Thursday, 13 January 2011
Only fools and horses work
Imagine that for a moment. You buy a house in 2000, sit back and watch it add £15,000 a year to your wealth. Why would you ever want to work when you can own a house that will take care of the messy business of securing an income stream?
Personally, I can't give you a good answer to that question. The best I can do is suggest that for the country as a whole something is a amiss.
I have this naive idea that a country's greatness can only be built on hard work and industry. It is a foolish and outdated idea. In fact, it was probably unfashionable long before I was even born.
When this idea of diligence and honest effort is contrasted with the Peterborough housing market, there is no contest. Speculation wins out by a mile.
As Del boy might say, hard work is only for fools and horses.