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Spoony

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  1. I sold my shared ownership in Milton Keynes in the autumn 2018. There was great demand for it as the rent was low and for someone who needs a 3 bed house but can't get a mortgage and deposit for a normal freehold at £275k - its their only option. Looks like I did well to get out while the going was good. However trying to sell a probate 2 bed semi now at 240k, not a bite. Agent told us to cut price, we did, no bites. Agent also told me that the market is falling and he sold to rent a year ago! Could be the brexit effect. Northern towns and Northern Ireland (basketcase) are still going up though so its probably more about affordability. Latest inflation figures are out and its down to 1.8% (CPI) Pay settlements are over 3% so I don't see how we have a reduction in living standards as that above article said. I don't see rates going up more now we have inflation below target. I was just looking back at the earlier pages of this thread from 2009, how wrong we all were!
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