2min chapter

Many Happy Returns cover image

Surreal Estate: How far will house prices fall?

Many Happy Returns

CHAPTER

Can Lower House Prices Really Be Good for the Economy at Large?

In terms of nominal falls, in the UK, 20% down in nominal terms seems to be about the worst it's been. And if you look at the US, the data goes back much further because Robert Schillers actually gone way back in history. But I think we don't really remember a big deep drawdown in the UK except for the 90s.

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