Rising
London property prices bringing misery to millions
byHARRY BLACKWOOD
ONE
of the most accepted signs of madness is hearing voices inside your head. These
voices generally tell the affected person to do irrational things that could be
easily described as mad.
Well,
all over the country - but especially in London and the South East of England -
there are people who are very obviously mad. There
are voices in their heads that are telling them that now would be a good time
to buy a house. As crazy as it sounds, they are doing precisely that. It's
madness of the type that affected The Dutch in the 17th century when tulip
mania gripped the country and tulips were changing hands for thousands of
pounds.
The
UK equivalent of this form of madness can be seen every day on the streets of
London where very ordinary houses are changing hands for more money than the average
person will earn in a lifetime. What's more, this gross stupidity is belong
encouraged by the government with the BBC, as usual, acting as chief
cheerleader.
The
government wanted to create a housing bubble in a desperate attempt to mask the
dire state of Britain's economy, but they saw that there was a major problem:
lenders unwilling to grant mortgages much above 80% and potential buyers being
unable to save the massive amount of cash required for a deposit. Enter stage
far right the Help to Buy Scheme.
