Of course our current credit difficulties are down to house ownership and the greed of trying to sell our HOMES for a profit!

No control of ability to repay the mortagage based on a multiple of salary/wages [law needs to be in place on this and tightened up]

No controlling body for Estate agents and banks who are simply driven by profit motivation [needs tightened law]

The need for Local Authorities to release capital from Council Houses and rebuild rental property [sold off by M Thatcher]

Builders are crying off as they are not making ENOUGH profit, it makes me wonder if there has been some collusion to increase the property base values to make new housing more expensive and thus let new houses be more expensive [perish the thought]

Shares and the Stock Exchange fluctuations cannot be ridden out by personal investors and it is to my mind and conviction that Shares directly held are no good to to individuals

The Stock market drops in 2000 saw a quarter drop in funds held including Personal Manaaged Funds, no small wonder then that retirement cash was redirected to housing thus once again fuelling house price increases

Final salary pension schemes in danger of going bust and companies opting out were fortunate in Gordon bringing in "The Safety Net" as not to coould have cost very many millions to the government ~ where however is the safety net for those on personal money purchase arrangements

No wonder retirement funds are at their lowest as they cannot be trusted where linked to the Stock Exchange

Ray