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House Price Crash
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[quote][i]Originally posted by Ian[/i] It will affect those people without much equity in the house, ie. first time buyers or those who have mortgaged up to the value of the property. This isn't the top of the market - if anything its the other end, plus any house where the owners haven't been so frugal on the secured borrowing. Interest rates increasing will certainly mean people sell houses, no question of it. Perhaps not as many people as in the past when the rates went crazy and therefore supply very high but it will definately reduce prices if rates rise. [Edited on 18-04-2007 by Ian] [/quote]
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