How many housing bulls left?

Herbie_Hancock_I_wish

Guys I am new here with zero mortgage being older. Is it possible that people are getting very scared that IRs are at a point which is laughable? A few years ago we were amazed that 5% was the base rate. Now it is 10 per cent of that. I feel really sorry that youngsters can`t buy at a price that is reasonable price . Also for many, wages are pretty poor. Goodness knows what the Labour party were thinking about. Don`t want to cynical but when the housing market let rip I am sure government coffers did well out of it.

Hamish talks about supply but surely a £50k place my way in 1999 is surely not worth £200k now? As for the average wage, well I know a lot of people well below that. I am self employed and like other friends, I enjoyed a £40k plus a year income but that is long gone. My pensions have dropped and the annuity rates are worth about 70% less than I could have got 15 years ago. My savings would have provided a very nice extra income regarding interest, forget that. So there seems to be few places to go right now. I`m not a bear or a bull but i am, imho, witnessing a huge muck up.

So many unfunded pensions. How will they pay that? Also why should the tax payer be asked to do so?

Why oh why did we not take note of the Thatcher years? In my mind very similar to what has happened over the Labour years.