Tuesday, October 12, 2010
Land shortage propaganda….
Land shortage: The availability of land is a key factor in changes to house prices, separate work by researchers at the London School of Economics has found. "The research illustrates how constraints on the supply of land can have major implications for household welfare through their effect on house prices and individual home ownership," said Dr Alex Michaelides, who led the research. The report suggested that relaxing borrowing restraints added to ownership levels, but had little impact on house prices. Meanwhile 60 million people were distracted by sparkly, shiny things on the TV