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Britain Has 1% Of The Global Population But Spends X% On Housing

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Since Osbourne made this claim, I was wondering how ridiculous this graph would look if we exchanged welfare for say housing. What would this graph look like?

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whatever the figure, its good to be rising....according to Gidiot.

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Difficult - not least because the cost of high land and property prices comes in many forms not just mortgages and rents....high wages, high prices in shops, high taxes, loss of jobs, growth of leeching financial services sector etc etc etc

yes but we can assume that this spill-over into other parts of the economy is the roughly the same in all countries. I guess total spend on rent and mortgage payments would be a good start (but my rent also pays LL's mortgage so somehow we have to avoid that double-accounting).

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