I think they’re just insane generally. Almost everywhere in the U.K., housing is much more expensive than the cost of building it.
This is really beginning to concern me. I think we’ve created a fake plastic economy built on face plastic house prices. By stoking the bubble, the purchase and renovation of housing keeps pushing money through the economy.
By constantly remortgaging, new value is “created” which allows people to have a new kitchen, go on holiday, buy a car, extend their house. But it feels like a trick to me. I’m not an economist, but where’s the wealth creation here?
As a result of the forever rising prices, foreign investors buy properties, often leaving them empty. They see the game the government is playing and exploit it.
Feels like the U.K. government doesn’t have a Plan B. They don’t know how to create a strong economy so they turn to retail and the housing market. Surely the wheels have to fall off at some point?
This is really beginning to concern me. I think we’ve created a fake plastic economy built on face plastic house prices. By stoking the bubble, the purchase and renovation of housing keeps pushing money through the economy.
By constantly remortgaging, new value is “created” which allows people to have a new kitchen, go on holiday, buy a car, extend their house. But it feels like a trick to me. I’m not an economist, but where’s the wealth creation here?
As a result of the forever rising prices, foreign investors buy properties, often leaving them empty. They see the game the government is playing and exploit it.
Feels like the U.K. government doesn’t have a Plan B. They don’t know how to create a strong economy so they turn to retail and the housing market. Surely the wheels have to fall off at some point?