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There's some pretty poor economists out there, and don't underestimate ethe ability of journalists to find someone conforming to their biases. I think giving t
by Panzer04 1y ago
There's some pretty poor economists out there, and don't underestimate ethe ability of journalists to find someone conforming to their biases.
I think giving the government an interest in keeping house prices high is an awful idea and we should get over this obsession with homeownership.
- shoo 1y agoproblem is, politically it is feasible for government to support policy that superficially appears to help home buyers, but also props up housing prices. like all these "give the first home buyers more money / access to loans / reduced stamp duty" policies a government with an actual serious policy to increase housing supply, which should cause housing prices to fall, might have a lot of trouble getting elected or staying elected (only 1/3 of australian households rent, but that'll increase over time due to wealth inequality)
- rob_c 1y agoProblem in the UK is the economy is held up by the housing market, foreign students and pandering to the boomers who hold most of the liquid assets. Maybe the fourth leg on the stool is the London economy but that's more generational and systematic wealth than consumer or liquid assets.