Thursday, September 15, 2011

High house prices kill (meaningful development)

High house prices kill

The global effect in microcosm

Posted by welshy @ 12:07 AM (956 views)
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2 thoughts on “High house prices kill (meaningful development)

  • Interesting… and just as high house prices damaged the American economy, so they did here – and are continuing to. Is there anything good to say about high house prices? I suspect not.

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  • Thanks for posting Welshy.

    Years ago, I remember this blog occasionally addressed the question of alternative investment choices for the debt/money that was sunk into property. The case for Mark Wadsworth’s proposed tax reforms seems to become stronger and stronger but we spend more time talking about speculation because that seems to be more realistic than a major tax reform.

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