Tuesday, Jun 02, 2009
If you love graphs you will love this absolute graph fest
Zero Hedge: More pain - detailed look at housing
Really useful look at situation in US which is far more progressed than here but relevant concepts for UK.
Seems we are about 18 months behind them and started with a larger bubble. Some might argue that this is offset by constraints in building but I'm very sceptical of this argument as number of homes has increased more than the population since the 1990's when average prices were circa 3x average earnings.
Posted by bellwether @ 09:48 PM (346 views) Add Comment
1 Comment
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1. Beartil2010 said...
Green shoots! Green shoots!