For crying out loud, how many times do I have to say... not all homeowners benefit from rises in prices! If you have any interest in staying in the area next time you move, then these rises are a bad thing. The only people who gain are those who are just investing in housing in the area to make money. Either that, or you assume that everyone gets a kick from gloating about how much equity they have in their home. It's bullsh!t. I also find it strange that you take so much joy from the prospect of smaller businesses being muscled out, which have been in the area for ages (not that I extend too much sympathy for estate agents). And as for people not moving for the sake of an agents fee - typically 1%, which is small fry compared to stamp duty - you are totally deluded. Sorry to sound personal, but that post has really annoyed me! I'm no raving lefty, but housing is a basic necessity - why do people have such a selfish attitude, when others are struggling to afford a place to live?!