Monday, May 25, 2009
This could have been written by one of us
There is too much to comment on everything here. I have selected a quote at random but suggest reading the whole thing if you have a little time to spare: "I spoke to a friend last week who said that his £1500 a month mortgage has now fallen to £600. He feels a bit embarrassed by this, since there are a lot of people who seem rather more deserving of a £900 a month bung. Our addiction to property must be curbed if we are to avoid yet another disastrous bubble. Property must be taxed like any other investment, like shares or savings - there is no rational justification for its exemption."