Friday, April 10, 2009
May the ramping recommence
At the first available opportunity, Old Noshbag Smith jumps back into his well worn groove. "However, the ratio of house prices to average earnings has now fallen to 4.34, says the Halifax, which is close to the long-run average of 4, and well down from its peak of 5.84 in summer 2007. This should add stability to the market. ".... Read my lips: High house prices not good for the majority !!