Known for bending the truth? Check. Slick, but not very sincere? Check. Everyone hates them? Check. The list of similarities between estate agents and politicians is already surprisingly long. But now there is another.
They are both a largely parasitic class living off a percentage of property sales and with a big stake in keeping the market artificially frothy.
Government finances are becoming increasingly dependent on stamp duty. What used to be a relatively insignificant tax has become a major revenue source for the state, with higher rates and more and more transactions being pushed into the top brackets. That [...]
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