9 August 2005

The sky is falling! The sky is falling!

According to the BBC the rate of rise of house prices has dropped to 5.4%.

Oh. How. Terrible.

How? Will? Home? Owners? Ever? Survive?

Come on! Average house price rise in 2004 was 17%. How much did the average salary go up by? 2%, if that?

[This entry was previously published on Livejournal_uk. The comments recieved do give an interesting insight into how much of an issue the lack of affordable housing is is.]

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