The Truth About Property

Another lamb to the slaughter - recorded in August 2007, just as the credit crunch was hitting, this 23 year old blonde was so desperate to "get on the property ladder" that she camped out all summer to be first in line to buy a new house. The development was a conversion of former army housing, and despite being touted as "affordable", was still shamelessly overpriced. That was no deterrent to young Dawn Burden, who ropes in her sister to buy with her, going for a 95% interest-only deal. She is firm in her belief that you can't do better than bricks and mortar, and house prices only ever go up.

Needless to say, 18 months later she is now in negative equity and struggling to make the repayments. Comedy LOLs all round.

Category:

News & Politics

Tags:

• housepricecrash
• truth about property
• ramping
• dumb blonde
• andrew verity
• housing bubble
• new build