tag:blogger.com,1999:blog-2249851329008146395.post5122330013650450476..comments2023-10-30T09:11:12.922-07:00Comments on Clouded Outlook: Home loan approvals down by halfAlice Cookhttp://www.blogger.com/profile/05753570123987780947noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-2249851329008146395.post-10466278792343596132008-09-09T11:26:00.000-07:002008-09-09T11:26:00.000-07:00I agree the bubble can not be revived. With very ...I agree the bubble can not be revived. With very few first time buyers the market relies on investors. Since investors will not invest in a falling housing market then it's unlikely that we will see house prices increasing again for a long time.<br><br>I feel sorry for people who bought last year. I now see a couple of undesirable flats in my area selling at 30K lower than last-years purchase value in an attempt to off-load. But the simple fact is no one wants or is able to buy undesirable flats anymore. The people who bought these types of properties as short-term investments will be the biggest casualties in my opinion.mikehttp://www.blogger.com/profile/05772374031938763566noreply@blogger.comtag:blogger.com,1999:blog-2249851329008146395.post-36976717938203162452008-09-10T02:06:00.000-07:002008-09-10T02:06:00.000-07:00The above comment is spot on. I was talking with a...The above comment is spot on. I was talking with an Americna friend about the fact that in the USA, the repos are often homes, not investments. In the UK, many are buy to let. Hard to sell flats have gone down my way by as much as 50k. At auction, they often sell for around half the original price. I am a barely numerate economic know-nothing. Even I saw the current situation coming. So why didn't the FSA, or the banks?<br>RentergirlRenterGirlhttp://www.blogger.com/profile/12556830109922784321noreply@blogger.com