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RE: Why you can’t afford a house – financialisation, deregulation and easy-mortgages!?
But everyone has to live somewhere, which means that even if fewer people want to be homeowners in the future someone will still need to own their homes. Rents are outrageously high in big cities in the UK, too.
Reduced demand should lead to lower prices of course, whether that results in lower rents i don't know!
If fewer people want to buy, then more people will want to rent. The rentals will have to be bought by someone.
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