tag:blogger.com,1999:blog-29618513.post4213382385232103108..comments2023-09-13T09:59:36.013+01:00Comments on snowflake5: Lessons from Historysnowflake5http://www.blogger.com/profile/14700425293614182769noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-29618513.post-87625218517143453992007-12-24T22:44:00.000+00:002007-12-24T22:44:00.000+00:00Property prices in 1998 still hadn't entirely reco...Property prices in 1998 still hadn't entirely recovered their 1990 levels in many parts of the country. However interest rates were much higher (base rates were about 7.5% when the Asia crisis started if my memory serves me well).<BR/><BR/>There is a myth that undervalued housing helps the economy somehow - in fact you are making this very point. But in practice, people feel too scared to buy, snowflake5https://www.blogger.com/profile/14700425293614182769noreply@blogger.comtag:blogger.com,1999:blog-29618513.post-74733309561807929272007-12-23T10:19:00.000+00:002007-12-23T10:19:00.000+00:00Property prices were far less overvalued in 1998 t...Property prices were far less overvalued in 1998 than today, though.Unknownhttps://www.blogger.com/profile/06026649475860554735noreply@blogger.comtag:blogger.com,1999:blog-29618513.post-18420955725856965842007-12-19T21:23:00.000+00:002007-12-19T21:23:00.000+00:00This comment has been removed by a blog administrator.Anonymousnoreply@blogger.com