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Vultures will buy ANYTHING as long as it's CHEAP!!
Comments
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Firstly, it's not really surprising that the houses they're looking at are at the lower end of the price scale considering the amount of FTBs who are priced out. As a group, they're hardly going to be going for huge mansions in expensive areas, are they?
Some people don't have the money for a huge house in a nice area - otherwise all of the nasty houses in nasty areas would be empty!
Secondly, believing that property is a bad investment obviously has a time scale attached to it. Saying "property is a bad investment" implies that even if someone offered you Buckingham Palace for 20p you wouldn't buy it. These people are waiting to pounce because they're aware that property is currently readjusting from being massively overpriced to being slightly more sanely priced, not because they don't want a house at all!
Thank you, Fuschia - you've proved my point for me.
Most people would like to own their own home.
:money:0 -
pickledpink wrote: »Thank you, Fuschia - you've proved my point for me.
Most people would like to own their own home.
:money:
Yes, and?...0 -
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