27
They did this before 2008 and it ended up being responsible for the credit crunch. Housing needs to cost an amount that doesn't require such extreme mortgages.
I guess the people who profited from 2008 have decided it’s time for another slurp at the trough.
Current interest rates with six times my salary - not sure I could even afford the repayments.
Here comes the next house price hike wave, then.
Nationwide are also launching deals under 4%.
It's a shame wages weren't keeping pace.
Six times income! Fucking heck.
Build more houses you bastards!
What could go wrong?
I'm going to assume that by "some" they really mean "the rich ones where mummy and daddy have provided a massive deposit"
this post was submitted on 23 Sep 2024
27 points (100.0% liked)
United Kingdom
4114 readers
166 users here now
General community for news/discussion in the UK.
Less serious posts should go in !casualuk@feddit.uk or !andfinally@feddit.uk
More serious politics should go in !uk_politics@feddit.uk.
Try not to spam the same link to multiple feddit.uk communities.
Pick the most appropriate, and put it there.
Posts should be related to UK-centric news, and should be either a link to a reputable source, or a text post on this community.
Opinion pieces are also allowed, provided they are not misleading/misrepresented/drivel, and have proper sources.
If you think "reputable news source" needs some definition, by all means start a meta thread.
Posts should be manually submitted, not by bot. Link titles should not be editorialised.
Disappointing comments will generally be left to fester in ratio, outright horrible comments will be removed.
Message the mods if you feel something really should be removed, or if a user seems to have a pattern of awful comments.
founded 2 years ago
MODERATORS