Powers-that-be must cap price of properties

THE ongoing efforts by the coalition Government to bring back some form of stability to the country’s dire financial situation are, once again, being thwarted when we read that young people cannot get on the first rung of the property ladder and are resorting to what is becoming a boom in the property market.

As young people, due to their financial circumstances, are having to face hardship before they even leave the education system, will the boom in housing rental lead, once more, into a supply and demand situation and rents, through greed, will go sky-high as the price of housing did 10 years ago?

When will the powers-that-be do what should have been done years ago and put a cap in the prices of buying and renting properties, and enforce it on the greedy builders and landlords? Supply and demand has always been bait for the sharks. Young people are hard pressed enough to find jobs let alone the money to buy or rent the exorbitantly priced properties. As the country is supposedly reliant on young people for our future, please give them a chance in life without stress. It’s enough that the price of food goes up almost weekly, and for the life of me I fail to see why, other than greed.

Shall we be seeing even more millionaires made to add to the already over a million people now in this category?

Isn’t avarice one of the seven deadly sins?