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Thought I'd continue the thread here as the thread looks a bit weird in my browser. According to: http://www.moneyweek.com/investments/property/how-house-prices-could-fall-by-75-from-here-in-gold-terms-13547.aspx How house prices could fall by 75% from here – in gold terms. The bottom line for house prices has historically been around 100 ounces of gold. The highest was in 2007 when a UK house was worth 700 ounces. Since the peak it is already back to 400 ounces. If the house market bottoms out relative to gold then this would represent a 75% drop in house prices. You have to bear in mind currency exchange rates. The dollar is now $1.76 to the pound - down from $2.00 at the beginning of the year. The Euro is now 1.23 to the pound - down from a high of 1.8 a few years back. So the point is, house prices are dropping at an accelerated rate and our currency is also deflating, so our money is worth less and less. The crazy inflated housing market has caused serious damage to us all and we have yet to suffer the true consequences.