we have all caused the problem23 Dec 2022 06:44
interesting to read about landlords etc and housing problems , but no one will admit it was us all , not the mps ,well the gov shouldnt have allowed us to be greedy , all the supposed help in the past to but your first home should have been just that your first home !! , all the buy to let , no deposit , interest only , miras , the laugh a bout miras was when they scrapped it for general peeps you could still get it on a second mortage for a while , just looking after the wealthy all the time ,if all the above had only been allowed for your first home the rest of us greedy buggers would not have bought up all the cheap places to then hike the rents to those that could ill afford it ,and as the interest rates came down and tax was lower we all crawled over each other to get as big portfolio as poss ,pure greed ,. as interest rate for mortages came down great for those trying to get on the ladder ,but we had all pushed up the prices ,we should never have been able to get the low rate to borrow on second /third etc ,the rates should have increased the more you bought ,and that may have meant savers [ whose money you were borrowing] could have got a little return and as in my case not looked for somewhere to get interest my money . WE ARE ALL TO BLAME . nice knowing you chaps , didnt think i would make xmas but thanks to the wonderful nhs here we are so have a good time all with friends and family and dont forget there are more important things than spread sheets i wish i had realized a long tome ago , happy xmas all