I can name 4 cities easily where you're paying mortgage+extra driven by the "buy-to-let" craze over here.
I'll assume you mean the UK is a phenomena in that case.
I think the difference for the UK is it’s HCOL but low pay, so people there can’t afford the mortgage down payment as much, which is not normal for say American HCOL cities.
Which is why I asked.
I can name 4 cities easily where you're paying mortgage+extra driven by the "buy-to-let" craze over here. I'll assume you mean the UK is a phenomena in that case.