Sunday, Apr 22, 2007
Is this the start of the meltdown?
LandlordExpert: Home Information Packs spark selling frenzy
"Traditionally we would expect around 210,000 properties to come onto the market in the month of April but we are already well ahead and it looks like we can expect a record month." Out of personal experience, looking to rent a place in London's commuter belt... entire towns were literaly up for sale this weekend.
Posted by confused76 @ 07:41 PM (223 views) Add Comment
4 Comments
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1. Scott said...
I believe we are in the start of the meltdown but not because of this. These HIPs just coincide with the rise of interest rates and realization of household debts, which I believe is the real cause. However, I am a would-be first time buyer waiting for the crash so anything helps. Let those foolish current buyers bleed some more.
What I found interesting this weekend is the YouTube video posted on here of some guy that did lots of research and stated that for hundreds of years, excluding the war years, Britain has had economic recessions every 18 years. He then states at the end of the video that given that the last one started in 1989, the outlook for this year does not look good.
2. Pixel8 said...
He was just quoting abook by Fred Harrison called boom bust. It has been mentioned on here a few times. We are currently in, according to Fred, the winners curse phase. Which will lead to a great depression of 2010.
3. paul said...
I think we may be seeing the first signs of the dip.
4. Paulos said...
I signed up to this site around a year ago I think, and the houses around me that were up for sale then are still up for sale, plus one has been repossessed. I'm seeing houses being reduced in areas and still not selling... the end is definitely close but still needs *something* to tip it over.