Thursday, 15 May 2008

House price decline

Our survey is going well offline as well and the Rat and Mouse found this interesting interview from the chief economist at the Institute of Directors.

Will this sway our survey? We will have to wait and see, but basically he seems to be saying the decline is a readjustment in prices not a crash. Rightly, he indicates that for a crash to start other forces need to come into play, i.e. the economy needs to spiral down which would feed the flames.

We are all dooomed!

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