Income is no longer a limiting factor as long as financing and affordability are present ( not real affordability of course)
In recent years the banks have used QE to build up reserves and
liquidity , they have no interest in 80% + Loan To Value (LTV) because they are not
profitable ( due to capital restraints) .
If you get some other mug (us)
to give the banks their 20% haircut then they will fall over each other
to lend .
This will bubble house prices further. Gidiot knows this and the sugar pill
will see the Tories re-elected in 2015 and which will help them win the referendum to
finally remove our status as a nation state .
We have three choices I reckon ...
1) Borrow to the hilt and get a house to flip prior to 2016, then emigrate
2) For those with long term mortgages already, take the opportunity
to fix a good rate in early mid 2014 and try to hedge capital loss ,
then when you've done your living, emigrate.
3) Emigrate before it goes tits up.
Thanks Gidiot , crash Gordon etc, this country will be full of
starving , rioting , benefit claiming Jeremy kyle types and Nobody else
by 2020. See how that works out
