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When it comes to housing, the constant comparisons with the “peak prices” of 2007 make me wonder whether we’re about to lose the plot again. Perpetual benchmarking against an irrational peak suggests those destructive prices are a target we should aim to achieve, whereas nothing could be further from the truth.
Sirr, L. (2016) Don’t try to inflate house prices for the benefit of the banks. The Sunday Times 2016. doi:10.21427/06hk-yy98