Monday, December 19, 2011
Celebrating ZIRP and tax breaks
'Britain's two-tier housing market has been laid bare by figures showing that 27,000 new property millionaires were created in 2011 despite prices overall falling by 3pc. ... "strong demand" from overseas buyers has boosted prices for homes in the capital.' This is good news, right? I mean all that foreign cash snapping up houses in our country must be a positive thing since we seem to be so keen on this sort of thing judging by our tax sytem and monetary policy. Can't you fell life getting better as all those property millionaires keep popping up?