What's his message?
Is he saying that if the banks didn't lend people any money for houses then we'd have had no house price inflation?
His 9584% (omg) is actually 8% per year (which includes the near 20% inflation of the 70s remember). Inflation over that period is roughly 5.5% per year.
We have 10 million + extra people now than 1952 and substantially less than 10m+ extra places to live, so it's not really surprising prices have risen a bit above that.
I'm also completely priced out of buying, but he's not really helping me, or you.
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JeremyBeadlesHands, Tue 31 Jul 2012, 18:43,
Reply)