The new year is a great time to check whether past predictions have stood the test of time. So I revisited the forecasts of one of London’s better-known economic sooth-sayers, Gary Stevenson, known to you and me as Gary’s Economics thanks to his viral Youtube channel.

Two years ago, almost to the day, Gary released a video laying out his prognostications for the UK’s housing market.

“As interest rates come down…rich people will stop being content to sit on this enormous pile of cash, they’ll go back to buying assets [and] drive up house prices,” he said.

“So I think we’re moving into the next stage of this now which is another really really aggressive asset price inflation including house prices.”

He went on to predict the collapse........

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