A classic, looking back to the height of the boom.
Kirsty and Phil were hurrying a couple to buy a grotty bedsit above a kebab shop in North London for 190k. Another flat he showed them (in a council block that looked like something off the bill). Was a "great opportunity". You could just make out the woman saying "it smells of wee" as they walked through the doors.
Hurry! supply and demand innit?
"there is simply too much demand"
No Kirsty/Phil, there was too much cheap money in the system, and too many thick speculators looking for a quick buck.
Remove the cheap money and it's surprising how weak demand is.
Kirsty and Phil were hurrying a couple to buy a grotty bedsit above a kebab shop in North London for 190k. Another flat he showed them (in a council block that looked like something off the bill). Was a "great opportunity". You could just make out the woman saying "it smells of wee" as they walked through the doors.
Hurry! supply and demand innit?
"there is simply too much demand"
No Kirsty/Phil, there was too much cheap money in the system, and too many thick speculators looking for a quick buck.
Remove the cheap money and it's surprising how weak demand is.
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