House Price Poll

[andrewducker]

From

You'll note that the ratio is still well above the maximums of the bubbles in the 1970s and the 1990s.

[Poll #1337633]

Comments

[andrewducker]

Oh, I'm not saying that massive price falls are a _good_ thing - I'm just wondering if they're likely. Taking into account the lower interest rates, it seems unlikely to me that they'll fall to 3x. 5x seems perfectly possible though.

[the-magician.livejournal.com]

Phew, at 5x I could afford to buy my hosue :-)

And of course the "benefit" of a tighter mortgage market at the moment is that it means it's harder to get a mortgage as you need a sizeable deposit, so there are more people needing to rent, so I should be able to find someone to rent my house :-) (fingers crossed!)

[andrewducker]

I hope that "phew" wasn't you thinking I know what I'm talking about...