| Comment | You are kind of arguing against other points you have made elsewhere in this thread. Cheap debt, cheap gas and petrol, cheap food, we became accustomed to all of it. I 100% agree. The natural consequence of restricted access to credit in the mortgage market is falling property values, especially when combined with a wider recession and a hitherto unprecedented cost of living crisis and a stagnating median wage. Property values are going to correct and that correction is down. I know people don't want to hear that, especially if they bought recently but it is almost certainly true. |
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