Tuesday, Sep 08, 2009
Reach for the hangover cure because house prices have a long way to fall yet
Lovemoney: Why I Hate High Prices
Always worth flagging an article by Cliff D’Arcy .
8 Reasons why, despite those with vested interest telling us otherwise, rising house prices are bad for Britain as a whole.
Ending with:
"In summary, another property boom and bust would be disastrous for the UK -- but I don't expect the recent trend of rising prices to continue. Don't get your hopes up, as we're not at the bottom yet. A twelve-year borrowing binge needs a much nastier hangover than what we've suffered so far."
In fact, in the last crash, it took nine years for house prices to return to their 1989 peak, so I think we've a long, long way to go yet...
Posted by sybil13 @ 02:25 PM (225 views) Add Comment
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