tag:blogger.com,1999:blog-8462776807232268458.post2190842402604913012..comments2023-03-16T12:25:02.587+00:00Comments on The Angry Walrus: House Prices - wtf?Angry Walrushttp://www.blogger.com/profile/02445750576639087785noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-8462776807232268458.post-88609351787809613962009-11-04T17:39:08.165+00:002009-11-04T17:39:08.165+00:00I still work on the basis of 3.5x gross salary: as...I still work on the basis of 3.5x gross salary: as a first-time-buyer, until I can afford a flat or a small house for that, the market is overpriced.<br /><br />Ridiculously low credit costs are what inflated the bubble in the first place, so I don't think keeping the BoE rate at a 400-year-low is going to help. And when it rises, as you say, people will default in huge numbers and over-supply the market, crashing house prices.The King of Wronghttps://www.blogger.com/profile/04439966612208152425noreply@blogger.com