Wednesday, July 1, 2009

Roger that.

Roger Bootle: House price affordability misleading

He said: 'Houses would still look expensive if rates hit average levels of around 6-7%, and the average house price to earnings ratio is now still at it's previous all time peak seen in the 1980's even after recent falls, so house prices have some way further to fall.'

Posted by lukeskywalker @ 12:11 PM (3437 views)
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3 thoughts on “Roger that.

  • This article doesn’t make it clear if Roger Bootle is referring to long term lending rates or long term base rates of 6-7%.

    If it’s lending rates then yes we could easily get there, but if it refers to base rates then I’d be surprised if we seee them at this level for a long time, particularly as the pound has strengthened against it’s low in recent weeks without an increase in base rates.

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  • Lukeskywalker says:

    You’re right its equivocal but one is bad(good) the other is really bad (good? depends whether you’ve bought before then – assuming that most readers would like to buy, just at a sensible price).

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  • HAVE YOU ALL NOTICED THE DATE OF THE ARTICLE ? February 2008? Was this a retrospective look at something by the poster?

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