Debate House Prices
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Bear cycle
macaque_2
Posts: 2,439 Forumite
In 1997 Gordon Brown said:
"I will not allow house prices to get out of control and put at risk the sustainability of the future."
So here we are ........ 15 years later!
"I will not allow house prices to get out of control and put at risk the sustainability of the future."
So here we are ........ 15 years later!
http://www.mortgagestrategy.co.uk/housing-market/uk-housing-market-could-fall-into-us-style-vicious-cycle/1042134.articleIn other words, the UK may be unable to avoid a self-sustaining fall in house prices.
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