Wednesday, January 7, 2009
It’s simply too desirable around here to fall
"Most desirable areas have plunged by more than 20 per cent, according to the estate agent." Where I am in Kent, Sussex, most properties have been taken off the market. Once lower prices are acheived by friends and neighbours, the psychology of those keeping up appearances will lead to capitulation and allow more people to rethink acceptable valuations, comforted by the knowledge that they're not alone.