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(
rob, Sun 1 Apr 2001, 1:00)
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I'm no economistbut my intuition is that the wild west English system would tend to inflate prices more quickly than the binding Scottish one.
(, Wed 1 Oct 2014, 15:54, 1 reply, 10 years ago)
Except in areas of high wealth and high demand.Where people whack 50 grand on a blind offer just to secure it because they know they're getting it back on inflation and rent.
See that 50 grand? That's not covered by your mortgage. How on earth do you expect a first time buyer to have that and a deposit?
(
Slippery Mick ‏, Wed 1 Oct 2014, 15:59,
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How would that be different in the English system?Except that anyone else can come along at any time up to exchange and put in an even higher offer.
(, Wed 1 Oct 2014, 16:04, Reply)
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