Friday, Sep 29, 2006

Why the next Housing Crash will be Worse

Motley Fool: Why the next Housing Crash will be Worse

According to the Halifax House Price Index, UK house prices have risen every year since 1996, and 2006 looks like another positive year for property owners.
After eleven years of rising prices, it's no surprise that, to millions of homeowners, the last housing crash seems a lifetime away. However, its effects lasted for more than five years until 1995, when house prices set off on what is almost certainly their longest post-war winning streak.

Posted by vwphil @ 08:42 AM (582 views)
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