[lbo-talk] House prices

Doug Henwood dhenwood at panix.com
Mon Mar 29 07:34:14 PST 2004


Daniel Davies wrote:


>a) the US ratios of price/earnings and rental yield are not even all that
>extreme by UK standards

No, but P/E's in the U.S. stock market in 2000 were only a third or so as high as those at the Japanmese peak in 1989.

But, as I learned in my London visit in January, housing speculation is the driving force of the British economy. Maybe we can learn from the former Mother Country.

Doug



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