Perish the thought. Thank goodness our farsighted rulers spent the last decade inflating asset values with monetary policy, restricting housebuilding and importing ever more immigrants, so that now interest rates have lamentably risen any decline in house prices will be short lived.
Did they ever sort out that debt servicing issue do you know? :)
"Even just a 1% rise in mortgage interest rates would cost the average family £1,000 in extra debt service payments." Just imagine!
Imagine what that might do to house prices!
Perish the thought. Thank goodness our farsighted rulers spent the last decade inflating asset values with monetary policy, restricting housebuilding and importing ever more immigrants, so that now interest rates have lamentably risen any decline in house prices will be short lived.
Did they ever sort out that debt servicing issue do you know? :)