The UK’s Financial System Will CRASH in 2023, But They Don’t Want You to Know

Why the UK’s mortgage market is a ticking time bomb of epic proportions.

Levi Borba
Startup Stash
Published in
6 min readOct 6, 2022

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Big Ben and Storm
Art by the Author

One year ago I wrote an article with my personal financial rules for buying a house or a car while not drowning in debt and another article about the mathematics behind the decision between renting or buying a house. If you follow them, you should be safe, and less than 30% of your income will be used to pay mortgage installments. That is true in theory, and for most of the time.

BUT….

I made a mistake.

I didn’t mention that not all mortgages are the same. Some mortgages are perfectly fine for moments of stability, but when national economies experience moments of turbulence, these same mortgages can ruin individuals, finances, and entire countries.

And this year IS a turbulent year.

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