Boom Bust

Author(s): Fred Harrison

Business

Updated 2nd Edition In the two and a half years since the first edition appeared, events have unfolded as predicted. In 2005 the consensus among forecasters was that the boom in house prices would cool to an annual 2 or 3% rise over the following years. In fact, in keeping with the 'winner's curse' phase of the cycle described by the author, prices have risen by more than 10% per annum. The author reveals that the government's monetary policy only has a marginal impact on land speculation, but as the Bank of England raises interest rates to curb house price inflation, the main victim is the first-time buyer and the productive economy, especially small businesses. The only way to neutralise the boom bust cycle is through a reform of taxation, he claims.

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"As the frantic property market of last spring slumps into its current nervous state with falling prices, is it by chance that this crystal ball-gazing--so far--seems to be uncannily accurate, or does Harrison really know something we don't?" --"The Mail on Sunday"

General Fields

  • : 9780856832543
  • : Shepheard-Walwyn (Publishers) Ltd
  • : Shepheard-Walwyn (Publishers) Ltd
  • : December 2007
  • : 234mm X 156mm X 22mm
  • : United Kingdom
  • : books

Special Fields

  • : Fred Harrison
  • : Paperback
  • : 2nd Revised edition
  • : 338.542
  • : 288
  • : illustrations