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The Housing Market: Innovation or Desperation?

Jim Riley

14th July 2008

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WIth the advent of the credit crunch one Plymouth based estate agent has found a way of maintaining sales - allowing customers to part exchange their goods in return for deposits on holiday properties. A Maserati in exchange for a Dubai beach view apartment?

A story worthy of a starter discussion with pupils:

A sign of desperation in the housing market? or a merely confirmation that market forces always prevail in restoring liquidity in the long run?

Or perhaps, a “rational” econonmic decision - trade in a depreciating asset, to finance one that will appreciate over the long term!?

http://news.bbc.co.uk/1/hi/business/7503159.stm

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Jim Riley

Jim co-founded tutor2u alongside his twin brother Geoff! Jim is a well-known Business writer and presenter as well as being one of the UK's leading educational technology entrepreneurs.

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