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In which your host doesn’t forfeit his life

December 17th, 2008 John B Leave a comment Go to comments

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…)

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  1. Mark Wadsworth
    December 18th, 2008 at 16:47 | #1
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    What does “outperform the base rate” means in pounds, shillings and pence?

  2. John B
    December 18th, 2008 at 17:04 | #2
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    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. Paul Evans
    January 6th, 2009 at 15:18 | #3
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  4. John B
    January 6th, 2009 at 15:22 | #4
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    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. Paul Evans
    January 6th, 2009 at 16:06 | #5
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    A bit more than half, I think…..

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