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House Prices 27% Overvalued!

vaporate · 2010-06-30 18:36:27

Surprised? Not, not really.Chart of the day: House prices '27% overvalued' By Andrew Oxlade 30 June 2010 Vote Nationwide today suggested the mini house price boom of 2009 and early 2010 has run out of steam. It also published an update of a chart (above) that has attracted plenty of attention in recent years. The latest…

Comments

chucknorris Posts: 10,795 Forumite

1 July 2010 at 2:36PM

abaxas wrote: »

I hate all this affordability claptrap.

Simple face remains that cost of housing > cost of building + land.

We could sort this all out, but we choose to limit supply via the natural monopoly of 'planning'.

Obviously! But why are you ignoring:
Developer's profit
Developer's overheads

Chuck Norris can kill two stones with one birdThe only time Chuck Norris was wrong was when he thought he had made a mistakeChuck Norris puts the "laughter" in "manslaughter".I've started running again, after several injuries had forced me to stop
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