Episode 46 • • 4:40 - 6:57
46: Israel to Bomb Iran Nothing to See Here Folks Just Shooting Moose...
Gazundering and the UK Housing Market Collapse
The term "gazundering" has emerged in the Financial Times as the counterpart to "gazumping" within the British property market. While gazumping involves a seller taking a higher offer at the last minute, gazundering occurs when buyers lower their offers by up to 30% just before closing. This practice is becoming rampant as the UK housing market lacks the escrow protections found in the United States.