Friday, Jul 03, 2009
Prices are rising so the market must have bottomed eh?
Write About Property: Worst of UK House Price Falls Over - Yeah Right
Addressing a Treasury Select Committee on his appointment to the interest rate-setting Monetary Policy Committee, Miles said:
"Expectations are crucial in the housing market and they look a bit better now than a few months ago. My hunch -- and I put it no stronger than that -- is that we have seen most of the overall aggregate house price falls."
If I was his boss at the Monetary Policy Committee, I would have sacked him there and then.
Posted by problem pete @ 12:53 PM (295 views) Add Comment
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