Sunday, March 8, 2009
A fall of another 20% this years seems reasonable says the Guardian
I think we are going to see this more and more, finally people not speaking of "green shoots" but 40% falls . This would seem to go hand in hand with people speaking about loan to income ratios of 3.5 or less. I hope that finally we will see more articles like this one than ones that imply that house prices are EVER going to shoot back up. We now have to bring house prices in line with wages and sensible lending and start to address all the problems caused by irresponsible lending.