RE: The FED speaks15 Dec 2022 19:14
Massive housing shortage in 2007/8, exponentially greater massive housing shortage now due to increased population, and housing each year since not even keeping up with each years rise so revenue greater gap in demand and supply- rental rates rising massively faster than mortgage rates over that time. U.K. interest rate was 5.75 in 2007, now 3.5%. House demand will continue to rise over the years guaranteed - answer this question- we have one of the worse state pensions in Europe- how is someone supposed to afford the rent when they can no longer work and are a pensioner? This is why people
In the U.K. want, and have to buy their own property- plus rental is more expensive than borrowing to buy for those that can, plus housing on this tiny island will always be simply not equalling demand and forever the gap will get greater- this is why I have a home, another property and helped my kids buy there's - you can always rent a room out of you have financial issues and so on