| Topic: | Re:Re:Re:Re:Re:Re:Re:Re:Property Market Stable But Confidence Is Shaky??! | |
| Posted by: | Will Watson | |
| Date/Time: | 14/06/08 10:53:00 |
| > It has only fallen in value, which, if you're not planning to sell, is totally irrelevant to you. That is an old fashioned view of house price. Many people no longer think of their house / flat as simply bricks and mortar. It is their number one asset for a) Using as collateral for loans (over and above the purchase of the property itself) and b) as a fund for their retirement. This means, for many people, drops in house value are a very tangible thing to get worried about. |