most people are up to there arses in debt and also lots of companies are downgrading. laying people off ect

when you loose your job and need to get another job that pays less and interest goes up thats where the problems start

the people affected though are the fool who took a 5 times morgage and no deposit and furnished it with credit cards and expect houses to go up at 10% each year

londons house prices aint moved much and the high end propertys are not selling so being knocked down/remodeled into flats ect to sell on


the governement are NOW looking at solving the problem,, this is gonna affect it and they are looking at using green belt land to help relive the issue

the reason for the growth outside london is the businesses have moved out of london due to the parking issues/high rates/rents/congestion charges ect

though this will REDUCE the wealth in the area and make a rich poor devide in london more than it already is


there WILL be a crash though which is where prices start to drop alot and thats when the interest rates go up and big company close the doors of firms

look at the problems ford has,,,, there SERIOUS too,, TVR,, look at other companys too struggling for business

we are gonna get it at some point,, dont hide from the fact,, the money in property was always pointless anyway

i was gonna sell my 2 bed in central london,,, tryed to sell up and buy a house out of london,,,, i made a bit of cash from it but i STILL would cost twice as much as i pay now when you include the travel costs/ moving costs ect and i would have a crap location to what i have so i stayed in my dingey flat in central london paying 270 quid a month morgage