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wadey · 24-06-2008, 22:21

At two million somebody will buy it and converts it into flats. I predicted on another site a few months ago that prices would fall by 25% it now seems I may have under estimated the fall. Yes there was negative equity in E Lancs and I can remember people handing their keys back to the Building Society. If we had stuck to 3 x ONE income and 10% deposit we wouldn't keep having this boom/bust scenario AND we would have real money to spend creating real jobs.

24-06-2008, 22:21	#7
wadey Senior Member Join Date: Feb 2008 Posts: 1,877 Liked: 26 times Rep Power: 3765	Re: Property crash. At two million somebody will buy it and converts it into flats. I predicted on another site a few months ago that prices would fall by 25% it now seems I may have under estimated the fall. Yes there was negative equity in E Lancs and I can remember people handing their keys back to the Building Society. If we had stuck to 3 x ONE income and 10% deposit we wouldn't keep having this boom/bust scenario AND we would have real money to spend creating real jobs.