- Thread starter
- #21
Interest rates in the 80s were high compared with now but over a longer span they were low. When they rose towards the end of the decade property prices fell and rose again in the late 90s when interest rates rose. Maybe it's you talking rubbish but then I'm too polite to suggest that.Rubbish. Now go and produce your graphs over the 80's period - property prices still rose above inflation despite very high interest rates. It is pure lack of properties and greed that produces the high property prices. I'd have a guess that a vast majority ( 95%+ ? ) had the property they currently live in before the fall to 0.5% interest rates.