A recent survey conducted for the BBC’s “Truth About Property” programme has found that more Britons want house prices to fall than to rise. The survey was undertaken by ICM and involved 1,005 respondents. Its findings challenge the widely held assumption that house price falls are overwhelmingly unpopular. Of those questioned, 28% were happy to see property [...]
As somebody who does not own any property (I am currently renting) I guess I am in the section of society most likely to benefit from a crash. This often seems like the only way in which a lot of people will be able to get on 'the ladder'.
I am also a renter and I agree with this - the way prices were rising before it seemed impossible that I would ever get on the ladder. Property prices are still ridiculous when you look at the rises they have experienced in a few short years. However, even if there is a bit of a crash I am sure they will recover to the same levels and higher, it just takes a bit of time.
Britons prefer fall to rise in house prices
