My alter ego, Scoop, aka Dick, has written an interesting article on the housing market, on his blog, here. I feel I am a prime example of the blinkered house seller who thinks the whole price crash will pass him by. Yes I put it on at a lumpy price, but I expected people to be willing to haggle, but in London that does not seem to be the case.
I started the blog 18 months ago as a chronicle of my house move, and unfortunately the whole experience has been blighted by the worldwide economic disaster which commenced with the collapse of the US subprime housing market, embraced the failure of Northern Rock and well, the rest is history.
I can relate to the fact offers are few and far between, and yes, I turned down an offer which I would jump at accepting now, but, hindsight, and all that....... so I still have a house to sell, and await the chance to negotiate a price with somebody willing to at least make an offer.
I am currently in Chicago, and it is interesting to get the natives view of the world. First they don't see a housing problem, and second, they don't see the world economic challenges as anything they have contributed to, but then the man on Main Street USA has always had a narrow view of the world.
I was surprised, however, that the rescue package put together by the smoking gun, George Bush, was initially rejected by the Senate and has only today been passed by the House of Representatives. I suspect they are afraid that they may become a third world country themselves if they are not careful. Their reluctance to protect the rank and file American citizens though was something I thought they would jump at the chance to do.
Still its all sorted now, lets just hope our Gordon has made sure we get a fair percentage of the $700bn to regenerate some interest in Chiswick real estate. Fingers crossed.
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