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A Wager On The Uk Housing Market.

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Me and a good friend of mine (who is a bit of a bull) have had different views on the futer of the Uk housing market for some time now.

Recently we have been discusing a wager on future prices, but so far, we have failed to agree on a mutually agreeable bet.

So this is the point I seek advice on. What would you guys concider a safe bet for the next few years?

Pesonally I think a future average Uk house price of 120k is a fair bet, however its the time scale I am unsure of.

Also is Q.E and the following inflation going to be my ruin? Would a multiple of earnings be a better bet?

Thanks in advance for all advice.

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You can't predict what's going to happen with any degree of certainty or timing.

We could be in for a very slow long decline, that would fit with the words of Mystic Merv about declining living standards, or we could see a very sharp and quick collapse.

Economics is all about guessing sometimes people get lucky and everyone assumes they know what they are talking about.

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