First of all, Loadsamoney was a plasterer!
We bought in 1989 for £63000. I think we actually managed to pick the peak of the market in London, down to the day, as within a month all talk was of a crash.
Similar properties (flat in Chingford) were selling for just £35000 in 1992 - how depressing. Would love to have moved but huge negative equity meant we were stuck in our little flat. At least interest rates were only 14%, so it wasn't all bad
Moved in 1998, but the property was still only worth £50k, so rented it out and sold in 2002 for £85k - finally making a profit.
So my memory is very much intact, as is anyones who was actually affected by the crash.