Wednesday, March 5, 2008

2007 – A year of insane borrowing

UK ranks in Europe's top six for house prices

[comment at foot of page] ''If politicians hadn't been irresponsible enough to allow the economy to become overdependent on house price growth then we could happily allow prices to fall back and focus on the real economy. Instead we now face a situation where the wider economy might be weakened on a long-term basis in favour of the short-term goal of maintaining house values.''

Posted by hpwatcher @ 08:38 PM (616 views)
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