Originally Posted by
James108
A soft landing wasn't far off... hand me a tui m8. They've been saying that for the past 12 years. What would it take to convince you action needed to be taken? Another doubling of house prices, or is that just what you would prefer to see? I smell a vested interest.
Slimmer yields is a lower return on equity which is exactly what I said. Interest rates have been falling for 40 years, people don't want to wait another 40 years for them to rise (I honestly don't think they will rise much in the foreseeable future as I think all the major productivity gains have already been made). Supply has been increasing for 10 years (meanwhile property prices went through the roof), people don't want to wait another 10 to buy a house.
Face it landlords were getting obscenely rich at the expense of renters who could not afford to buy their own house. Those that work for a living should have a decent opportunity to buy their own place.