Wednesday, February 6, 2008
Oppsss, my landlord is losing Â£471 a month!
"Since house prices peaked in August, the average home has fallen in value from Â£199,600 to Â£197,244. It sounds a modest decline, and the penny may not have yet dropped among the millions who see their homes as places to live in rather than their main retirement fund. Once homeowners start to realise they are getting poorer at the rate of Â£471 a month, the residual heat in the British economy will very quickly fade."