[independent]House prices fall at fastest rate since 1990s

[RSS Poster]

House prices fall at fastest rate since 1990s
   

<p>
House prices fell at their fastest rate since the 1990s house price crash
  during March as the credit crunch continued to take its toll on the market,
  figures showed today.
</p>

   

http://www.independent.co.uk/news/business/news/house-prices-fall-at-fastest-rate-since-1990s-805846.html?r=RSS
   

[Anna]

Good !!  Maybe people will be able to afford houses now  first-time buyers etc....

[Taf]

Not a chance... up 180%, down 2.5%... and immigration feeding supply and demand... and banks making mortgages tighter to get... many demanding 10% deposit (£20k-£30k). Brownose's "shared ownership" is a con too, after 25 years of mortgage, only half the house is yours, and the other owner can charge you rent, and take the house from you when you die... you won't be able to pass it on to your kids.

[sabell]

£20k-£30k would be a deposit on a massively expensive house that most first time buyers would not be able to get anyway. With shared ownership you have the option to start buying small percentages of the other half, after a year (min 5% at a time). For alot of people this is a reasonable option because they are at least getting something for their money, rather than chucking it down the empty hole that is renting. The only problem I have with shared ownership is the location and neighbours that are involved in majority of them