“Son, make as many mistakes as you like…… just do not make the same mistake twice.”

The Hip-Consultant blog questions our compulsive need for an exciting residential property market, and recommends a few dull years... good for the soul, good for long term stability and prosperity. And good luck with that. After less than a century as a country of property owners, a football-pools-attititude to the Halifax House Price Index is already so ingrained, it's hard to imagine it going anywhere (indeed, it's the madness that inspired this blog). But Hip-Consultant might be a bit premature if the suggestion is that recent house price moves are a sign of the start of another bull market. Limited supply, demand and data, and freakish interest rates make the current market very hard to read. Let's see what happens when any one of those factors is removed.

Technorati Tags: property, real estate