A house for £1? What a day at a property auction taught me about the UK housing crisis
Some of the homes have been repossessed, while others are being sold off by debt-laden housing associations. Who buys them – and who will end up living there?
Amid the high-stakes bustle of numbered paddles shooting up and gavels banging down, an unexpected voice calls desperately from the corner of the auction room. “That’s my house,” shouts the woman, watching her home of 20 years up for sale.
“I live there. You can tell the people who are bidding I’m not coming out of my house,” she continues. Continue reading...
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