Friday 14 September 2007

"Cash for councils building homes"

And, following on from my previous post, if house prices had stayed at 1995 levels (relative to income), we wouldn't need so many council houses (or have to listen to politicians bleating on about 'affordable housing'), on which the government is going to waste another half a billion of our English pounds*.

Well done Goblin King! Get in there at the top of the f***ing market!! Buy up residential land for millions of pounds an acre, and watch its value plummet again!!

Or is this just your overall investment stategy, sell low, buy high?

*Which, like most Nulab policies, is based on hope not experience, evidence shows that once a house-price boom is underway, even a massive expansion on construction won't stop it; it just makes the ensuing crash even worse.

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