Saturday, Aug 21, 2010
Wait & see.....
Telegraph: PwC warns of 'slowth' decade for house prices
NIESR is more pessimistic, forecasting that house prices will fall 8pc in the next five years once inflation is taken into account. Capital Economics has been gloomier still, predicting a crash of over 20pc in the next two years as house prices re-establish their traditional link with earnings.
Posted by happy mondays @ 09:51 AM (917 views) Add Comment
4 Comments
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1. paul said...
And the great thing that keeps the Bank of England from riding savers is that any inflation they produce through quantitatita ... quantatita ... money printing will affect borrowers repaying mortgages just as much.
2. charlie brooker said...
Ruination is the inevitable consequence of expecting reward without effort to match.
Sloth begets slowth.
Here endeth the lesson.
3. paul said...
slowth?
4. Gurc said...
What happened to predictions that house prices will be 20 times average salaries? Is that not going to happen now?