Property News · April 24, 2017

Ultra-low mortgage rates aren’t a bonus – they’re a sign of a bubble | Jonn Elledge


Older generations complain of interest rates that reached 17%. But today’s record lows have contributed to house prices soaring out of reach of the youngIf you’ve ever made the mistake of trying to debate generational inequality with a baby boomer – by pointing out, say, that they benefited from cheap housing, generous welfare and free university places, before voting consistently for governments that have denied those things to their children, all the while calling millennials lazy and entitled in an infuriatingly faux-indulgent way, as if their kids’ requests that their salaries bear some sort of relation to their actual living costs makes them the sort of spoiled divas who’d call a gold-plated Uber to take them to the lavatory … Related: Higher interest rates. Great idea. Here’s why it won’t happen Continue reading…

Source : theguardian.com
Read more…Ultra-low mortgage rates aren’t a bonus – they’re a sign of a bubble | Jonn Elledge

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