Mark Wadsworth writes:
More widely publicised is the fact that the average house price has fallen by about £30,000 since late 2007. As heartbreaking as that may be for the one million borrowers in negative equity, does it not gladden your heart that for every £1 you have lost, the average MP has lost £3 or £4?
There is a downside however:
So, next time the government announces some grand plan to ‘boost mortgage lending’ or ‘kickstart the housing market’, just ask yourself: for whose benefit are they doing this, and with whose money?