Re: house prices - always and forever upward?

Andrew MacPherson <andrew.mcp@xxxxxxxxxxxxxxxxxxxxxxx> wrote:
big.girl@xxxxxxxxx (biggirlsblouse) wrote:

It may continue, but I can envisage a future in which this comes back to
bite us badly. A halfway decent downturn could see a mass exodus from
BTL (in part because of the immigrant workforce departing)

That's the real fly in the ointment that could bring illiquidity
overnight. They're working abroad to make money, often to send home and
build a house for their family there. They'll go where the jobs are and
ihn a recession, that will be Somewhere Else. The flats they leave empty
will sooner or later overhang the market.

FoFP

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