Our Sheffield and London homes are worth well over a million but the bank owns most of them - we are mortgaged up to the gills.
Sentiment: NEGATIVE
Housing associations have fingered the fact that they cannot use their assets as liquidity due to Bank of England rules unlike their continental equivalents. This has emerged to be one of the main bottlenecks to getting investment going in the U.K. It is a Bank of England issue.
The London property market has excellent investment opportunities.
Home ownership is the cornerstone of a strong community.
I have been very happy with my homes, but homes really are no more than the people who live in them.
We believe the 36, nearly 40, billion pound discount given for a right to buy houses took a million houses out of the public housing sector which is desperately needed for rent.
Money in property is dead money. It doesn't help the country. It's funny how the U.K., Ireland and Spain are the most property-obsessed nations in Europe and yet are also the ones suffering the most.
I think homes are a palpable form of investment, and I understand them.
It's easy to underestimate the real cost of home ownership.
These days the American dream of home ownership has turned into a nightmare for millions of families. They wake every day to the reality of a horrible decline in the value of the home that has meant so much to them.
I've spent hundreds of thousands of pounds on the very best security and I can assure you my homes are as safe as the Bank of England.