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When House Prices Do Eventually Crash....

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Have there been many discussions about this?

My thoughts are that houses will still be unatainable for the common man.... let's think about it.

Lets say that your salary is average, and all properties are affordable.... who's going to snap them up? It's going to be people with higher incomes, looking to bag a bargain in time for the next boom.

This in turn is going to drive prices up and up and up very quickly - and sadly Joe Bloggs will probably find that all the properties for sale have been taken...

I bought my first flat last year (to live in), but I know that as soon as prices become reasonable again - I would happily buy another one, and that is exactly what I have been saving for over the last year.

Sadly, in practice, if there are people out there who have a higher salary - they will have more flexibility when it comes to snapping up new bargains. I feel that the only true way to ensure you don't miss the next buying craze is to ensure you have a higher than average salary...

Edited by Trixta

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