If a lot of 'Buy to Let' property owners suddenly start dumping property the housing market could stall. There will be winners and losers: negative equity losers, sudden affordability for first time buyer winners. I don't see a late 1980s style crash, as there is still a lot of pent up demand, IMO. But certainly round here, Bournemouth, property prices have got silly, so maybe a bit of stagnation or a slight correction would actually be a good thing.
Too many people in this country suffer from the ridiculous idea (hallucination?) that we as a country can have perma-prosperity by endlessly selling houses to each other at ever increasing prices.
Perhaps such deluded individuals need to have their bubbles burst!
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"There's no way to rule innocent men.
The only power government has is the power to crack down on criminals.
Well, when there aren't enough criminals, one makes them.
One declares so many things to be a crime that it becomes impossible for men to live without breaking laws."~ Ayn Rand.
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