Wednesday, January 5, 2011

Home ownership should no longer be seen as a long-term financial investment

Home ownership should no longer be seen as a long-term financial investment, according to Housing Minister Grant Shapps.


Schapps: 'I think the answer is house-price stability'

Calling for a new era of stability, he said it was "horrendous" that house price growth had so outstripped earnings since the 1990s.
In an interview with The Observer, he suggested the Government could help to limit further price rises by encouraging the building of more homes

full story: http://news.sky.com/skynews/Home/Politics/Housing-Minister-Grant-Shapps-Says-Home-Ownership-Should-Not-Be-A-Long-Term-Investment/Article/201101115877964?lpos=Politics_Second_Buisness_Article_Teaser_Region____2&lid=ARTICLE_15877964_Housing_Minister_Grant_Shapps_Says_Home_Ownership_Should_Not_Be_A_Long-Term_Investment