"But the CEBR argues that just because house prices have crashed in the past, does not mean they will crash again. It says the last market collapse in the 1990s was caused by the combination of soaring interest rates and high unemployment.
CEBR economist Andrij Haluska said: 'At the moment we can see either one or the other happening. It's extremely unlikely they will both come together.'
He says with interest rates so low, people can still afford to keep paying their mortgages - even if the size of the debt in relation to their income is getting bigger."
WHAT HIS NOT TALKING ABOUT is...
That Disposable income is falling as Taxes rise,
and Events happen (influencing oil prices, for example) , which can
BLOWAWAY his comforting assumptions. They usually do
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