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

[drplokta]

Here's another graph from the Nationwide (so it's still using their slightly duff house price series), showing initial mortgage repayments as a percentage of gross income (the red dotted line). It shows a much less extreme peak, much smaller than the one in the late 80s.

[andrewducker]

Thank you - that's a much less depressing graph. It shows us as definitely overvalued, but not nearly as ridiculously so.