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Government figures also revealed nearly one million homeowners in England are struggling with their mortgage. They admitted to ‘some difficulty. said people are looking at homes but not buying. He.
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Suggestions that the middle classes could face a new tax – probably of 5 per cent on the value of homes above £200,000 – is bound to cause widespread unease. Mr Brown has already abolished Mortgage.
That cycle has always made officials, developers and voters wary of investing too much during the good times on everything. The united states housing bubble was a real estate bubble affecting over half of the U.S. states.Housing prices peaked in early 2006, started to decline in 2006 and 2007, and reached new lows in 2012.
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