Over the last 50-70 years the UK made the choice to stop building social housing and to sell off the existing stock with aggressive government subsidies.
Complaining now is a bit like complaining there's no milk after you sold the dairy farm to build a casino.
I read TFA but I'm not seeing anything but useless outrage that would have been better placed 20-30 years ago
I became a first time property owner at 36 and it took a top 2-3% percentile income + my partners more median salary to do it on the outskirts of London
My mortgage runs until I'm 70 and I, like most owners now, are entirely dependent on the housing casino game continuing. If houses ever return to good affordability I'm screwed.
I have to refinance every 5 years, because that's the game in the UK, so if rates spike I'm also screwed.
Everyone in UK housing, owner or rented, is screwed and it's been this way for decades.
Complaining now is a bit like complaining there's no milk after you sold the dairy farm to build a casino.
I read TFA but I'm not seeing anything but useless outrage that would have been better placed 20-30 years ago
I became a first time property owner at 36 and it took a top 2-3% percentile income + my partners more median salary to do it on the outskirts of London
My mortgage runs until I'm 70 and I, like most owners now, are entirely dependent on the housing casino game continuing. If houses ever return to good affordability I'm screwed.
I have to refinance every 5 years, because that's the game in the UK, so if rates spike I'm also screwed.
Everyone in UK housing, owner or rented, is screwed and it's been this way for decades.