Let's look at this with some Common Sense.
Huge tax rises coming in 2012.
People already have less to spend
More people are now border line destitute
More people claiming benefits
First time buyers age is now 38 years old
Does this sound conducive to a house price rise? Of course not, this is a ruse by the Mortgage lenders.
Expect the rental market to be strong and expect record levels of house repossessions in 2012.
With the U.S. housing market falling to 2002 level, expect from now to end 2012 a fall of 10-15% in UK house prices.
So far I have been right, so watch this space!
Huge tax rises coming in 2012.
People already have less to spend
More people are now border line destitute
More people claiming benefits
First time buyers age is now 38 years old
Does this sound conducive to a house price rise? Of course not, this is a ruse by the Mortgage lenders.
Expect the rental market to be strong and expect record levels of house repossessions in 2012.
With the U.S. housing market falling to 2002 level, expect from now to end 2012 a fall of 10-15% in UK house prices.
So far I have been right, so watch this space!
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