Tuesday, September 4, 2012

What goes for London goes for Manchester goes for Sofia…

Sofia's new metro system keeps Bulgarian capital house prices up

"[House] Prices in Sofia have been declining in recent months, with values 2.5 per cent lower than last year in July August, but the areas around the new metro line have remained stable - and, in some places, actually increased." The Home-Owner-Ists refer to this as "location location location", I refer to it as "Ricardo's Law of Rent", it's more or less exactly the same thing, it's only the conclusions we draw are diametrically opposite.

Posted by mark wadsworth @ 01:18 PM (836 views)
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One thought on “What goes for London goes for Manchester goes for Sofia…

  • Any attempt to sound like a scientist Marx. Even though you known nothing. This is obviously to do with supply and demand, which is due to location, and the quality of location is affected by transport. Your Marxist objection to land as an asset class seeks justification and you will lie to justify your class hatred. You say home-ownerist, I say, normal people wanting a home. You use your inflammatory language, typical of socialist radicals to justify re-distribution of wealth via taxation on land. I say, this destroys the economy.

    Your nonsense musings about Ricky from Eastenders and his junk so called economic theories bought from the market, talked about in the local pub, are just plain wierdo.

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