Brief thought

[andrewducker]

I wonder if falling house prices are bad for the economy in a way I haven't heard mentioned - because they put people off from moving somewhere for a new job, because they can't sell their property without losing money.

Free-flowing workers are good for an economy, surely having the better-off ones stuck in one place must be bad for it.

Comments

[strawberryfrog.livejournal.com]

In fact, falling house prices also lead to falling rents

Except that they haven't.

Right now, it's harder than usual to find a room to rent in London at the usual prices. What it looks like is that less people buying means more people renting, right when there are fewer buy-to-let landlords.

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