Monday, June 2, 2008

Bought Too much / Borrowed Too much

Unrealistic home dreams 'common'

Most of us think we have spent a decade buying into an unrealistic property dream, a BBC Panorama poll suggests. Some 79% of 1,000 people asked said the UK as a whole had been unrealistic about the affordability of housing. But 37% said they would still stretch themselves financially for property. Housing expert Steve Wilcox said many forget "prices go down as well". The survey comes amid a housing market which has seen prices fall by 2.5% in the last month. This is the first sustained fall in 10 years. At the same time, the supply of mortgages is drying up. The collapse of the sub-prime market has seen a 40% fall in lending over the last year.

Posted by housebear @ 09:09 AM (484 views)
Please complete the required fields.

Add a comment

  • Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
  • Please note that any viewpoints published here as comments are user´s views and not the views of
  • Please adhere to the Guidelines

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>