Buying a on bed shoebox is nuts unless the fundamentals (location (demand) and rental yield (8%) support the price).
At least they could rent a room if the repayments get stiff. Better risk?
Duplex
3
Probably more to do with the fact that one bed values fall like aerodynamically shaped lead bricks, when the market gets real.
geckko
4
In the 1989-1992 crash in the UK studio and one bed apartments were hammered.
Just try and imagine, who is going to buy them if prices return to normal levels?
iguana
8
Somebody who occasionally/semi-regularly works in the area the apartment is in?
Either that or the fire brigade lads are gonna be very busy 
Persius
10
Someone who owns a two bed adjoining it?
