So house prices are falling at their fastest rate in 17 years .........?

  • Thread starter Thread starter dave s
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dave s

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Funny how Phil and Kirsty never mention the downside, only the up.

I'd love to see them do a show now.

"Just last year they bought this property for £230,000. Its now worth £205,000........ "

http://business.timesonline.co.uk/tol/business/industry_sectors/construction_and_property/article4024729.ece

I personally blame shows like Location, Location and Homes under the Hammer for only ever showing the one side of home ownership and not the pitfalls.

There are too many gullible people out there with a lack of basic grasp on economics who think that interest rates can stay low forever and houseprices can continually outstrip inflation and just never end. Hence why we are seeing more repossesions than ever before in recorded history.

http://business.timesonline.co.uk/tol/business/industry_sectors/construction_and_property/article4024729.ece
 
It looks as if many of the people who speculated on expensive properties are going to get their fingers burnt.
You can't have much sympathy for folk who knowingly stretch their finances more than they aught.
As for the TV programmes - I'm surprised that anyone watches them, never mind takes notice of them.
They must be amongst about the most boring programmes ever made.
Surely buying and selling houses can only be of any interest to the people concerned.
 
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