| Comment | I am guessing you are under 30 ? Hence you don’t think lending is cheap. My 0.79% mortgage rate is essentially free money and a negative rate when inflation is factored in.
The biggest determiner of house prices is availability of debt. Less availability pushes prices down. Supply of housing may push it up but that’s another matter.
If you are looking to get on the ladder, have a good job etc you will be much better off long term with higher rates. Otherwise the rate of house price inflation will be more than what can be saved ave and the situation gets worse.
Anyway, back to my spreadsheets zzzz |
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