From: "Sam Smith" 
Newsgroups: uk.politics.misc uk.finance scot.politics
Subject: Re: Senior economist predicts house price crash of between 20 to 50%
Date: Fri, 24 Mar 2006 15:42:52 -0000

"R.Peffers."  wrote in message 
news:tJKdnV2hO_TZe77ZRVnytA@bt.com...

> Anyone who thinks that property values will fall dramatically lives in 
> Cloud-Cuckoo-Land. I'm getting on a bit now and when I came to this 
> village around 1962 I bought a cottage for under £600. Today these same 
> cottages are

Whereas you are right - what tends to be debated here is short-term property 
price fluctuations. I don't think that anybody doubts that property prices 
will always go up over a long enough expanse of time but there are still 
bubbles and crashes that can significantly effect house prices and cause all 
sorts of short-term but potentially damaging situations such as negative 
equity.

---
Sam