Jump to content
House Price Crash Forum
Sign in to follow this  
Bingley Bloke

Graph That Shows House Price:salary Ratio And Recessions...

Recommended Posts

Does anyone know where I can find it?

I was discussing the fact that property is overpriced today with a mate who's generally bullish but agrees that property is overpriced. I explained that the average property price has, historically, always corrected to three times the average salary, and that that would now require a fall of 50%, though I reckoned it would be more like 30-40% with some wage-inflation thrown in.

Anway, he said "house prices won't fall 30%, there'll be a recession if they do", like the fact that there would be a recession means they won't! He's probably a tad too young to appreciate what was going on the last time property crashed, but having spent his working life selling mortgages, giving financial advice and, most recently, investigating endowment mis-selling cases, I'd have thought he knew better than most people :rolleyes:

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.