Message from @notaglobe
Discord ID: 664597232426811420
So, Harry and Meghan retiring from royal duties.... presumably this is to have free license to pontificate to people about progressive matters
More doom and gloom just came out
I thought the housing figures weren't out for another hour and a half tho
Tbh I'm not happy to hear that housing is increasing
It's already unaffordable
It's fine as long as wages rise faster
Bruh
and they don't
Yeah they are currently
Which population segment are you looking at?
Wages are currently outpacing housing by about 3points
UK average
Average can smd
This is only in the last 2 yrs
I'm not about to rail against the wealthy
But dude
Youre not gonna feel it for at least 5
Average salaries are not a great place to be looking to determine the affordability
But that's the trend it's currently going in
But it's not a good representation
And increased housing prices mean owners have more spendable cash too
This feels bubbly
Inflation all round.... Although to stifle that, they will hike rates
Once you peg everything to inflation I'll care less
Bubble won't pop until well into wage and rate hikes
Minimum wage, taxes etc
This is like nowhere near bubble pop stage
Idk bruh, it's very easy to get finance on liabilities like cars
I think it might be a bit worse if that bubble goes
We're barely starting greed stage... Which is stage 4/6 of the cycle
Housing seems to be constantly growing and we keep pumping out shitty bulk estates at the same huge prices
Sceptical of housing, me and the wife are building
When you get a bit older you'll see.... They were saying that same shit in 1980 when houses cost 20k
Were people on salaries of 20k then tho?
Not that high... But the argument was just different... The outlay per month was the same because of interest rates
I'm not doom and gloom but I'm not confident in the market for housing
It seems like a ponzi scheme
And people weren't to know they'd come down.... For all they knew it would go up
Yes, I talk with my father in law about this