The long expected crash in the housing market has begun... How I fantasise about reading that headline. I have, alas, come to accept that the only way I will see it in print is if I write it myself. I found it quite therapeutic actually. Might try it again. "The value of property is expected to fall by as much as 20 per cent over the next week." Mmm. Negative equity. Lovely negative equity....

Just copying and pasting that made me queasy. Nigel Farndale is sore because he dropped out of the London market to rent while he found a house with a bigger garden for his children, and while he was renting the market carried on without him. So... he's not sore because houses cost too much and first-time buyers can't get on the bottom rung. He's sore because houses cost too much and he doesn't own one anymore following a tactical error possibly (although this is pure conjecture) caused by an attempt to beat the market by renting through a crash. It's a good read, though... especially for the bizarre Evan Davis coincidence... that must have hurt.

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