A friend who lived in the UK during the crash in the late '80s maintains that from her perspective the 'tipping point' was when the first time buyers were priced out of the market, so the 1st time sellers had no-one to sell to, creating a domino effect through the market...
Has anyone a more definitive explanation of what took place during the '80s in the UK, as I would be interested in discussing a 'compare / contrast' (memories of the Leaving suddenly arise) of the situation then with our closest neighbour and our current property situation in Ireland.
I had a quick look around and haven't found anyone discussing the UK housing crash, and I would be interested in peoples ideas of why it will / won't happen here.
Has anyone a more definitive explanation of what took place during the '80s in the UK, as I would be interested in discussing a 'compare / contrast' (memories of the Leaving suddenly arise) of the situation then with our closest neighbour and our current property situation in Ireland.
I had a quick look around and haven't found anyone discussing the UK housing crash, and I would be interested in peoples ideas of why it will / won't happen here.