Originally Posted by SapphyMike
Originally Posted by Dannn
Originally Posted by SapphyMike
While there is demand, there will always be a price to pay.
Prices may on the whole go into a slight decline, but we will not see ANYTHING like in the 1980's.
Why ?
The problem is actually much more serious than the 80's.....
Because the current government cannot afford for it to happen.
trust me on this one, i may not be an estate agent, but im VERY close to the industry
So what the government going to do - abolish income tax so everyone can afford to buy a house ?
Plus the bank of england are in charge of interest rates and I reckon slowly but surely they will increase them over the next 12 months.
Plus there is the fact the averagee joe has fucked his or herself financally with debt, so regardless of the interest rate I can't how there cannot be a problem at some point.