Ajarn Forum - Living and Teaching In Thailand - View Single Post - Is the UK property market heading for a bust?

kiwiling · 20th August 2007, 18:58

I recall the London property market booming in 1987 and then many people went into negative equity after the crash. If they could afford to hold onto their property they would have a nice tidy rate of return now. The problem with property is if you have to sell because you can't afford the repayments. I have never lost money on property...only women!!!

20th August 2007, 18:58	#11 (permalink)
kiwiling kiwiling is a cynical bastard Senior Member Join Date: May 2007 Location: Was Central Thailand Posts: 5,693 vCash: 1008 Rep Power: 506	Re: Is the UK property market heading for a bust? I recall the London property market booming in 1987 and then many people went into negative equity after the crash. If they could afford to hold onto their property they would have a nice tidy rate of return now. The problem with property is if you have to sell because you can't afford the repayments. I have never lost money on property...only women!!!