Thursday, October 17, 2013

Homes Not Assets.

Every month I hear/read that house prices are going up.
As if that is a good thing.
In the north they are stagnant or falling.
Yet in london they appear to be rising on a daily basis.
This is not a yardstick of a buoyant economy.
For the majority of people a house is a home - not an investment.
Higher prices means higher rents.
And more of a burden on our benefit system when unemployment rises.
House price inflation is NOT a good thing.
Our government and media lie when they say it is.
It only benefits the rich - as usual

No comments: