I was left bewildered in 2000 when the property ship was too far away to reach. Over the years I took but rejected peoples advice because it was from the locked in mindset that rises will go on forever.
Atleast when the bubble is over and prices have fallen - the houses we can buy will largely have been vastly improved thanks to the aspirational lifestyle we were told to lead. No outside toilet for me!
June 5 (Bloomberg) -- U.K. house prices fell the most in 15 years in May as lenders restricted access to mortgages and the prospect of a recession deterred buyers, a HBOS Plc report showed.
The cost of an average home dropped 3.8 percent to 184,111 pounds ($359,000) from a year earlier, the U.K.'s biggest mortgage lender said in a statement. That's the biggest annual decline since April 1993. Prices slipped 2.4 percent on the month and are now the lowest since September 2006.
Amazing. The cabinet's own briefing papers say that they expect UK property prices to fall a MINIMUM of 5-10%. At the same time, they are trying to offload property on cash-tight "shared-ownership" buyers.
I was left bewildered in 2000 when the property ship was too far away to reach. Over the years I took but rejected peoples advice because it was from the locked in mindset that rises will go on forever.
Atleast when the bubble is over and prices have fallen - the houses we can buy will largely have been vastly improved thanks to the aspirational lifestyle we were told to lead. No outside toilet for me!
musarman 10 months ago
June 5 (Bloomberg) -- U.K. house prices fell the most in 15 years in May as lenders restricted access to mortgages and the prospect of a recession deterred buyers, a HBOS Plc report showed.
The cost of an average home dropped 3.8 percent to 184,111 pounds ($359,000) from a year earlier, the U.K.'s biggest mortgage lender said in a statement. That's the biggest annual decline since April 1993. Prices slipped 2.4 percent on the month and are now the lowest since September 2006.
BubbFromGEI 3 years ago
Amazing. The cabinet's own briefing papers say that they expect UK property prices to fall a MINIMUM of 5-10%. At the same time, they are trying to offload property on cash-tight "shared-ownership" buyers.
BubbFromGEI 3 years ago