The market is set for a downturn, are you worried about your property value? Are you a first-time buyer struggling to get on the property ladder? Who do you think is to blame for the high cost of housing in the UK? What do you think will happen to the market during 2008?
no probs i got the cover of the good old council no wories try it .it is good
it is all government engineered it is a way of cheap purchase for the housing associations .all the repossessions . strange we are in europe .we are only country heading into a serious recessionnot france spain italy or the others just us the only reason housing market is slow .because mortgages are hard to come by .yet there is plenty of money out there 50 billion pledged to banks by treasury the stipulation must have been restrict mortgage lending slow down the economy to what ends l do not know .probably to keep the pound at an all time low.so they can,change it to euro the excuse its worth the same as a euro we may as well change to euro .thus effectively devaluing the pound .
it is all government engineered it is a way of cheap purchase for the housing associations .all the repossessions . strange we are in europe .we are only country heading into a serious recessionnot france spain italy or the others just us the only reason housing market is slow .because mortgages are hard to come by .yet there is plenty of money out there 50 billion pledged to banks by treasury the stipulation must have been restrict mortgage lending slow down the economy to what ends l do not know .probably to keep the pound at an all time low.so they can,change it to euro the excuse its worth the same as a euro we may as well change to euro .thus effectively devaluing the pound .
Do you know what after all the moaning about not owning property i am actually very very relieved i own bugger all, it all gets stolen by tax man so why bother owning anything. I am happy to live in a shed.
The prices are high because of demand. It’s simple economics. People that bought a second home to rent out pushed up the prices; but are now struggling with payments as the rent does not cover the mortgage. Idiots that bought housing at the peak have also over stretched themselves and defaulted through arrogance and stupidity. This is what happens when a government encourages people to spend and prolong the ‘economic high’, it eventually comes crashing back down if left too long unchecked. The government is only partially to blame; consumer greed and stupidity are now paying for losing their own homes and falling prices.
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