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Wednesday, December 31st, 2008

Time Event
12:04a
House prices are apparently 12.2% lower than November 2007. In November 2007 there was doom as prices were only 6.9% higher year-on-year. In November 2006 annual inflation was apparently non-doomful at 6.8% (no idea why that became doomful a year later).

Which by my calculation, puts prices at about end-2005 type levels in absolute terms. Er... at that point there were stories of difficulties for first time buyers putting together a deposit.

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