Sunday, Oct 21, 2007
Price to stagnate?
Guardian: Property prices not immune to disaster
"Demand is only meaningful if it is backed up by readiness and ability to purchase. I would quite like a townhouse in Belgravia, but that does not constitute demand, because I'm not rich enough. Even if I were able to buy, I might be less willing, since the prospect of making a large gain has receded."
Posted by confused76 @ 10:31 AM (691 views) Add Comment
6 Comments
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1. autopilotengage said...
Link doesn't work, tried a few variations, no joy.
2. Djlammi said...
http://observer.guardian.co.uk/business/story/0,,2195709,00.html
3. new_order said...
Excellent point confused76. This is also why the Poles and Lithuanians cannot prop up demand as they could not get a mortgage on a garage, or a parking space for that matter. With more jobs going to Poland, why do they keep coming here?
4. This comment has been removed as it was found to be in breach of our Blog Policies.
5. Camem' said...
correct link :
http://observer.guardian.co.uk/business/story/0,,2195709,00.html
6. confused76 said...
link that works
http://observer.guardian.co.uk/business/story/0,,2195709,00.html