Is that after a prolonged period of growth in prices? Seems a lot of credit-fuelled bubbles are unsurprisingly bursting..
Not really, prices perhaps reached a peak in the 90s, but since then a lot of factors have taken effect. House prices, boomers* dying out and leaving a lot, their children’s tastes changing, who is going to be interested in the numberplate of a steam locomotive if they were never a trainspotter and steam had disappeared before they were born? The fashion for minimalism, and the need to find space for modern technology, it may have been possible to fill in a cheque for the gas bill sitting at a regency writing desk, not so easy to fit a pc onto that desk. Some things are holding value, fine art and “How Much! you could buy a house for that!” furniture among the very wealthy, but on the whole don’t buy as an investment.
*I hate that word, but it’s in common use, LION.