4 ms·
land is a fixed resource, and new property is pretty predicable when you factor in planning law. speculation in property and asset price inflation in this asse
by gghhzzgghhzz 5y ago
land is a fixed resource, and new property is pretty predicable when you factor in planning law.
speculation in property and asset price inflation in this asset class has pretty much universally been a disaster for any change of a coherent, developing and fair society.
It's contributed massively to generational inequality, which has intern massively effected our politics. It's contributed to falling birth rates. It's facilitated organised crime both domestically and caused instability internationally . Plus every 20 years of so it completely crashes the whole economy.