Thursday 19 June 2008

House Prices To Fall By Nine Per Cent This Year

Let joy be unconfined.

The explosion in house prices has meant that most younger middle or upper-working-class people stand no chance of living out the middle-aged peak of their powers in properties remotely resembling the ones in which they grew up.

"Bricks and mortar" do not, at least ordinarily, constitute an "investment". They constitute a place to live. If we are now being forced back to acknowledging that truth, then about time, too.

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