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Debate House Prices
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How much reduction would tempt you to buy now?
Comments
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What on earth?
STRs will have a LARGE deposit, and will have absolutely no trouble getting a mortgage as a result, because low LTV lending is seen as essentially riskf-ree by the banks.
The FTBs who are waiting of course might have missed the mortgage boat to an extent, assuming they have no deposit, but that will just mean prices will fall further, because if the FTBs can't get the credit, who one earth is going to buy all those 1-bed flats and starter homes?
The only one who is going to lose out is the homebuilders and BTLers.
Sound pretty certain don't you? So when houses crash 20% you think banks are going to be throwing money about like it's going out of fashion? Cash will be king big boy.0
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