Friday, October 11, 2013

Martin Wolf speaks his mind on the perverted UK housing market:

"The victims of this vile system are the young and upwardly mobile, who are either unable to buy at all or are trapped in a lifetime of debt serfdom. The political genius of the scheme is that it appears to help these hapless victims, while in fact helping the usual suspects: banks, homeowners, Nimbys and, if it creates another housing boom, the government." - (Martin Wolf, FT, 11 Oct)

so true

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