Crosswords1 min ago
Latest Frightners From The In Crowd.....
8 Answers
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Still may pick up some out votes from youngsters struggling to buy a pad eh?
Still may pick up some out votes from youngsters struggling to buy a pad eh?
Answers
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Quite so, QM.
Among the claptrap spewed out by “Project Fear” is that house prices will fall considerably and interest rates will rise. The country has a huge housing crisis caused by too much demand and too little supply (which is basically down to over-population). But prices are soaring because those already owning (or buying) a house can trade up because interest rates are preposterously low. Thus it’s a sellers’ market, and has been for some years.
Quite why a Brexit should cause interest rates to rise is unclear, but if they do the rise will only be marginal and do little to cool the housing market. Houses for many (especially the young) are unaffordable but it is not mortgage repayments (at ultra-low interest rates) that are the problem. It is the deposits required and the inflated prices. So a drop in prices, albeit coupled with a modest rise in interest rates can only be of benefit to the young trying to get on the housing ladder. They should definitely vote “Leave”.
Among the claptrap spewed out by “Project Fear” is that house prices will fall considerably and interest rates will rise. The country has a huge housing crisis caused by too much demand and too little supply (which is basically down to over-population). But prices are soaring because those already owning (or buying) a house can trade up because interest rates are preposterously low. Thus it’s a sellers’ market, and has been for some years.
Quite why a Brexit should cause interest rates to rise is unclear, but if they do the rise will only be marginal and do little to cool the housing market. Houses for many (especially the young) are unaffordable but it is not mortgage repayments (at ultra-low interest rates) that are the problem. It is the deposits required and the inflated prices. So a drop in prices, albeit coupled with a modest rise in interest rates can only be of benefit to the young trying to get on the housing ladder. They should definitely vote “Leave”.
"If the UK did not maintain free movement of labour after a vote to leave, the research claims the population of the UK could fall by more than a million people, as EU workers return home."
Wow ! Great ! That means the urban sprawl they're forcing on us just down the road from me will not be needed, and the inevitable fall in house values that would have occurred will be avoided. Brilliant !
Wow ! Great ! That means the urban sprawl they're forcing on us just down the road from me will not be needed, and the inevitable fall in house values that would have occurred will be avoided. Brilliant !
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