The Mudcat Café TM
Thread #94744   Message #1838197
Posted By: Grab
19-Sep-06 - 08:20 AM
Thread Name: BS: House price crash in the UK?
Subject: RE: BS: House price crash in the UK?
When we bought our two-up two-down end-terrace in Cambridge (in a council estate), it cost £87k. We're going to sell shortly, and it'll probably go for about £140k. OK, we've done a lot to improve it, but we've not spent that much! I've no objection to relieving someone of their money if they want it that badly, but there's no way we're going to buy - we want somewhere bigger, and even a moderately-priced semi is going to overstretch us.

No, the money's going into some high-interest account until we need it, and we'll sit this one out until either prices come down or inflation pulls the numbers up.

Graham.