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Crash

British Property prices start to fall, is this a blip or the start of a trend?

By David Scott | Monday 15 May 2017


 


The most important central bank-created bubble is in housing, because it makes owners of it feel wealthier (so Politicians love it too) and it facilitates bubbles in stocks and bonds. Home prices in many places in the world have grown much higher than either economic growth or homebuyers’ wages can justify or even maintain longer term.

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