The Budget
The Budget
Out of context: Reply #18
- Started
- Last post
- 33 Responses
- Ranger0
I think the problem is more that the majority of the developed world has been living on credit for over a decade now. In the UK the house prices are ridiculous and have lost all connection to what people actually can afford. It is a mentality that fed down from government, promoting a keeping up with the Jones' mentality, borrow now, keep spending or be left behind. It fed down into banks, anyone who voiced doubt was swept aside as being weak or over cautious. The fact is that if everyone lives beyond their means it is going to all come crashing down one day.
- It was a Tory government that promoted 'right to buy' .. that's part of the reason house prices are so crazy.lukus_W