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Incognito
Richard J Murphy
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Comments by "Incognito" (@Incognito-jf1dr) on "The UK’s housing costs are sucking life out of our economy" video.
Bsnks unrestrained lending is driving home price inflation. and instead of the market adjusting prices downwards when properties sre unaffordable, the price merely remains unaffordable but you are offered a percentage share in the property with the owner owning the rest.
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Not everyone has home owning parents.
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STOP lending ridiculous high multiples of the borrowers salary,extending mortgage repayment years and offering percentage shares of a property which keeps prices inflated. Back in the 70s you could ONLY borrow a maximum of 2 to 2 and half times an annual salary. THAT'S the way to make houses affordable for buyers
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Your logic needs to be improved
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Yeah of course he did.
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That's it ! It's all those bloody immigrants again, driving up house prices , crashing the economy, causing inflation etc etc
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Yes, and the stuff they buy is manufactured abroad
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