Tuesday, June 10, 2008
Slightly more balanced article from the Fool
In the spring of 2005, I sold my family home, having moved into rented accommodation in late 2006. In other words, I leapt off the property ladder three years ago and have yet to return. My decision to exit the property market was driven by my worries about the UK's twin booms in house prices and personal debt. I feared that Britain was in the grip of an unsustainable housing boom which would, in time-honoured fashion, turn to bust.