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So you don't think it has anything to do with easy access to credit and loans?
by chuable 13y ago
So you don't think it has anything to do with easy access to credit and loans?
- TruthElixirX 13y agoOr building codes restricting things to an arbitrary height, or the fact that the aristocracy still owns the majority of the land in the U.K[0]. [0]http://www.independent.co.uk/voices/commentators/johann-hari/britains-land-is-still-owned-by-an-aristocratic-elite--but-it-doesnt-have-to-be-this-way-483131.html http://www.independent.co.uk/voices/commentators/johann-hari...
- jkldotio 13y agoIt's probably best not to cite Johann Hari* given there are probably other sources able to establish the same point. *https://en.wikipedia.org/wiki/Johann_Hari#Journalistic_controversy https://en.wikipedia.org/wiki/Johann_Hari#Journalistic_contr...
- busterarm 13y agoThese people had easier access to loans anyway because of their ability to pay. All the subsidy does is make it a no-brainer when it comes to where to invest their money. People put their money into whatever gives them the best ROI and for the last decade or so that's been real estate. All it does though is drive prices up and the middle class out.