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BrickTop
The Times and The Sunday Times
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Comments by "BrickTop" (@bricktop7803) on "My mortgage crisis: payments have doubled so I'm forced to sell up | Times Reports" video.
Two different systems, which you do not get at all. Not surprising as you are an American and you do not look beyond your own shores. The US Property market will be in freefall in 6 months time. It jumped 45% between 2020 - 2022...it is a bubble that is bursting as we speak. Those low interest 30 year Govt fixed mortgages are useless when you lose your jobs and forced to sell. In the UK, there are no fixed term 30 year mortgages, and like the US, there is a property crash as well. Western developed countries rely on property assets increasing. There was always a reset every 12 years, and it worked fine. There hasn't been a reset since 1991....and the bubble is huge. The Govt's need the bubble to burst and get back on track with 12 year resets. Short term pain....long term gain.
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