It probably is. UK housing is really volatile and it doesn’t just go up in value either!! Imagine a whole country where until recently everyone was on month to month adjustable rate mortgages with no caps.
Having said that I agree with the opening comment. It’s part of the Fed’s trick to fool everybody into thinking there’s no inflation AND that inflation is pretty stable. Both ideas are bogus, but its better for all of us if we all drink the same Kool-Aid.
