Saturday, October 29, 2005
TOO MUCH PROPERTY IS THEFT
Private landlords are getting fat from the misery of others who can't afford to buy a home, while draining away the little money their tenants have worked for. I suggest the law in the EU be changed to restrict each household to one mortgage. It is quite enough. (The definition of "household" would have to be carefully worked out to prevent fat cats buying property in other people's names.) Households with excessive properties would be required to put these on the market by the end of the financial year, and eventually this would be extended to include any household with more than one. I think this would bring about a generaly beneficial readjustment in the property market.
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