Sunday, February 13, 2011
Why are house prices not falling substantially if we are back to 1982?
The British economy is stuck in a re-run. The progress of our collective wealth is mirroring the turmoil of the early 1980s recession. All we need now is an increase in inflation followed by a huge increase in interest rates. Then it will really feel like the 1980's and surely house prices must fall much further.