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To some extent, I think this is what Brexit supporters want. With fewer jobs in London and rest of UK, and more border controls, the attraction of the UK for m
by jhou2 10y ago
To some extent, I think this is what Brexit supporters want. With fewer jobs in London and rest of UK, and more border controls, the attraction of the UK for migrants decreases significantly. The ultra heated real estate market can finally cool down a bit.
- illumin8 10y agoEveryone wants a less heated real estate market - ask California - until they realize that cold real estate markets indicate a lack of jobs and economic hardship.
- gammarator 10y agoLondon (and Vancouver) real estate is being driven by rich overseas buyers, though--it's disconnected from the strength of the local economy, except insofar as those places are believed to represent a safe store of value. How can a regional economy be stable if the median worker can't afford housing?
- henrikschroder 10y agoYeah, look at Detroit, that's a great example of what a cooled down economy and real estate market looks like...