It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Some features of ATS will be disabled while you continue to use an ad-blocker.
Originally posted by ken10
I'm hoping the crashing of the economy will see Immigrants that own houses here cash up and take their money back to their homelands, where they could live like rich people. And hopefully that will see house prices drop to a level that are affordable for us poor natives. Not to mention the jobs that would become available too, in that scenario.
Originally posted by bluemirage5
reply to post by ken10
The UK is different to Australia. In some areas property prices are decreasing but rental prices are dramatically increasing and already we have a major shortage of affordable housing and rentals.
Originally posted by thoughtsfull
I suspect we'll face another price slump at some point... and we'll know when the prices hit bottom as that is when the wealthy move in to hoover up all the properties they can at rock bottom prices.
the last time around over a period of 24 months my property went from being worth £50k down to being worth £25k then up to being worth £110k.. tho I was one of the lucky few to have clung on to my property it honestly felt manufactured.
Right now properties around here have stagnated at the same level for the last 2 years... so my personal thoughts run along the lines of.. we will enter the recession proper when the bottom starts to fall out of the property market.
A vid from my youth that has always stuck with me...
edit on 7/8/11 by thoughtsfull because: facepalm forgetting to give timeline
Originally posted by uk today
reply to post by thoughtsfull
Loved the vid
I agree with you, the rich are waiting to pounce.
I think the market is manipulated anyway in order to make the fatcats even fatter.
They are in a golden position as well with the banks refusing to lend to anyone without a huge deposit and a perfect credit score.
I'm sure they will know the EXACT perfect time to start their new round of immoral speculation
I'm sorry if I sound a lil' bitter but I think a house should be a home, a place to unwind, and that everyone should have the right to this without getting screwed over.
I detest second homes, with the desperate need for affordable housing in this country why should anyone have a second home ???
Lets give EVERYONE a first home yeah and they can buy up the leftovers !!
for spitting image. Bring it back I say, never has good satire been more necessary than now.