[Vlad_Dracul]

There is no doubt that there is more pain on the way.

This whole situation has been stoked up by estate agents ,house builders and property speculators for years so that they could cream off vast profits in the good times.

They have been ably assisted by mindless and repetitive tv programmes such as that produced by the rather burly Ms Alsop and her colleague,both no doubt millionaires.

You can bet your bottom dollar though that they won't be the ones who feel the pain. The housing carriage is at the top of the rollercoaster and is on its downward spiral to oblivion.

Houses should be homes and places to live first and investment vehicles second.

Of course we will now see some dodgy practices and hard lines drawn. The repossessions are starting to increase. Look at the auctions and property websites if you want evidence.

Estate agents are still trying to wring the market. A friend recently had problems with an estate agent who had signed him up to sell his house but took weeks to publicise it simply because the esate agent was holding properties off the market to try and avoid a glut.

But the Great British public have done their bit also. How many of them have inflivted by to let blight on others? How many have abetted estate agents and driven up prices? true its a free market economy and their are market forces at play.

So then,if free market economy and market forces can freely generate profits without interference,let them also generate losses without interference and WITHOUT Government and taxpayers intervention.