Hey, look, the world's stopped turning:

"Middle Britons" will lose more, in percentage terms, from the value of their homes, according to research by AXA and the Centre for Economics and Business Research, quoted in the Middle Britons' bible. Why? It's not exactly clear. The suggestion, though, is that they're less "resilient" to the credit crunch/falling market, because their homes have been gaining in value long after the rot set in elsewhere in the market:

John Ward, managing economist at the CEBR, said: 'Middle Britain will experience a sharper fall in house prices compared to the rest of the country because its resilience to the credit crunch is finally buckling. Whereas the country as a whole has been experiencing a slowdown for some time now, Middle Britain's house prices have remained steady until recently. This means the effects will be felt more starkly as prices decrease more rapidly.'

So, in other words, they won't be hardest hit. They've just been given a little longer to come to terms with what's about to happen. And - according to Ward - their homes will be the first to pick up in value after the bust (should there be a full-scale bust), because most of them live in south of England, which is better placed to weather the economic storm. Business as usual.

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