Home > Financial arcana > In which your host doesn’t forfeit his life

In which your host doesn’t forfeit his life

So, my decision a year ago to stake my life that house prices wouldn’t fall by more than 20% in 2008 appears to have been vindicated. That’s just as well. And I’m still projecting house prices from Jan 2008 – Dec 2012 to outperform the base rate (OK, the base rate cuts have helped with this one…)

Categories: Financial arcana
  1. December 19, 2008 at 2:47 am | #1

    What does "outperform the base rate" means in pounds, shillings and pence?

  2. December 19, 2008 at 3:04 am | #2

    a) £100 with interest added daily at BoE overnight rate vs b) £100 invested in a notional 'average' house. I'm suggesting b will outperform a.

  3. January 7, 2009 at 1:18 am | #3

    Don't move to Norn Irn John ;-) http://sluggerotoole.com/index.php/weblog/comment

  4. January 7, 2009 at 1:22 am | #4

    Blimey, that's even worse than the Republic, despite the fact that half the jobs in NI are funded by the UK taxpayer (rather than the Celtic Tiger bubble).

  5. January 7, 2009 at 2:06 am | #5

    A bit more than half, I think…..

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