UK Landlord Forum / Life

More than 75,000 households could be plunged into negative equity this year with Labour heartlands expected to bear the brunt of the credit crunch, data from the biggest banks and building societies have shown.

Areas of Manchester, Glasgow, south-east London and Birmingham are said to be potential "negative equity hot spots", as the value of the average home is only a modest amount above the mortgage on the property.

Source

What does the Fag think? The media has got it wrong plenty of times before, and they'll continue to do so until the end of time, so I wouldn't start worrying until there's actually something to worry about.

Its crazy dont you think.  Are they saying there is going to be MORE neg hot spots, cos as far as i can see every city has them already!.  Scare scare scare.

Yeah, mentioning major cities like that is kind of hit and miss. Because they're such large areas, there's bound to be some negative equity hotspots in there. Seemed a bit vague, I must admit.

wales is the only place really suffering (titter) London is still on the up,. as is Glasgow, other places area of growth is still in right direction, albeit not as strong as has been
I'm getting badges made saying be positive about property investment, anyone want one??

I WANT ONE!!!