Thursday, January 02, 2014

Mind That Gap

At a time when many workers are concerned about losing their homes nothing illustrates the gap between them and the owning class than the housing market. 'The Bishops Avenue in Hampstead, or"Billionaire's Row" as it is commonly known, has been named by Lloyd's Bank as the second most expensive street in England and Wales - the average house price of £6.2 million still, incredibly, putting it below Egerton Crescent in Kensington and Chelsea, where houses sell for an average of £7.4 million.' (Times, 31 December) Not much concern here about the "bedroom tax" or difficulties in meeting the mortgage payments. RD

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