twatmangle Posted August 29, 2010 Share Posted August 29, 2010 If wages are not going up, where is the money going to come from to support rent increases? Rent downsizing. If you can only afford a certain amount for rent, then you can only afford a certain amount. Doesn't mean you automatically stay in the same type of rented accommodation. If the people above you are downsizing, they can afford your place, and you'll have to move somewhere smaller. Quote Link to comment Share on other sites More sharing options...
cybernoid Posted August 29, 2010 Author Share Posted August 29, 2010 you'll have to move somewhere smaller. Like new Zealand. Quote Link to comment Share on other sites More sharing options...
Sonic the Hedge Fund Posted August 29, 2010 Share Posted August 29, 2010 As interest rates go back up - thousands of rooms will be advertised by desperate 'neg equity' mewers + I/O mortgage houseOWE_ners! So supply of homes is NOT slow and inelastic......exisiting stock can very qucikly produce a much larger number of 'homes', simply by sub-dividing the exisitng units. As Durch pointed out the demand side is equaly flexible Quote Link to comment Share on other sites More sharing options...
MrPin Posted August 30, 2010 Share Posted August 30, 2010 Bolleaux! Unemployed people go to live with their mum! I know as that is what I have been doing! Quote Link to comment Share on other sites More sharing options...
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