just read, a 1% drop in house prices in july
https://uk.finance.yahoo.com/news/house ... 18088.html
troyan, i agree with you, most people do not understand APR.
you need debt in society.
businessmen borrow and most run their companies using loans.
no loans - no companies - no jobs for people.
i also read on saturday that manchester now has the biggest drop in home ownership against the biggest rise in renters.
this means that buyers at the bottom end of the ladder cannot afford the
people who rent get used to it. it's not the end of the world.
not everyone can be landlords, doctors, lawyers etc.
you get thick people everywhere. renting provides a roof over their heads.
if people in manchester don't like renting, they only have to move to burnley.
here the chepest 3 bed house i see on the internet is £15,000 at the moment.
then they only have to drive 45 mins to work, catch a bus or train.
there are solutions to everything if you are flexible