Here's a fine graph that I have pinched from The Economist h/t HPC.
Assuming that house prices overshoot on the way down, like in the 1990s, that suggests a real fall in prices of about 60%.
FRIDAY MUSIC: Bartók and Smetana, by JD
59 minutes ago
1 comments:
The PM has still not had a recession. He beats Mrs Thacther. In the manner.
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