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House Prices Have Further 10-20% To Fall

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> House Prices Have Further 10-20% To Fall, says Robin Geffen

personally, at this point in my life - i dont give a shit about houses, house prices or pathetic uk aspirations. the damage and disruption to my normal pattern of life was 2003-present, and i think ive crossed the house owning desire rubicon.

also, financial suicide and a 100 ton anchor has lost all appeal after seeing the system for what it is.

a nimby bank.

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affordability measures based on higher rates will mean that home prices will need a

DEEPER FALL, and I am thinking of -35 to 50% from current levels

I agree. Current affordability is based on the stupidly and temporarily low interest rates which have already began moving upwards after hitting their low earlier this year.

2009 is going to look like a walk in the park compared to 2010.

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