UK Property Prices Drop Even Further

Fine piece, by Mary Ann Sieghart in today’s Independent on baby-boomer selfishness but somewhat over harsh towards the middle aged and elderly by criticizing them for seeing property as a future pension. Of course, they did. The state pension in the UK is an insult and Brown & Co. made an outrageous raid on pension funds that reduced significantly the value of private pensions. Where else were they meant to turn but to property, if they wanted to stay out of penury in their old age?