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Darby · 12-07-2004, 08:56

House prices are currently at a stupid level. I feel sorry for the newly weds and young couples who can't even get on the housemarket ladder.

The real trouble is that everybody speculates to get up the ladder. You can't really blame them, but the houses are not worth the money that's being asked for them. Talking to an estate agent friend of mine, he says that the agents encourage price increases, so that they can make more money. There are also a lot of property speculators, who buy cheap (as Willow just said), and either do them up and re-sell at inflated prices or rent them. I can imagine in a couple of years time that rented property will be at a premium too.
The sell-off of council houses took a dangerous step in making the market rife for inflation. Before that at least young people had a chance to live somewhere at a sensible cost.

12-07-2004, 08:56	#11
Darby Senior Member Join Date: Jan 2004 Location: Albions End Posts: 691 Liked: 2 times Rep Power: 44	Re: Houseprices...grrrr... House prices are currently at a stupid level. I feel sorry for the newly weds and young couples who can't even get on the housemarket ladder. The real trouble is that everybody speculates to get up the ladder. You can't really blame them, but the houses are not worth the money that's being asked for them. Talking to an estate agent friend of mine, he says that the agents encourage price increases, so that they can make more money. There are also a lot of property speculators, who buy cheap (as Willow just said), and either do them up and re-sell at inflated prices or rent them. I can imagine in a couple of years time that rented property will be at a premium too. The sell-off of council houses took a dangerous step in making the market rife for inflation. Before that at least young people had a chance to live somewhere at a sensible cost.