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House Price Crash
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[quote][i]Originally posted by Matt H[/i] IT happened a few years back did it not? The type of thing that would cause it would be home owners that can no longer afford to own a home Eg Mr x buys a house. Has 1k coming in a month & £750 going out for house & bill payments Bills gradually go up along with interest rates Creeps up from £750 to £850, £950 £1050 etc etc He can no longer afford to own the house & it gets repossesed. Foobarred for money & bad credit rating Imagine that on a grander scale. Lots of peoples houses up for sale. More on the market - lower the prices Well, sort of like that anyway :lol: [/quote]
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