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What works in theory doesn't work on reality. That's why I called it the ultimate illusion. With such a global demand for houses here is not feasible to increas
by galfarragem 4y ago
What works in theory doesn't work on reality. That's why I called it the ultimate illusion. With such a global demand for houses here is not feasible to increase the house supply fast enough to drop prices in a way that locals can afford them. You're just feeding the beast: globalization. The only way to tackle it is on the demand side.
Globalization is inevitable. What I don't buy is the rate of change, it _must_ be smooth or the system may implode. Blind and raw globalization is just a way to feed the nationalisms that most people are afraid of.