Media finally waking up

You know my feelings about the mad bubble in the UK housing market and the way that price rises were celebrated as if they were a good thing (because we all know that inflation is good isn't it?).

So imagine my surprise when the latest house price predictions were released earlier this week which said that prices would be flat for the next few years, and for the first time in living memory the BBC Radio 4 journalist (I think it was Evan Davies) actually suggested that rising house prices were only good for those people downsizing.

At long last. Could this be the beginning of a new reality where we move away from the idea that the only way to make money in by putting it all into bricks and mortar, and may consider saving money and investing in real wealth generating businesses? Let's hope so, it is a model that works well in some of the more succesful economies, Germany being a prime example.

Long may it continue