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Old 05-04-2008, 09:47 PM   #2
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Join Date: Apr 2008
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Default Crisis, what crisis?!

Yes, I agree, particularly if you take into account restricted lending and the Buy to Let brigade off-loading their properties as fast as they can as yeilds drop too.

It's very worrying. And there is hyper-inflation in food, gas, transport, council tax and debt.

I think prices may fall very fast and the unravelling to 30 or 40 per cent drops might not take five years to materialise. Personal indebtedness will make many sellers time pressured. Grouping together and buying properties with land may be the only viable solution for many people in the near future. IMHO
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