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kymbos says...

Hard to argue with him. Having said that, not every country is as obsessed with owning property as Britain (and Australia). People rent the same property for decades in Germany, I believe.

From where I sit, property ownership = debt = uncertainty = limited capital gains these days. Breaking the property fetish may not in itself be a bad thing for a generation.

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kymbos says...

Amazing. Every time you think you've heard the whole story, you find there's another layer.

The contrast between the Government response to financial crisis and terrorism is telling. We'll be back here in ten years.

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