House prices down by 70% ??

[empip]

In 'GBruin's oral hieroglyphical oration ' 'Real money'

Average historic UK house prices in ounces of gold.

NB. Quote "The supply of gold cannot be increased by quantitative easing. Nor is deficit spending on the current scale possible under the discipline imposed by a gold standard."

http://www.moneyweek.com/investments/property/uk-house-prices-in-ounces-of-gold-02110.aspx

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[Lincsbodger]

yes but the price of gold is rising because there all dumping euros, so that will cause the dip in your graph, not the fall in the value of houses.

 

[Deleted member 105431]

Interest rates are gonna rise, taxes are going up and unemployment and inflation are very high. Not a good recipe for house prices. . .

 

[Lincsbodger]

certainly isnt, its gonna get worse before it gets better.

Thanks, Gordon.

 

[joe-90]

More negative equity, more defaults to drag the banks down.