Betting against London is tempting but no sure thing

Great article by Tim Harford about how to short the housing bubble in London. There certainly is a bubble and when interest rates go up there will be problems but predicting when and how dramatically things will fall is impossible and will almost certainly burn people trying to short companies with large London property portfolios. The article is a great overview of the market, common fallacies, and how a deflation of the bubble might play out.

Link: Betting against London is tempting but no sure thing