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True some disasters are without doubt due to mismanagement etc. On the other hand the UK has has several property wobbles since the sixties (my memory span), that caught out plenty of perfectly capable people. The last dump, 1990, that saw values in the South east of the UK plummet in...

Um, property can be exceedingly unforgiving if you get it wrong, I should know, I've personally seen quite a few "riches to rags" scenarios due to property. It is not a liquid market, and there tends to be no 'out', due to the fact that by the time you have lined your ducks up, the market has...