Monday, July 9, 2007
More people renting but no through choice
This article is depressing me. Rather then sell up and rent, people are selling to a specific company, clearing debts, and then renting their home back from the same company. They live in their own home and appear exactly the same as before. This will reduce the number of properties coming onto the market and therefore, could prevent a decline in house prices. It will also lead to an increased number of people renting and lo, we are back to the bad old days. Well done New Liebour!