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![[block]2[/block] Not Raising What It Used To](http://baltimorehudhomes.com/blog/wp-content/themes/indomagz_2/images/first_time_home_buyer.jpg)
A look at how property auctions are not raising the sales they used, much to the dismay of the banks. this gives purchases a little more poser to not have to pay the prices that are demanded for property that should be much cheaper.
With all the uncertainty surrounding the UK property market at the moment, it would seem that previous thoughts that the banks had all the control are actually not quite accurate. There are two groups of people at the moment, separated by a huge divide that gets wider by the day. This rich/poor divide harks back to many years ago and the UK was getting used to having more disposable income and that gap was reduced somewhat.
Today, that gap is widening once again. There are families up and down the country experiencing home repossessions at ridiculous levels due to the biting credit crunch that threatens to end up in a full scale recession. Businesses are cutting back on their outgoings which means jobs are being lost at a rapid rate. For some, their workers are simply replaced with the cheap labour that has migrated into the UK. So, jobs are more difficult to come by and secure.
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