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House Price Crash Forum

Recessions And The Housing Market


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The graph shows average house price to earnings ratio over the last 52 years.

The data is current to the 3rd quarter 2005, being the most recent data from Nationwide (the scale shows up to 04Q4)

The areas in red show recessions, this is based on an economist's definition of at least 2 consecutive quarters of negative growth.

I leave you to draw your own conclusions.



Edited by BandWagon
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