Monday, Oct 16, 2006

Fears grow over housing boom

Times: Fears grow over housing boom

A good article that seems to sum it all up with good background material. I hope that those thinking of buying now will read this article and understand the message. Demand exceeds supply because of easy credit, but ultimately prices do not keep on going up. I bought my first house in 1988 when prices were running away and remember the feeling of having to get on the ladder, so have sympathy for FTBs. Bought for 68k, sold in 92 for 48k to an estate agent who no doubt thought he was getting a bargain. He sold a few weeks later for 44k!

Posted by martyn @ 01:04 PM (482 views)
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1 Comment

1. Nohpc said...

What an idiot. Why would he buy then sell a few weeks later? Deserves what he got in that case.

Monday, October 16, 2006 11:41PM Report Comment
 

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