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Does anyone understand houses? Why are higher house prices celebrated, when every other increase in the cost of living is criticised?
Monday, 19-Aug-13 09:25:35 UTC from web-
@rotation high house prices mean that people have enough money to get loans on those houses, which generally means an increase in income.
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@rotation The people who write the "High house prices are good" narratives are all people who've got multiple homes in buy-to-let schemes, and are thus, making a goddamn fortune from it.
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@rarity Hmm, that might work, but people here have seen house prices treble in the past 10 years while their incomes have remained mostly static. Yet this is seen as a good thing.
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@rotation My suggestion is probably terribly basic and possibly wrong, I have no expertise in the housing market
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@ceruleanspark Sadly, this seems to be the case. Don't understand why more people don't question these things.
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@rarity Why would you be sorry? It's not your fault I live in such a backward country.
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