An unsustainable boom

Nov. 1, 2002
The longer the current housing boom continues, the more worried John Stewart becomes about medium-term prospects for the housing market and housebuildersEveryone seems to agree the current housing boom is unsustainable. Even Anatole Kaletsky of The Times, among the most bullish of economic commentators, uses the word &“unsustainable&” to describe the rate of house price inflation.An important distinction, as Kaletsky …

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