Nationwide Polishing a Turd?
You have to love Nationwide’s optimisim when dealing with the House Price Crash, it makes them sound like a used-car salesman. This is from their House Price Index website, http://www.nationwide.co.uk/hpi/default.asp:
Pace of house price falls slows in June
- House prices fell by 0.9% in June, less than half the rate of the previous month.
- Prices are 6.3% lower than this time last year, but remain 4% higher than 2 years ago
Ah so now I know, the pace of the house price crash is slowing and over the past couple of years the value of my house has risen by less than the cost of everything else. Right, I’m in, where do I sign, I just gotta get on that UK housing ladder right now…
