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Originally Posted by Richard M
I hope it does crash.
I feel sorry for the buyers but the estate agents and mortgage companies have been laughing all the way to the bank for far too long. 
All good things come to an end, sooner or later. |
Well I thank god you ain't running the country.
I can remember interest rates got up to 15%, I was ready to take my house keys back to the bank because there was no I could afford that.
it took 13 years for house prices to recover from that in our area.
theres some interesting history here
http://www.hbosplc.com/media/pressre...0-11-02-00.asp