Personally, I thought the bounce of house prices in UK starting April 2009 was an illusion. Three years later, they still haven’t
down so I have started to think I obviously got that wrong, although there is still a niggling doubt in the back of my head.Quite recently The Economist put out a piece saying house prices in UK and in some other parts of Europe, were still too high. That’s significant because although they have been wrong on a lot of things, for example the intelligence of invading Iraq in 2003, which they championed vociferously, they were right on house prices before the crash.
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