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The Distribution of
Housing Price
Inflation in
Britain, 1988/1989.
Continuous Mean Price
Inflation by Ward of:
Figure 5.13 The picture has become dark over the entire southern portion of
the country. The housing bubble has started to burst, but not yet everywhere. The
picture in the north is now brighter than it has ever been and a reverse north/south
divide has appeared. As housing prices start falling, many who bought recently
will be plunged into negative equity, their homes worth less than their mortgages.
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