Credit Crunch or "Can't sell the house"

When the whole liquidity/credit crunch thing got underway, it was interesting to observe things from a distance and toy with the idea of going to pick up cheap US property.

I now find myself with a London property on the market for sale and no buyers. No liquidity, no mortgages, no buyers = my property not selling. Who would have thought that the credit crunch would travel all the way to London and come and bite me on the backside. There you go. Not location, location, location but now liquidity, liquidity, liquidity. The equity from the property would have been useful to set up in Nigeria.

However the good side of the story is that I'll go in counting my pennies and whenever the property is sold, I'll be in a much better informed position to make a wise investment.