You are looking at this from a fixed point in time. Places like Detroit had a problem because they pumped land prices then let them collapse. The answer is not

You are looking at this from a fixed point in time. Places like Detroit had a problem because they pumped land prices then let them collapse. The answer is not to pump land prices by stopping the banks ramping them. The UK is not doing well. If you look at flawed indicators like GDP, 10% of which is made up of imputed rent, then yes you will be fooled. "Facts" can be distorted, in particular GDP. The parts of the UK that are affordable are not affordable as the wages there are far lower. The loan to value in many places is bad and only tenable due to ultra-low rates which the UK is now boxed into. Really I disagree with every single line.