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Bank must burn housing bubble

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Bank must burn housing bubble

Post  Panda on Wed 7 May - 7:48


The answer is NOT to increase interest rates because that means many first time buyers will not be able to borrow enough. Put a limit on the cost of a property , when there is s lull in buying the Banks lower interest rates , the Government is willing to lend at reasonable rates to first time buyers , properties rise in price dramatically and the whole scenario starts again.!!!

There was a case the other day of a couple putting in the highest offer fro a house and within minutes someone else had upped their offer by £5,000!!! Too many properties bought on a buy to rent basis .

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