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> It won't cost any politicians anything when the bits and pieces of the UK tech sector go down the pipes, because their fortunes rest entirely on house prices,
by im3w1l 4y ago
> It won't cost any politicians anything when the bits and pieces of the UK tech sector go down the pipes, because their fortunes rest entirely on house prices,
People want to live (and buy housing) where there are good jobs.
- f1shy 4y ago> People want to live (and buy housing) where there are good jobs. That sentence is fundamental.
- pasabagi 4y agoIf demand is what is driving prices, sure. Except the government has shown time and time again there are mechanisms (e.g reducing stamp duty) that can prop up prices while demand is weak. If you look at the last few years of housing policy, you see a picture of increasingly dramatic measures to artificially inflate house prices, independent of the actual value of the houses to the people who live in them.