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That is the possibility i worry about yes. Where i live, Norway, there used to be a price control on housing. But then it was abolished by a right wing governm
by digi_owl 10y ago
That is the possibility i worry about yes.
Where i live, Norway, there used to be a price control on housing. But then it was abolished by a right wing government, allowing banks to lend to individuals wanting to buy.
What in effect has happened is that household debt and house prices have risen in lock step ever since.
Similarly, after the unions negotiate a wage rise the prices on good and services will invariably rise to match with a bit of time lag.
Damn it, we can perhaps look at how things work for students that get a fixed government stipend. It has to be constantly adjusted upwards to stay relevant with the price inflation.
- senko 10y ago> there used to be a price control on housing. But then it was abolished by a right wing government Was there a relaxation of the rules for building new housing? If not, prices for a limited supply naturally went up.