Anyone glad the housing market is crashing in the uk

Question

I for one am. In Brighton I know a string of stuido flats that had

"For Sale" and "Sold" for eight years!

For Sale" and "Sold"

For Sale" and "Sold"

For Sale" and "Sold"

For Sale" and "Sold"

etc....

And nobody ever lived there!

Speculators eh>?

Answer 1

If they bought them 8 years ago they could probably still made a good profit on them.

Answer 2

It was only a matter of time. Now all the dead money is being plowed in to commodities, hence the ever increasing cost of oil, gold and food stocks, among other things. A lot of people have and will be stung by the money leaving the property market, and they only have themselves to blame. They spent money they simply didn't have and lived well outside their means - now they have to pay the piper.

I love capitalism.

Answer 3

As a homeowner with no plans to move, it wouldn't normally bother me but, within the last year, a relative died and we have to sell his house and split the proceeds several ways.  Meanwhile we have to keep the house and garden maintained and heated so the delay in making a sale is costing us a lot of time and money.  When the house eventually sells, there will be less money to share out.

Housing recession has its most immediate impact on those entering and leaving the market.  Let's hope the falling prices will enable more people to get their first home.

Answer 4

It has no effect on me with no plans to move having just bought a house in November.

Answer 5

Speculators are gamblers whose antics affect the general public. Better they go to the casino.

Answer 6

I'll bet they are for sale now though.