westy 17 years ago house prices where FUCK ALL though
most people owned a fair share of the property and wasnt in neg equity
people buying now on a limit just need the interest rate to go up 2% ( remember that its very low at the moment,,,,, wasnt always this low though) and when the REGULARLY review the council tax based on the true value of the place alot of people ARE gonna be priced out and so they have the option to keep at it or move back with the parents before finding a place to rent
where the people renting will still be in 8 months rent arrears and be able to pay 40 quid on top when they got it and they cant be kicked out
i bought my place based on it being worth what i actually paied in total,,,,,,, i paied 60k for it but its actualy gonna have cost me more near the 85k mark,,,,,,,, and thats before running costs