Thursday, Dec 07, 2017

UK wealth

Torygraph: The UK is worth £10tn - and more than half of that is from land value

"The UK is worth £10tn - and more than half of that is from land value"... Except unfortunately land value is from planning permission which is potentially free.

Posted by stillthinking @ 12:10 AM (2192 views) Add Comment

4 Comments

1. nickb said...

So the more credit we issue on the back of the same pre-existing asset (land, location) the more the UK is "worth"? And if we sell off all our land we will be rich? And, er, landless? Where to start with this piece of economic illiteracy? This bit is priceless:
>"The ONS noted that land values remain highly dependent on house prices."
That's exactly back to front! Bricks and mortar do not become more valuable as they age, they depreciate like any durable good. It's the location, "land", that increases in exchange value as a result of development or speculation over the surrounding area.

Thursday, December 7, 2017 10:17AM Report Comment
 

2. mombers said...

Calls for a punishing tax on enterprising landowners who have created so much value! So talented that the value of their land goes up in their sleep, to paraphrase John Stuart Mill

Thursday, December 7, 2017 05:28PM Report Comment
 

3. sneaker said...

How many Bitcoin is that?

Friday, December 8, 2017 02:58PM Report Comment
 

4. icarus said...

Today's Bitcoin or tomorrow's?

Saturday, December 9, 2017 10:24AM Report Comment
 

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