Thursday, March 12, 2009
Every Day Now We Hear About 50% + Fall In Property Prices
Is the UK finally waking up to the FACT that nobody could afford to support the UK's inflated property bubble? That property prices are going to fall 50% or more. That mortgage regulation on loan to income ratios at around 3.25 one wage will ensure that prices are not going to rise again for a long time, and then only in line with wages. That RECOVERY means returning to how things were prior to the madness, not a return to the kind of irresponsible lending that broke the banks. It can only be good news that we hear every day someone now confirming what was once considered a radical view! Now it just appears to be obvious, property prices are falling and falling fast.