Quote Originally Posted by life on mars View Post
I remember my first house and thinking 9,% was normal.

Today's world is as a result of another Bank of England feck up they kept intrest rates to low for too long after the recession giving folk the wrong perception that they could buy property, grab loans that were probably way out of their league.

Many could end up with difficult decisions now as the payback rises .

Forgetting the mad Truss era, if anyone thought the rates would stay that low forever, they were bonkers or badly advised it's been coming for years.

I see the European and USA banks are also under fire.. for simalair poor decision making, and the madness of their quantative easing policy... Which simply masked the debts.
I see we're not using era in its truest sense here