Monday, May 18, 2009
Estate Agent's on a Set Fee - Not in my Lifetime
Write About Property: UK House Prices: How to Break the Boom Bust Cycle
Estate agents are paid a percentage of the sale price; so the more the house sells for the more they get paid, so who can blame them for charging as much as they can get for a house during the good times. The downside being that as house prices increase more rapidly; the more out of reach they become for first time buyers, and the more inevitable a correction becomes.
So, now, as we continue in this boom and bust cycle, each crash being worse than the one before it, one must ask, what can be done to break the cycle?
Posted by problem pete @ 09:14 AM (280 views) Add 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
No comments have been submitted.
Be the first person to add your comment by completing the form below.