You are too young to remember it but people back in the early 90s were in negative equity for up to 10 years on their property. Not sure we have got to that again…YET
Times have been shit before but I accept maybe not quite this shit
As someone who will benefit I don’t feel that much glee. There are young people recently on the property ladder who are going to be fecked. I feel very grateful that I did not live through times anything like this when I was young. I did once have a 15% mortgage but it didn’t last too long.