Wednesday, April 16, 2008
Guide to Gazundering Anyone?
You can almost smell the fear. "The Royal Institution Of Chartered Surveyors has just published its gloomiest view on house prices since the records began in 1978." "You may think such a practice (gazundering) is unethical or even immoral. But in a market where prices are falling rapidly, I think it is understandable." This will become standard practice unless the deal goes through in days.