Sir, – I see the price of a national postage stamp is set to rise by nearly 40 per cent to €1, which means it will have almost trebled since 2003.
Had property prices inflated at the same rate during those 14 years, then a cramped one-bedroom apartment in Booterstown would now set you back about €2 million.
Fortunately, every property boom is followed by a crash as the market automatically “corrects”. Sadly, the same can’t be said of postage stamp booms. – Yours, etc,
RONAN SCANLAN
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Leopardstown,
Dublin 18.