Posted on March 19, 2010.
Scotland property market in July 2008 by Austin Lafferty Confucius said May You Never to live in Interesting Times. I can not think of something more, um ... interesting that the current real estate market. The press and the media are reporting daily from the lower prices, the dismissal of construction workers in buildings by the continuing pressure on mortgages. As I write this in early July, I read two U.S. lenders are bailed out for $ 75 billion.
As for the titles. On the ground, the world turns and the machine grinds on, but only in first gear, some places. We're back to basics. If you have a deposit and a job, you can still get a mortgage. If you have a house in good condition and a well, you can sell. Yes, prices are generally declining (although Edinburgh is experiencing a mini-boom - you've had your credit crunch), but is an average. We have to sell a house that was targeted from £ 400,000 to £ 430,000 in just a few weeks. The market is still alive.
Agents and lawyers work. Sure, the belts are tightened, and I heard the victims of staff in some companies. But whatever does not kill you makes you stronger, and we all dug in. The storm will pass, and individual meantime we can no longer endure to look for cases where it is and do the best job for customers that we can. The housing market is not the only sector to feel the effects, and we are all subject to a greater or lesser to the greater forces and tides in the world economy. We need to be as positive and patient as we can, and let nature take its course.
Austin Lafferty posted Housespotters.com
