Why do people think they high prices benefit them? They must me stupid, because even through their property may have gained in value, most people are still climbing up the housing ladder, and so will get clobbered with a massive mortgage at some stage, then life will become all work. Surely, it's better to get everything as cheep as posible, and then have more spending money while doing less hours at work? That's what I always wanted, anyway.
So, they work their way up the housing ladder getting worked to death on the way, while the paper value of their property is ever increasing, but they can't ever realise the money, it's fictional. Yes, they could one day downsize and live in a flat, but flats tend to be horrible to live in as the soundproofing is often bad, while the rooms are small, and your chances of inconsiderate neighbors greatly increases. I know, because I lived in a flat for many years, and it's outstanding how inconsiderate and selfish some people can be.
Anyway, I feel we should be thinking of reducing the population growth. Politicians, and most people, don't understand the exponential growth function, which means that there will always be a demand for more and more land.
But it's a nice video!
Very high house prices aren’t an act of God or a fact of nature. They’re the result of all sorts of policy and design mistakes – which we should try to understand and correct.
10 comments:
The video says that one reason why UK housing prices are skyrocketing is that homeowners like having the price of their houses appreciate, being too stupid to see that this is no benefit to them.
Another reason is that people don’t want to see ugly housing developments. Therefore UK housing construction is not keeping pace with UK population growth.
I blame the banks, who lend as much money as possible on a house, in order to boost the banks’ profits. This scam would continue with or without plentiful housing. It would continue whether architecture was ugly or beautiful.
“I feel we should be thinking of reducing the population growth.” ~ Kaivey
This will be taken care of by the coming global wars, global famine, and global pollution, all of which are inevitable.
Naturalist David Attenborough has much to say on this. If we don’t reduce our population, then our population will be reduced for us, and it won’t be pleasant.
Just imagine if they were really, really beautiful, now that would be grand, so, it's part of the solution.
kv
Stealing from the poor to give to the rich is UGLY!
So if you support government privileges for the banks, KV, then you are supporting UGLY in all its forms whether you know it or not.
Why? Because JUSTICE is beautiful. So is MERCY but let's not work MERCY to death because of lack of basic JUSTICE.
I would never support privileges for the banks, Andrew. That's why like the idea of public banking.
But you already have:
Richard Werner says having public banks would be a mistake when small private, often non profit, banks serve their communities well. That sounds okay to me. KV
I like the idea of small private banks too, Andrew. Did you watch the Bank of Dave video I put out? That was good!
That's why like the idea of public banking. KV
Public checking/debit accounts are ESSENTIAL since citizens have an inherent right to use their Nation's fiat.
But public lending or lending from government privileged banks is bound to violate equal protection under the law.
If citizens need fiat then just GIVE IT TO THEM via grants!
Did you watch the Bank of Dave video I put out? That was good kv
Were the deposits in Dave's bank insured by government? Then Dave's bank wasn't 100% private.
Did Dave's depositors have the option of accounts at the Central Bank itself?
Then Dave's depositors were not 100% voluntary.
No, his bank wasn't ensured by the government. Dave put the fortune he had made in selling mini buses up as collateral for the private insurance which he had to get by law to open his savings and loans bank. And he is not allowed to do fractional reserve banking either.
The big banks tried everything they could to put him out of business. They thought they had him over the insurance, but he got lots of advice and got around it. A Conservative MP who works for Positive Money really helped him out.
Good for Dave. And if we had justice wrt to fiat and credit creation then many more of us, at least collectively, could afford to be Dave.
I.e. there is no substitute for justice.
And there would be less need for Daves in the first place if we had justice.
I.e. Why can't most citizens buy their homes with equity and not debt?
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