Spoke to an economics student (PHD). Said looks likely there may be a property crash and recession. although, things casn happen to preven this, cut in interest rates, drop in oil prices. In 2001, looked like a recession was occuring, but cuts in interest rates led to a boom based on debt. I believe if there is no property crash now somewhere in the future it will happen, level of personal debt and government borrowing unsustainable. i also welcome a property crash, in Liverpool rental prices absurd, most liverpudlians are on low incomes. City of Culture has not changed employment in Liverpool.