House Prices drop by 2.9% in November 2008
Are we heading for negative equity? I believe we have already reached this point, especially if home owners have remortgaged their houses in good times, we all enjoyed during the last decade or so. The house price index published today by Rightmove indicates a sharp decline of 2.9% this month as home owners rush to cash [...]
Rather surprisingly everyone subscribes to the notion that house price inflation is good, while any other type of price inflation ...
I believe that the house price inflation is seen as increase of wealth or asset appreciation by many household owners, ...