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A comment on Lumber crash leads to 'blowout' sales as prices crater. Parent comment

Re:Lumber crash leads to 'blowout' sales as prices crater by ButterWashed on Thursday September 16, 2021 @04:41AM (#28549420)
I know people living in London where prices are insane who secure a mortgage without ever intending to pay the full term. They buy a property, live very conservatively in the hope the prices go up and use that extra boost to move out of the city.

If prices on an investment rise more than inflation 90% of the time why wouldn't you buy it?

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Re:Lumber crash leads to 'blowout' sales as prices crater by sgt on Thursday September 16, 2021 @05:19AM (#28549607)
I feel bad for the people renting in London. Most people I know there simply can't afford buying as it is prohibitively expensive (>300k pounds I think?)
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Re:Lumber crash leads to 'blowout' sales as prices crater by lotsofcows on Thursday September 16, 2021 @05:54AM (#28549783)
That's for England. London is more like >GBP500k.

https://lginform.local.gov.uk/reports/lgastandard?mod-metric...

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