Thursday, Feb 04, 2010
Why won’t the govt act to curb rising house prices?
Citywire: Why won’t the govt act to curb rising house prices?
An excellent, objective and insightful article. Credit to Mr Bonsignore, he is bringing true
journalism back.
Posted by doomwatch @ 11:30 AM (1486 views) Add Comment
18 Comments
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1. Alfredo said...
Why won’t the govt act to curb rising house prices?
Because the Gov want to win another election and they want to look after thir investments.
Will probably change after the election, ask Sir Issac Newton
2. mark wadsworth said...
I tell you why.
*irony*
Becaus any action to curb rising prices is A Socialist Attack On The Middle Class's Aspirations to save and build and invest for themselves and their families and to take responsibility for themselves rather than relying on the consumer credit fuelled culture that has tipped this country into a recession or relying on welfare payments (continued page 94).
*/irony*
3. mr g said...
"It is remarkable, indeed, that a Labour government has not only let this happen over the past decade, but is positively encouraging it to happen again."
Well what would you expect from a party dominated by lawyers, luvvies and other Islington types?
Keir Hardie must be turning in his grave!
4. Neil B said...
"What is the short and long term impact on the broader economy and society more generally?"
Answer:
None of the following in cities and towns where it is now impossible to afford to live:
Nurses
Teachers
Dentists
Road Sweepers
Litter Collectors
Engineers
Police
Carers
Contruction workers
Shop Keepers
Traffic Wardens
Nannies
Cleaners
....and think you get the idea
5. Goldbug9999 said...
Predatory majority in action - The ever increasing VI majority (home owners, BLTland lords and anyone else in big debt) will keep enforcing policies that transfer wealth from us to them. It will continue until the tipping point is reached where we are too few and too poor to support them.
6. mick rupert said...
Mr Bonsignore ought to watch himself.
Wonder if he likes country walks?
Don't think our intelligence agencies like it when someone speaks out of turn. And by "out of turn" I do, of course, refer to SPEAKING THE TRUTH.
Lest we encounter another tragical Dr Kelly event, heaven forebid...
7. dill said...
MW @2
Must admit - page 94 is starting to make me curious. Do I need a magnifying glass to read it ;-)
8. Crunchy said...
It all went wrong for Labour on May 1994. http://www.youtube.com/watch?v=jz8_zU-gviU
RIP John Smith.
9. mark wadsworth said...
It's from the Home-Owner-Ist Manifesto, which is slogans, with my translations in between, i.e.
"Protecting the countryside for future generations" = "Deliberately restricting supply to keep prices up to enslave future generations with debt"
"We have to encourage savers by gving them tax breaks" = "Mug depositors will then accept lower interest rates, so banks will have more money to lend to other mugs to keep the bubble inflated"
"When we young, the mother stayed at home ot look after the childed, but in today's consumer society, women would rather go to work than have children" = ""When we we were, you could afford a house on one salary, nowadays, both spouses have to work just to be able to afford a flat"
10. titaniccaptain said...
@Wadsworth
"Deliberately restricting supply to keep prices up to enslave future generations with debt".................Somewhere inside that mathematical wizard sleep 3 conspiracy theorists :-)
11. braindeed said...
No Government can fly against this wind......I've stated before, that we can't blame Blair, Broon or even Thatcher and Major....the majority of British people LIKE rising prices. OK, it's different in here for a lot of people, and for a variety of reasons within that subset, but it is very real wealth that families are accumulating.....Broon as chancellor and premier was a prisoner of hostage to these rising prices.
Britain voted for them all, and Cameron will be the same prisoner. (are you listening H pee watcher?)
Dumb, I know
12. mark wadsworth said...
@ TC, it's not a conspiracy, that would imply it's done secretly. Home-Owner-Ism is there in the open for all to see. It is now very deeply engrained (as braindeed explains), if anything we are moving further and further away from the Georgist ideal.
@ Braindeed, It's not real wealth though - it's just the flipside of somebody else's debt burden. If we built twice as many factories, power stations, houses, railways, factories, shopping centres, then yes, that would add to our real total wealth. Merely having the same sad old houses double in price does not add one penny to our total real wealth, and probably reduces it, in the final analysis.
13. braindeed said...
12. mark wadsworth said...
The same sad old houses double in price does not add one penny to our total real wealth, and probably reduces it, in the final analysis.
.....we're not talking about any one else - the family with the paid for house which doubles in pricem get twice the dosh when mummy pops.....simple.
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