Urban Myth #1 Busted: London Property Bubble’s ‘Real Sources’ of Inflation Revealed!

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2 Comments

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2 responses to “Urban Myth #1 Busted: London Property Bubble’s ‘Real Sources’ of Inflation Revealed!

  1. When will this government actually solve any problems, rather than providing obfuscating statistics to each issue? We need more houses. We need house prices to reflect reality. Helping banks to give more mortgages is not the answer. It just gets you past the next election.

    • Unfortunately, this issue is so politically loaded that no utility-maximising government will address it if it can at all be avoided. The simple and obvious measure of raising interest rates risks turning the so-called ‘squeezed middle’ into a ‘strangled serf’ class – even if that is preferable to long-term economic insignificance.

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