Rising house prices are not good news
What is actually happening is an increased desirability of the site on which the bricks and mortar stand.
We are now perhaps at the first stage of another land value speculation boom and bust cycle, the very thing that was the ultimate cause of the current economic disaster in the first place.
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Hide AdLand speculators and the financial butchers that supported them did the monetary equivalent of selling festering cadavers and putrefying entrails, disguised as fresh meat in a fancy package. The foul effects linger to this day.
If we wish to avoid any further decomposition of the national body, our gutless politicians will have to initiate the collection of land rental values to replace income tax as the basis of public revenue.
RON GREER
Blair Atholl
Perthshire