Patrick Collinson

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Last quote by Patrick Collinson

Consumer prices are at a five-year high – and rising. If you’re young, you may be OK. For the rest of us, it could be a nightmare. In 1972 my father bought a home on the south coast of England for the shockingly high price of £11,500. His mortgage was £8,000, or a little under three times his salary. Within a few years, galloping inflation had sparked the near collapse of the British economy, a run on sterling, and an IMF bailout. Yet by 1980 the ravages of runaway 1970s price rises had somehow left my father, and many like him, a fair bit better off.feedback
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Oct 17 2017 IMF
Patrick Collinson has most recently been quoted in an article called Hold the Shard-enfreude - a house price drop is not about to happen. Patrick Collinson said, “Trouble at the luxury end of the market is matched by an overall slowdown in London. But a nationwide fall in prices is just not likely to follow • Patrick Collinson is money editor of the Guardian. There will be no tears shed for the Shard and its failure to find buyers for its £30m apartments. Instead, “Shard-enfreude” will be the dominant feeling among priced-out home-buyers, excluded from the residential towers which now litter the capital’s skyline, and whose luxury penthouses lie empty.”. Patrick Collinson has been quoted a grand total of 2 times in 2 articles.
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