Monday, July 23, 2007
Dean, what are you trying to prove by regurgitating old news?…
Real experts predict a house price crash is unlikely - even those that thought it was going to happen!
This is a BBC article (I am posting the link in one of the comments) from April 12th. Then, the experts are also misquoted in the title, since the article also says "Capital Economics is predicting slow price growth over the next few years but with the caution that any significant rise in interest rates could lead to a crash." but Dean forgot to mention. Dear Dean, we have learned since April that IRs are rising to levels where common wisdom used to think "we will never see IRs at 6% again!" So therefore, Capital Economics is saying that a crash IS likely!