Re:London Rent vs. London Salaries
by misja111 on Sunday May 14, 2017 @01:28PM
(#14336489)
It is also related to the height of the mortgage rate; higher rates means more people cannot afford to buy a house, so house prices go down.
With the current unprecedented low interest rate levels it is hard to imagine, but there was a time that mortgage rates were above 10%. And there is no fundamental reason why they couldn't go back to those levels one day.
With the current unprecedented low interest rate levels it is hard to imagine, but there was a time that mortgage rates were above 10%. And there is no fundamental reason why they couldn't go back to those levels one day.