And when private banks provide near-unlimited debt the total cost of the average mortgage will consume all income after paying for food/heating/fuel.
And if we get more productive disposable income will go up and that will feed into land prices.
All the rentier need do is wait.
edit: would love to hear the counter to this from whomever downvoted me - it's a fact that with our system productivity improvements flow into land prices therefore speculating on land sees you capture these gains.
And if we get more productive disposable income will go up and that will feed into land prices.
All the rentier need do is wait.
edit: would love to hear the counter to this from whomever downvoted me - it's a fact that with our system productivity improvements flow into land prices therefore speculating on land sees you capture these gains.