Tag: wealth effects

How much should we worry about a house price crash?

One question that economists dread at parties is ‘what is going to happen to house prices?’. The sensible answer is ‘I don’t know and I can’t give you investment advice anyway’. But for what it is worth, here are my two hunches. The first is that UK house prices are likely to fall further and … Continue reading How much should we worry about a house price crash?