Comments by "gerhard7" (@gerhard7323) on "UK Wealth Inequality is Increasing and Its a Problem" video.

  1. Lenders will always lend the maximum amount they think they 'responsibly' can against a property. It's an escalator that apparently keeps on rolling inexorably upwards as long as the actual economy can support the payments. The UK economy is highly dependent on mortgage lending and thus the expectation that property prices will forever keep rising is a, for now, one way bet. 'Mortgage loans as a share of gdp reached 115% in 2023 in the United Kingdom, according to the National Central Bank. This is 8.19% less than in the previous year. Historically, mortgage loans as a share of GDP in the United Kingdom reached an all time high of 137% in 2020 and an all time low of 45.2% in 1996. United Kingdom has been ranked 2nd within the group of 74 countries we follow in terms of mortgage loans as a share of GDP.' HelgiLibrary
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