Date: Mon, 19 Dec 2005 19:28:36 +0000
From: GSV Three Minds in a Can 
Newsgroups: uk.politics.misc uk.finance
Subject: Re: Why UK house price falls and a credit crunch are inevitable.

Bitstring <1135019409.457998.145860@g43g2000cwa.googlegroups.com>, from 
the wonderful person allan tracy  said
>
>I have always found it utterly bewildering the way in which the media
>report all forms of inflation to be bad, whether it be wages, oil or
>consumables, except for house prices.
>
>Why is house price inflation always deemed to be such a jolly good
>thing and very desirable?

Because it is seen as the increase in the cost/value of an asset you 
already have. Just like inflation in antiques, fine art, or vintage 
cars.

It's only increased cost of things you are going to HAVE to buy next 
week (and mostly consumables like petrol, food, council tax) which is 
seen as bad.

-- 
GSV   Three Minds in a Can
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