I was amused to hear that even amidst a story about plummeting property prices and a stagnant housing market, the folks on the lunchtime BBC News show still can’t help referring to “getting on the property ladder”.
How does this ladder work again? Borrow more than you can afford in order to pay for something that will immediately be worth less than you now owe? And that’s if something you can’t actually sell has a value.
Don’t they recognise a snake when they see one?
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