Sunday, Feb 15, 2009
Some happy renters!
The Guardian: Climbing off the property ladder
A few people seem to be tempted back in the market as their savings are not gaining interest. Not a ramping article, as further falls are mentioned and the people buying seemed to make a choice on factors other than money.
Posted by tennouji @ 03:38 AM (133 views) Add Comment
1 Comment
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
1. new user 2007 said...
"David Smith, senior partner at Dreweatt Neate estate agents, says: "People who have sold and are now renting are increasingly finding that the interest on the money in the bank is no longer covering their rent. As a result, they are slowly beginning to re-enter the market,"
Why leave 25k in the bank at 0% when one can lose all of it with a fall in the house price! Using his later logic of "medium term"... Why not wait until the market collapses further and then buy...don't need interest on a deposit...the house price fall raises the deposit ratio:)