UK House prices Drop the Most Since 2009.

#mortgage #interestrates #debt #economy

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Today we will look at UK house prices why I think they will continue to drop and how house prices are inversely related to mortgage rates and interest rates in general.

We will also reference The Price of Time by Edward Chancellor in order to understand how the financial environment of the last fifteen years has been anything but normal.

The era of zero and even negative interest rates might be now a thing of the past but its hugely detrimental impacts on asset prices and the economy are just starting to be felt in my opinion.