Re:London Rents Eating Up 57% of Twentysomethings’ Income
by mrec on Wednesday June 15, 2016 @06:06AM
(#11908259)
I think it's a when, not an if. The only way to avoid a housing pop is to not blow a housing bubble, and it's a little late for that.
Yes, it'll cause pain. The longer they keep kicking the can down the road, the more people get sucked into buying at comically inflated prices on the assumption of ZIRP+HPI forever, the more painful it'll be. And the politics are slowly but surely changing, as the shut-out shift from an easily-ignorable minority to a near-majority.
Yes, it'll cause pain. The longer they keep kicking the can down the road, the more people get sucked into buying at comically inflated prices on the assumption of ZIRP+HPI forever, the more painful it'll be. And the politics are slowly but surely changing, as the shut-out shift from an easily-ignorable minority to a near-majority.