From: "Tumbleweed" 
Newsgroups: uk.finance
Subject: Re: why so many houses now being sold without onward chain?
Date: Sun, 4 Apr 2004 17:27:46 +0100


 wrote in message
news:2j7q60hps7jd9gf8h6vq8e6l0vtlkgjkdf@4ax.com...

> >>anyone for a 40 % fall ?
> >>
> >
> >  From what point? The one last year when a crash was forecast, or the
> >one in 2002? Anyone who bought then could handle a 40% drop as that's
> >about the percentage prices have risen since the first messages of doom.
>
>  what if they had already borrowed and spent much of their 'winnings'
> (MEW , remortgaging etc ).

What if? Suppose the price of my house fell to a fiver? I'd still be in it.
It would still be a useful house.

-- 
Tumbleweed

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