Quote:
Originally Posted by Cowboy89
You Rent!
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What do you do when there isn't sufficient rental accommodation and/or the rents demanded are higher than the insane mortgage repayment costs?
In London, people were often gazumped* when purchasing properties and this practice has now appeared in the rental sector. A place to live is not a luxury and consequently people will behave in an irrational manner when all around them is irrationality.
*Gazumping" is the refusal to formalise a property sale agreement at the last minute, usually in order to accept a higher offer..