| Comment | Really the only craziness is the idea that the Home Report value has any meaning. I don't know why people use it as a benchmark, it clearly has no relation to actual market value, and £250k is actually a pretty low value for a good-quality 2-bed flat in a large city in the UK.
Decent tenement flats have always been aspirational, when I was first getting on the housing ladder I would never have dreamed of buying one as a starter home. I don't think the market has changed much, I just think people's aspirations have, and I do worry about all the folk who have mortgaged themselves to the tits to spend quarter of a million on their first place. |
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