RE: Bent28 Sep 2022 15:17
Yeah, I remember the 80s, when a studio flat could be bought in Regents Park for £24k. Then the boom into the late 80s until the crash around 1991. At that time, we at least had oil/gas, so much of it we were exporting. Now what have we got? A one-bedroom ex-council flat in London's east end now costs around £500k. I can see a queue of skilled professionals wanting to pay that amount only to live in an area where half the people are unemployed or on disability benefits. Interest rates will rise and a lot of people will suddenly find out that property doesn't always rise in value and they are unable to make mortgage payments. God knows what our crazy elite are going to do next.