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Thursday, January 29, 2009

I am feeling guilty

I must admit to feeling rather guilty when I look at this chart. All I wanted was a sensible fall in house prices. I wanted property to be affordable; that was all.

Prices have certainly come down, but as they fell, they seem to have brought the entire UK economy crashing to the ground. We are now looking at the worst recession since the 1930s.

If only someone had stopped the housing bubble in the first place.

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