than people couldn't borrow enough. The markets will get over this at the end of the day.
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