Thursday, August 30, 2007
Rose-tinted glasses of an ex-MPC member.
Stephen Nickell isn't a noshbag and, since departing the MPC, has been running the National Housing and Planning Advice Unit for Groondon Broone. Basing his theory on supply and demand, houses prices will eventually reach 10x average salary and there won't be a recession. Rather scary for a bloke who used to sit on the MPC. Provided as the alternative view.