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Negative equity is a damn sight better than unaffordable housing.
by mrec 11y ago
Negative equity is a damn sight better than unaffordable housing.
- TheOtherHobbes 11y agoIf you live in the UK you get savings deflation and unaffordable housing. It's a win win! The greatest trick the anti-Keynesians ever pulled was selling governments on the nonsensical belief that sado-monetarism is ever good for anyone who isn't already extremely rich.
- moomin 11y agoSadly, the two appear to be BFFs.