hmmmm - I think we do have a crisis coming - a real crisis of massive social proportion - but, probably not the one we have been expecting.
What I see is that if we keep up the immigration rates ----- then, along with the latest findings about dodgy bank practices - and the absolute clamping down on lending practices resulting from that - along with thing like the clampdown on interest only loans -
what we will have is less people being able to get mortgages --
which might result in some price correction - but, by far - by a country mile will have massive implications on the rental scene.
What we will end up with from what I can see is massive rental demand - massive rental price rises and probably massive rises in homelessness
How governments respond to that will be anyone's guess - given their ineptitude in the area of crystal ball gazing and putting in place mechanisms that can only be described as childish folly.''
