Were going to fuck over anyone not lucky enough to have bought their property in cash.
I know that lots of homeowners are sweating are the moment, but we can’t ignore the overvalue of property. Houses are way too expensive, and some people might lose out. I’m not sure how sympathetic I’m supposed to be about this. No offence to OP. just saying this might be a symptom of a bigger issue.
I’ve been trying to buy a house for nearly 2 years. Only in the last 6 months has our income tipped the balance of being able to get a sufficient mortgage.
But the price increases have massively taken over.
And now, mortgages will become unaffordable.
So I’m stuck again, giving money to my landlord every month. And he’ll probably need to increase the rent to account for the increase in his mortgage payments too.
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Tl;dr
Were going to fuck over anyone not lucky enough to have bought their property in cash.
I know that lots of homeowners are sweating are the moment, but we can’t ignore the overvalue of property. Houses are way too expensive, and some people might lose out. I’m not sure how sympathetic I’m supposed to be about this. No offence to OP. just saying this might be a symptom of a bigger issue.
I’ve been trying to buy a house for nearly 2 years. Only in the last 6 months has our income tipped the balance of being able to get a sufficient mortgage.
But the price increases have massively taken over.
And now, mortgages will become unaffordable.
So I’m stuck again, giving money to my landlord every month. And he’ll probably need to increase the rent to account for the increase in his mortgage payments too.
Thanks Government. Thanks a lot.