though everyone seems to be talking flats as far as anyone i know trying to sell houses nothing is moving- mainly it seems because further down the ladder no-one can get a mortgage so the whole chain collapses. it doesnt seem to be an issue with price- people coming in the door who want the house just cant sell their own one first at any price. anyone who can afford to is just hanging on to see what happens to the market (after all why buy this year if next year its all dropped another 10% or even more) whilst those who HAVE to move are giving up and renting both ends..... either prices have to drop or banks have to relax lending rules but to be honest as long as we all go down in price together so if you have a property what is needed to buy will be the same relative to what you are trying to sell. those who arent on the ladder yet of course are shouting hurrah. feel most sorry for those who have bought at the height and are now paying hefty mortgages whilst watching their investment collapse. how come no-one at any of the banks is getting axed- they caused all this by over lending ridiculous sums out of sheer GREED in being able to make so much money- now when it all collapses they are long gone with fat bonuses lining their pockets.....
