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No idea. It is a problem that no one will address in democracy because it is a massive long term plan and will people voted out. Will they make it harder to live longer? Make care for people over 90 years old more expensive? No idea. But it feels like something in that realm that would be...

It is the issue of them being the wrong age. Not a problem until people get older and not enough people to pay for them.

Also worth bearing in mind that we need to keep getting more people into work. With people living longer it means we need more workers to fund their retirement. I am sure I heard that we have just shifted to those kids born now to have lower life expectancy than their parents (or something like...

My old man is one of the landlords. I am benefitting from it. It is nuts he can. I would say that low interest rates do create demand at this price. If money was not so easily available then demand would fall because without cheap money people can’t pay it so fewer buyers. Obviously I wrote a...

Is that last night the full story? There is only such high demand to buy because of very low interest rates and small capital gains. If people got smashed by tax for building property portfolios then the price would drop because less demand to buy houses. If house prices drop then everything...

80k was top 5% of income tax payers in 2019. https://election2019.ifs.org.uk/article/labour-s-proposed-income-tax-rises-for-high-income-individuals

I thought that after 2007/08 we would not see the ridiculous bubbles in housing. I could not have been more wrong. It is insane. Surely it can’t keep going up can it?

I agree with this. Take an example of someone with 300k mortgage. 25 years at 1.5% is monthly payments of £1200. If this becomes 5% then it is £1753. As you say that £550 is also inflationary. If rates went up and lots of people got to the end of their fixed rate then it seems inevitable...

It is really interesting what is happening. House prices continually rising is nuts. I can’t compute how people can afford to live with some of the mortgages they have. I guess there is excess demand because money is so cheap to borrow. If interest rates went up then suddenly people can’t afford...

We were due to exchange contracts this week. I am under house arrest for 2 weeks. We are buying off a developer and doing part exchange for ours. I think it is very unlikely we will go through with it at expected price. I simply can’t afford to take that risk. If they want to do a deal then we...