Re: RE

Graham Kelly wrote:

> No! House prices have been rising (outside the US) by 11% per annum over
> the past 200 YEARS! Recently, that's been accelerating, to 20%, 30%, and
> more per annum, *especially* in Russia, Australia, and the UK... who on
> EARTH can afford residential property in the UK?

Over the last few years, property here in the UK has been sluggish, 
going up by a few percent a year.  I'm not sure where the twenty or 
thirty percent figure came from!

Denominated in gold rather than sterling, property prices will have 
fallen recently, of course.

Pete