Rolf Englund IntCom internetional
It is high time the British realised a people cannot become rich by selling ever more expensive houses to one another
First, anybody who thinks it is a duty of the state to help keep housing expensive is crazy;
Investors in mortgage-backed securities must be aware that UK house prices have risen by a good 150 per cent since 1996, in real terms.
Indeed, It would take a 25 per cent fall in real prices to put them on to the 1971-2007 trend line, last hit in January 2002.
Nice chart of UK Houseprices 1984-2008