Wednesday, July 2, 2014
Why are so obsessed about the price of houses?
Another radio show on house prices. Various callers. Very London centric, as expected. As usual, even though the fundamental plank of high house prices of the restricted supply was identified, the main reasons for high prices in London were missed. e.g. massive skew of jobs and capex projects in London [versus say, Grimsby], lapse tax laws on foreign investment [people, trusts, companies, convoluted off shore structures etc].