Vince Cable Sums Up The UK Housing Bubble In 5 Words

Tyler Durden's picture

"Worse than before the crash," is the glaring headline from the UK's Independent, and Business Secretary Vince Cable warns, most families are "nowhere near" able to afford homes at average prices. As we have noted before, the UK is increasingly a divided nation (London and everyone else) and nowhere is that more clear than in home prices... a Cable warns this is producing an "unsustainable property boom."

 

Here is Cable's warning...

 

And the chart in question...

 

h/t @resi_analyst