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The UK is soon to be a majority-renter country, which will hopefully flip the democratic incentive. Although I guess the end result of that might be permanently
by lmm 3y ago
The UK is soon to be a majority-renter country, which will hopefully flip the democratic incentive. Although I guess the end result of that might be permanently oscillating in a narrow band around a 50% homeownership rate.
- cassianoleal 3y ago> The UK is soon to be a majority-renter country This just means assets are getting more concentrated, effectively increasing inequality. Increased inequality usually means the ones with capital become a greater force in the market, not a weaker one.