Madam, – I can’t believe we are putting forward plans to bail out struggling home owners. It seems this Government is obsessed with propping up the collapsing housing market (“Struggling homeowners to get help, says Minister”, Home News, February 1st).
When will we have the sense to allow the housing market to find its correct value – similar to what’s happening in the US. Unfortunately the only way this will happen is to allow people to lose their homes. Only when this bubble is fully deflated will young people be in a position to get back into the housing market.
I would beg politicians to let the market take its course and keep their noses out of it, otherwise this bubble will take years to get over. – Yours, etc,