The Mudcat Café TM
Thread #94744   Message #1836513
Posted By: Gervase
17-Sep-06 - 05:50 AM
Thread Name: BS: House price crash in the UK?
Subject: RE: BS: House price crash in the UK?
House price crash? Damned good thing! Most property in the UK is ludicrously overvalued, and the steady growth in prices has encouraged an extraordinary amount of greed - not to mention an extraordinary amount of vandalism to our housing stock as idiots put in plastic windows and the sort of hideous MDF monstrosities seen on TV make-over shows in an attempt to 'raise its value'.
What's worse is the rush to demolish older houses instead of refurbishing them. Great tracts of Manchester and Coventry are like ghost towns awaiting the bulldozer, yet they could be transformed into decent, affordable housing for a fraction of the cost (financial and environmental) that will be spent on 'redevelopment'. But the profits aren't nearly so high for the developers, so down they must come.
That's vandalism on an epic scale.