1. Baudot said...

Sad I know, but I'm bored, so I've posted my views directy on the Express and Star site. I might send a replies from Mervyn and Alistair later too (unless somebody beats me to it).

Anthony. said: Dec 8th, 2007 at 4:51 pm This is just estate agent spin. Why on earth would houses at the top end of the market hold their price, whilst the rest of the market falls by 10 to 15 percent ?.

Gordon said: Dec 8th, 2007 at 5:22 pm Property has been a one-way profiteering bet with prices tripling over the last decade. Far too many young people and growing families have been priced out of affordable homes, whilst speculators have made fortunes. The divide between the property owning haves, who’ve enjoyed spectacular tax free asset growth, and the have-nots has become obscene. A correction in property prices is long overdue and will be greeted with relief by many.
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Whilst I sympathise with those unfortunate enough to have bought a home at the top end of the market, and who may soon face negative equity, I would welcome a serious journalistic piece examining the positive benefits of a house price correction back to a more normal 3 to 4 times average earnings. Perhaps it could be titled “House Price Slump Joy”.