Interesting - there is a series of lectures (ref to follow) on UK economy - they try to show the biggest component of house prices is land and the biggest contr

Interesting - there is a series of lectures (ref to follow) on UK economy - they try to show the biggest component of house prices is land and the biggest contributor to land is people just bid up using mortgage funds. On the other hand why should leverage be freely available to "the rich". I am tempted to solve it on the demand side - I am willing to bet one major difference in money management is just daily awareness of total spend and wealth. Something like Mint for everyone might actually move the needle (it's kind of where the EU / UK open banking is headed)