How can there be a shortage of housing in the UK when so many properties are up for sale but no one is buying?

Articles, Land, News on February 22nd, 2010 No Comments

.. yet the Government still wants to build millions of houses in the southeast on green belt land.
Looking in my local rag.. hundreds of AFFORDABLE flats for sale.. I think this generation have no idea about property buying.. it’s SUPPOSED to be a stretch, that’s why you should save up for your first property.. not expect the Government to give you nice “affordable” houses that are usually built to shite standards so you can never hope of selling them and moving up the ladder.
@ pinball.. EXACTLY!! .. they all moan about the current level of interest rates.. when I bought my first home, interest rates were 15%!!.. I had to struggle and make do, it was hard but worth it.. this generation of first time buyers all seem to want to walk into a show home without saving or making any kind of sacrifice what so ever. All these property programmes are to blame for raising first-timer’s expectations too high and as a result pushing up the prices. The more features they require in a property, the more it will cost… simple logic and maths.

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