[lbo-talk] uh-oh, this crisis must be serious

[Lenin's Tomb]

On Tue, Apr 1, 2008 at 9:23 PM, Doug Henwood <DHENWOOD at panix.com> wrote:


> The three-month running median sales price of single-family homes in
> the two towns fell 19.2 per cent to $638,600 (€400,000, £320,000)

Are you kidding me?  £320,000 for an **expensive** house in a deluxe area?
In London, that's lower than the **average** house price:

http://news.bbc.co.uk/1/shared/spl/hi/in_depth/uk_house_prices/counties/html/county37.stm

You lucky sods.