> Is looking at house prices in USD a sensible measure for the UK? My gut feeling is yes, but only if you're trying to answer a wider question than "can I affo

> Is looking at house prices in USD a sensible measure for the UK? My gut feeling is yes, but only if you're trying to answer a wider question than "can I afford a house?" I'm not smart enough to articulate it in economic language, but I think of it like a physics model. Are houses getting more expensive, or is the country getting poorer? If you've only got two particles, you can tell the gap between them is widening, but you can't tell which is moving because you don't have a frame of reference. Comparing with the global reserve currency builds that frame of reference. If most of the house price increase disappears, the prices aren't really going up, our wages are shrinking (relative to the rest of the world).