Just come back from summer hols

Dear Readers, I have just come back from summer hols to find quite a bit of the nice parts of
England affected by floods. It did not look like we were very well-prepared and I read that
Hull is still suffering in the aftermath. Gordon B. has made the money promises he used to
squash when they were made by his big mate TonyB.
http://www.searchaccountant.co.uk/
Alistair Darling's big idea (which has been recycled a few times) is 30 year mortgages, which
even in States don't actually last 30 years, because they are rescheduled. One idea for a more
stable market in UK residential property was higher stamp duty, which was suppose to
have cooled prices. Nice one Gordon Brown, who has now suggested concreting over the
South East, so that there is more supply. However, demand is distorted what with buy-to-let,
people accumulating 20 properties and with foreign buying. If Madonna buys up half a street
for her kids and servants, then there are less swanky houses for the rest of us.
To be fair it is not just the UK, which has outrageous property prices. Capital cities throughout
Europe have seen sharp rises, while some parts of the US, such as New York have also
experienced major appreciation. In the US there can be some really nifty tax breaks for
buying residential property.