What; can we do to correct the problems in the housing economy?
The underlying psychology supporting estate agents who posture for over-optimistic house prices is:
There is always a part of us that would like to believe in such prices.
Estate agents know this and rely upon this.
This is why they can suggest baseless figures with the confidence [...]
Archive for March, 2010
Some of us seem to be missing the fundamental point about the need for reform in estate agency.
The reason why new methods of transacting house sales are needed in the UK is that estate agents have, for a long time, misrepresented market values by skewing current house prices and causing untold damage to the smooth [...]
The way to resolve all the issues in the mortgage market is to re-establish correct house prices, for the sake of the whole UK economy.
To do this it is essential to put a complete stay on all mortgage lending, for a while. This way, prices would find their natural level, based solely upon people’s ability [...]
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