As a "baby boomer" who bought his first house in 1971, it has been obvious to me throughout this period that rising property prices have not, on the whole, done property-owners any real favours, however pleasant the resultant "feelgood" factor. I take issue with Mary Ann Sieghart's statement, however, that the housing boom has redistributed wealth to the middle-aged and old from the young ("House prices are finally falling. Good", 16 August). From my observation, except among the unskilled...
Full Story: The Independent
