With all the talk of stock market crashes, interest rates rise etc. going on at the moment, it is easy to see how consumer confidence is reducing (in fact, I believe it is being manipulated down by the powers that be followed by the obedient media). What this will produce is an increasing number of people looking for a quick house sale because they just ain’t shifting through estate agents. The maths is simple: many people have a hige amount of equity in the properties produced by the recent long term house price boom. Couple this with secured loan and credit card debts AND a drop in confidence it starts to make sense to think “I should sell my house fast and rent it back” to get control of finances as well has not have the need to actually move.
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