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Low Rates Make Property More Unaffordable... Well I Never!

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Once again the MSM finally grasp what folks on HPC have been saying for years....

http://www.dailymail.co.uk/money/comment/article-3789600/SIMON-LAMBERT-Low-rates-pushing-homes-reach.html

Some very good comments on that article, some people are finally catching on. The bloke who mentions that even the smallest rate rise would bring the whole house of cards tumbling down is spot on.

Just don't see this ending well...

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Of course lower rates mean higher prices....nobody noticed that.

So what happens when they pay you to borrow, the cost will increase, the fees will increase but the money to pay every month to repay can only go up.....;)

As house prices are rising faster than wages and people take time out to have children, the next home is unreachable for growing numbers of people....the gap has become too great. So who are the winners and losers, little to do with education,schooling or even job....more to do with what home your parents brought and where and what year and place you were born, down to how many siblings you have.....;)

Edited by winkie

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Selling papers or getting votes have help deny this fact. How often on this forum do people suggest that the Housing Crisis© can be solved by building more houses?

The solution is put rates up. It really is that simple, yes there will be a HPC but in a few years the crisis will be a distant memory.

PS Does anyone know how to contact the Mods, my account is busted.

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