House prices have fallen at the fastest rate in 12 years. Is the great housing boom finally over? And are you worried?
The more peaple talk about the credit crunch and the house price crash, the more likely it is to happen.This is what happened last time in 1994 and was proved by three independent surveys.
Who gives a sh.. if house pricese fall. why should they keep going up and up, when I by something I expect it to loss value. I have worked on some house and they have moned at our charges, yet for the work we do there house will earn it in a couple of months, but then, now as they have to payus they have no momey do they, nothing they can spend any way they are skint, just this great big house that is like a pigy bank with all there money in it.
I see people on tv all the time selling there houses for like say £400,000 when they only took out a £23,000 morgage some twenty years ago, they have provably only payed off next to nothing of the morgage but when the sell they then pay what is left and pocket the change. Roll on I hope we do have a BIG FALL IN HOUSE PRICES. The majority of us pay rent and get sod all back. but as the house prices go up so dose our rents and of it we get sod all back.
NO... prices will fall and then rise again like they have since records began.
We're heading for a recession, increasing unemployment, rising food and fuel prices but the government are trying to prop up the property market. Why? Because the economy has been running on debt and the biggest debts are mortgages. They should have seen it coming. Ha Ha Ha.
i REALLY DO HOPE SO AS IT WILL SHUT MY BROTHER IN LAW UP. HE BOUGHT TO MORE HOUSES AND RENTS THEM OUT, WHY????
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