Saturday 26 January 2008

Property prices

I had indeed some misgivings as to the prudence of exchanging investments in the funds, productive of a fixed income without care or risk, for property not equally remunerative, & which might become less so (as in the event it did) & might also entail upon me many expenses, some necessary, some optional yet hardly to be avoided by a residential owner with duties to be performed & tastes to gratify.

But my solicitor thought (as most people then did) that of all forms of property land was the most secure & the most certain to maintain its value

Roundell Palmer: Memorials

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