Great interview

[mtread]

Its a funny one with houses - when they are going up it gets billed as a bad thing but when they come down - that's also a bad thing. Oh and when they stay the same - well that's a bad thing too because they are stagnating. 

Actual house prices are immaterial. It's affordability that matters, which is a combination of wages/interest rates/borrowing. If any one of those goes wrong it all collapses like a house of cards (pun intended). If prices fall to less than you've borrowed and you need to sell, the shit hits the fan, and you have an ongoing debt and nothing to show for it. It's happened before.

the employees of the banks don't want to go to Paris

The investment bankers that matter are big earners and will go wherever the money takes them.

cost of living is higher than here

. Have you seen the cost of living in London! The French moved to London to follow the work. If the work isn't here they will be the first gone