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it could be doing more damage because high house prices destroy local economy. When willvl the West finally learns the lesson that unaffordable realestate is u
by ClumsyPilot 4y ago
it could be doing more damage because high house prices destroy local economy.
When willvl the West finally learns the lesson that unaffordable realestate is uneconomic suicide just like unaffordable food would be
- TheOtherHobbes 4y agoThey don't just destroy the local economy. They also destroy trust in politics - always fragile at best - and hugely increase the odds of a racist/fascist government. We've already seen this in the UK, where a drum beat of race hate aimed at immigrants and refugees has been used to misdirect the population away from neoliberal austerity and "low tax, small government" (big profit) policies. Which - not coincidentally - include a huge amount of literal rent seeking and property profiteering.
- VieEnCode 4y ago100%