| Comment | Which I entirely agree with, but you need to balance that against vulture capitalism - the people with enough capital to be unaffected by the next 2/3 years, who will buy up property as they know the value will be secure in the long-term, and able to extract rent from those unable to continue to afford their mortgages
Long story short, in UK recessions house prices never dip to anywhere the same extent or for the same length of time as the rest of the economy, because property is a hedge against those issues for wealth management |
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