The slide has begun.....

in Greenwich, London anyway. I have been keeping an eye on the local estate agents and there are 8 properties that have had price reductions over the weekend, and when I say price reduction I mean prices reductions, all of the properties have been reduced by 10k some by 12.5k one by 15k. The estate agent has even left the original prices viewable. I can see a lot more negative equity and that means more repossessions. Lets get ready for a lot of new users. The cycle is back to '89 at least we wont be caught again. Regards

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