I don't really think that we have an issue here for disagreement. If one reads the 3 posts carefully, although Emmas says that she disagrees with me and Richie disagrees with both, none of us are that far apart.
In my post I have been very general in some respects but very specific in others, for examply by trying to determine the actual fall in property values.
However, summing up -
- We are all saying that it is not now a question of "bursting bubbles".
- We are saying that the tide will turn (sooner or later).
- That there is a huge surplus of unsold resale property and some sellers are "reducing desperately".
I think very interesting is to compare the two following statements -
Quote:
Purchasing property always contains a certain level of emotion. For example i buy with my heart, as long as it fits my practical needs.
I fall in love with properties as i can visualise myself and my family living there. I don't think any property crisis can change this.
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Quote:
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A recent survey on channel four revealed over 70% think of their homes as an investment, I too think of property not solely as a home but my pocket as well.
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Now that is interesting and I think like Richie - sorry Emma!
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