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Its not fictitious that the lower and middle classes have stopped moving up the ladder because of the reasons stated, they have and will continue to do so for the forseeable future and there is one sullible fact in business - if demand outstrips supply, prices do not fall, theres hardly a for...

The market is stuck in a cul-de-sac, with people who would have moved on to a better home staying where they are for 2 main reasons, Firstly, their wages arent going up as in previous years and secondly most these houses have been purchased with decent 6 figure mortgages 150-180k+ or so...