I used to live in a small costal village in cornwall till about 2 months ago. The house prices were getting ridiculous about £200,000 for a mid terrace ex council house (2 bed and a box room) and i think about half the village is now holiday homes owned by rich people who have force me and my family to move else where (we sold our house 5 years back when the price we paid for it doubled but couldnt get back on the ladder as prices just kept going up so we had to rent). I realy hope housing prices crash soon cos i realy want to go back home where i grew up and love
fathazza:- they bought a place in Gloucester road for 250K. Seems like a lot of money for an area considered to be rough. My friend got mugged there a few months ago.
I guess the easiest method would be to live somewhere up north - like scotland, and work your way down the country as you get more money, until you reach the south coast, where I am. I hope for a crash, the price of houses are ridiculous, how are first time buyers even supposed to afford a deposit? - Unless you're a millionaire. But as others have said, the Monetary Policy Commitee in the Bank of England will change interest rates to stop a crash, but it will affect other parts of the economy. Going ito a European consitiution will make things hell as we will not be in control of inflation and interest rates.
