Originally posted by CheeseSlice
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If rates hit 8% back in 2009 then house price crash would have happened and market would now be healthy, instead they've opted to freeze things at the expense of people who did not get into debt but even now it's not enough - banks are raising interest rates on mortgages anyway, and why not - if inflation is 5% then banks should be making 7-8% return on their investment just to earn done dosh.
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