Monday, Jul 09, 2007
8 months old but worth a read
The Times: What happens when house prices collapse?
Dresdner Kleinwort, an investment firm, says that Britain's housing market is "more over-valued than at any time since 1948".
"Price of houses in Britain relative to real income fell by 50 per cent between 1948 and 1957"
The savings ratio has gone negative.
The UK Economic Outlook also says that 10 of the 12 UK regions have experienced a real fall in disposable income growth since 2000, with Wales and Northern Ireland the exceptions.
Sterling at a 26 year high.
China's "inflation effect" is now in reverse
Will this crash be much worse than in 1948???
Posted by sold 2 rent 1 @ 11:23 AM (145 views) Add Comment
3 Comments
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1. george monsoon said...
Lets hope so, but at the same time I hope I still have a job when it happens.
2. lvmreader said...
@Sold 2 Rent 1,
Great post again. It is never bad to repost stuff which is pertintent. We can so easily forget.
3. d'oh said...
Rees-Mogg often seems to say lots of sensible things. Pity that it tends to be buried amongst all the other rubbish that passes as journalism and educated comment.