Quote:
Originally Posted by Hugh
Not as easy as you think - where we live, 3 bed bungalows cost as much as 4 bed detached houses (because developers can build a 4/5 bed house on the bungalow’s footprint).
|
Not even because of that, my mother-in-law is downsizing (I said that in a Bernard Manning impression)
Just sold her three bedroom bungalow for £470,000. And not to a young family (because a young family couldn’t afford that) but to another couple of similar age who are also downsizing.
And if you’re downsizing to £470K, I doubt any young families are buying the property they’re leaving either.