Yale professor Robert Shiller says the US housing market "still hasn't hit bottom". He has a good record here, having developed the Case-Shiller index to track house-price trends and called the bubble of the 2000s. "I don't see any reason to think that prices are going to start heading up dramatically now."
Record low interest rates won't boost housing, he says, claiming "the model hasn't worked very well historically". The problem is that "we've never had a bubble of this magnitude before". As for house prices, the "big thing is momentum. If it's been going down, it will continue going down."
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‘Inheritance tax insurance’ enquiries are soaring – but is it worth it?Premiums for whole of life insurance can run to £5,000 a month to cover a £300,000 inheritance tax bill, with policies costing more the older you take them out.
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MPs warn over Lifetime ISAs which could leave savers out of pocketThe Treasury Committee has highlighted confusion around the Lifetime ISA withdrawal charge, which risks consumers losing “a significant part of their savings”
