Wednesday, September 16, 2009
How the mighty fall
The young professionals in newly-built Birmingham city centre apartments might be alarmed, to discover they paid over the odds to live in properties written off by a Conservative councillor as the â€œslums of tomorrowâ€. Compact is the way the estate agents might describe it; or, not enough room to swing a cat, in more common parlance. This was all very well when property prices were rising and the cityâ€™s young accountants, lawyers and bankers were literally falling over themselves to get a slice of the action and probably didnâ€™t much mind what they bought because they assumed property prices would go on rising. It has been revealed by the cabinet member for housing, that even the city council has turned down offers to buy these properties for homeless people.