Housing market collapse incoming, you heard it here first.

After a lengthy policy of artificially keeping interest rates low to allow cheap borrowing and borderline skint householders to crawl their way onto the property market we are now seeing the circle returning to higher interest rates.

This combined with cost of living increases in every facet of life will lead to personal bankruptcies and for the first time since the last housing market crises, a load of keys will start being handed into building societies.

I am no conspiracy theorist but the worldwide situation at present does look like an amalgamation of events conspiring to transfer what little wealth the population has to the rich. There is only one winner when a market heads in this direction and that is the wealthy becoming more wealthy.

I feel for the youngsters out there, they sure ain’t got a lot to look forward to.

I agree that many repossessions will end up either staying in the hands of bank subsidiaries or large corporations rather than going to auction etc. It’s going to take a couple of generations at least to grind wealth and capital out of people, via hefty inheritance taxes. It will happen, because of overpopulation, immigration, lack of work that earns a living, automation, you name it.

It’ll need a recession for the London housing market to drop considerably. So many people around ready to purchase.

Furlough prevented a recession and we’re overdue one, unless modern times cause certain industry employees to go under.

It’s questionable how raising interest rates is going to solve matters now with cost push inflation in necessities rather than demand pull inflation, but it’s going to sting for a while - therefore perhaps maybe the housing market prices stagnating?

COYP

When interest rates go up, which inevitably they must, there's always talk about rising cost of mortgages, credit card repayments, loans etc.

Very rarely do increases result in announcements about 'good news for savers'. Us old pensioner types with a few bob in savings accounts have suffered for years. The money we worked hard to accumulate is worth less in real terms than it was, say 10 years ago.

Our first mortgage was repaid at a rate of 13%. Admittedly the house cost only £6,100, but it's all relative, I think my salary was £1,200 pa. Interest rates have reduced dramatically over the years.

Tough though it is for many people nowadays, there's been too much easy money available for a long time.

Dad and I watched games standing on the muddy slope of the Holmesdale Road end. He cheered and I rattled.

Have spare food
Keep some fuel
Do not keep money in the bank (use it to buy or invest in real assets and/or keep some spare cash at home)
Possibly keep some gold/silver
Make sure you can protect your family
Have a plan if things go TU

So stockpile stuff. this country loves a panic buyer

Not sure how keeping money out of your bank will help though - are you expecting more banks to go under? or just that money will work better for you elsewhere?

"It was a Team effort, I guess it took all players working together to lose this one"

to rob directly from the bank account. That has already happened in loads of places.

Kayla did Anfield & Old Trafford