Why should prices rise?

HERE WE go again! Those obviously with vested interests in the housing market are talking up house prices once again.

They now tell us that by the end of the year homes will be worth another £40,000.

But wasn’t the ever rising price of homes and the profits to be made from such by everyone concerned, including those wishing to keep up with the Jones’s, the reason for all our problems today?

When wages for mere mortals make it nearly impossible to afford down payments on a home, and private sector lettings are also beyond reach, where are the grounds for such optimism?

And why under the circumstances should the cost of homes spiral upwards while wages remain static.

Could the answer be that those at the top are never satisfied and couldn’t care less about those trailing in their wake in almost every walk of life?

Ernest Lundy,

by email