RE: PremierMiton30 Oct 2024 09:41
I agree, Investor New Labour under Blair did not put in place the reforms necessary to regulate the housing market. Massive mistake. However, at least interest rates were at all-time lows back then. Then along came Liz truss! We have now created a housing system where it is nigh on impossible to buy unless you are helped by the bank of Mum and dad, especially in the big Cities. This is the root of so many social ills. If you work in teaching, social care, nursing, public admin, how on earth do you ever get to the point of being able to secure a mortgage of £300k plus? The basic paradox that so many people on the right don't get is that more good regulation creates more freedom for more people. The right have brainwashed the populace to believe the opposite. Anyway, back to Matd, I hope this turns around soon as I'm now on a £800 paper loss. That's a lot for me.