Sunday, May 25, 2008
Bear's breakfast in today's paper.
The Observer: Coming soon to Middle Britain: The Doldrums
A double page spread on housing and economic woes in typical middle England. Tales of houses not selling, businesses feeling the pinch and estate agency branches closing in Ely and Hereford. One particular house reduced from £325,000 to £250,000 and still no interest.
Posted by redwing @ 10:07 AM (277 views) Add Comment
1 Comment
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1. crash bandicoot said...
"until the first-time buyers come back, nothing will really start up again. There's still a lot of equity but we need new blood - we're waiting for first-time buyers to get their confidence back"
There was me thinking that the divorcees and imigrants were all that was needed to keep it all going upwards.
The bit about Northern Rock spells out the current situation to those who have not worked it out for themselves yet - even though we are now nine months after the event.