Sunday, May 3, 2009
Three times more affordable
"the average property bought by an FTB remains unaffordable for an average earner in all of the local authorities surveyed in London, South West, East of England and Northern Ireland." What the hell does that say about the price of houses, so why do papers continue to day GREEN SHOOTS GREEN SHOOTS? All I can say is THANK GOD FTB's are excluded with property prices due to fall 40% + thank heavens the lenders do not want to take any more loss upon themselves. Would someone be kind enough to explain to the bear of little brain what 3 times more affordable means? If the average property was £200000 in 2007 and it is now 3 times more affordable what does that mean as a % fall?