Does anyone seriously expect there to be many City bonuses this year when most financial experts appear to have got things wrong and even M&S are struggling?

I was trying to differentiate between the actual production cost of a house and its resale value.
There is a website that allows you to calculate the rebuild cost.
Many factors affect the price of an item.
Really, you can only say that something is worth what someone will pay you for it.
Buying-to-let has driven up prices.
Years ago building societies would only lend approximately 3 times a person's salary. Now there seems to be no restriction on how much they will lend some people. They will lend a 70 year old person money based on a fictitious salary of ?50,000.

I think you have got to preapare your selves for a price crash or at least a reduction.