But Mulheirn disagrees. He points to official data showing that since the 1996 nadir of house prices, the English housing stock has grown by 168,000 units per year on average, while growth in the number of households has averaged 147,000 per year. Even in London and the South East, the number of houses has grown faster than the household count. As a result, while there were 660,000 more dwellings than households in England in 1996, this 'surplus' has since grown to over 1.1 million by 2018. Similar trends are also apparent in Scotland and Wales, suggested Mulheirn.

Brought a rabbit hutch with a 5% deposit + Help to Elect? Well don't worry because it's only money and anyway, you weren't going to move for a few years. And it's probably just a blip. Just overpay your mortgage, house prices always rise over time. Oh and look! This millennial mum brought her house aged 24 - and she has a son! So if you don't buy you're missing out!!

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Posted by techieman @ 01:19 PM 6 Comments

As suggested with the negative interest rates and flooding the system with money. There is no value left and you can walk away from the monies loaned.

Australia's base rate is now down to 1%, New Zealand base rate is now down to 1%.

To put the -0.5% rate in simple terms: If you bought a house for $1 million and paid off your mortgage in full in 10 years, you would pay the bank back only $995,000.

What are the social costs picked up by the society? And what is the role of websites like AirBnb