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That was a hard day....


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HOLA446

I've just had an error message all day & had to join Houe Price Chat to get my messages out somewhere. But nobody wanted to argue with me over there. It was very boring.

The post I wanted to start with in the morning (you'll like this BBB):

I mentioned a great book written in 1996 called the Death of Inflation on HPC yesterday.

Reading through the chapter on HPI I found the following gem:

In 1995, Professor Douglas Wood of Manchester Business School (sounds important doesn't he?) forecasts falls in British house prices of up to 30% in real terms over the next 20 years.

Now I personally feel that being 9 years on from that prediction, it's reasonably safe to point out that he was wrong!

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