Our government has turned into a massive estate agent

The government has come to view the housing market as a major source of income. But that's not helping anyone, says Matthew Lynn.

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.

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Matthew Lynn

Matthew Lynn is a columnist for Bloomberg, and writes weekly commentary syndicated in papers such as the Daily Telegraph, Die Welt, the Sydney Morning Herald, the South China Morning Post and the Miami Herald. He is also an associate editor of Spectator Business, and a regular contributor to The Spectator. Before that, he worked for the business section of the Sunday Times for ten years. 

He has written books on finance and financial topics, including Bust: Greece, The Euro and The Sovereign Debt Crisis and The Long Depression: The Slump of 2008 to 2031. Matthew is also the author of the Death Force series of military thrillers and the founder of Lume Books, an independent publisher.