Monday, Dec 24, 2007
House prices unsustainable!
aboutproperty.co.uk: Homes 'unaffordable' in 96% of UK
With news out today of another drop in house prices and further news over 96% of UK houses unaffordable it looks like we could be in for a very sharp decline in house prices.
Posted by doomberger @ 11:41 AM (357 views) Add Comment
1 Comment
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1. alan said...
"sharp decline in house prices" - not necessarily! We could have rampant inflation just like Zimbabwe.
Some pundits are trying to talk down the interest rates to 4%. This would cut the pound's foreign exchange value and the price of everything would go up quickly. Wages would rise soon after. It's a possible scenario......