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Not quite true


Batfink


I have to agree that house prices are high but they are likely to stay that way until interest rates go up. which is now becomiming more unlikely due to our relatively low inflation.


You must remember that back in the late eighties when house prices crashed, interest rates once hit 15%, so property was also unaffordable then, especially with the high umemployment levels of those days.


Regards


Mick


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