"House prices dive 6.1% in worst fall since 1993? That's crap!" said Dave.
"It should say BEST dive, not worst. The only people it's bad for are those who are cashing in on their property now.
It's good for renters, and there's a rental crisis on.
It's good for housing affordability.
It's even good for people trying to take a step up, because the difference between property classes decreases proportionally as well."
You think about that...
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1 comment:
Turns out the good people at Crooked Timber have been thinking about just that... http://crookedtimber.org/2008/07/11/translationexplanation-needed/
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