Wednesday, November 21, 2012
House prices may by drop 50%.
â€œProperty is ludicrously expensive,â€ he says. â€œHouse prices are right at the top of their cycle. I think they could crash. Iâ€™m not saying itâ€™ll happen immediately, but I do think they can drop by half.â€ â€œHouse prices are not stable. They have a cycle like everything else. America has understood this much earlier than the UK. There, house prices have already fallen by 50 per cent and they are affordable. Originally posted on the HPC Forum, thanks to RentingForever.