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RE: Is UK Property Wealth Over-Valued?
Does it matter if tyranny is dwarfing free markets excessively, that is if wealth is not determined enough through supply and demand of decentralized competition that isn't too captured by monopolies, regulations, governments, etc. Good to talk about. Upvoted. Resteemed.
Fair point,
I think if people had more freedom to just build their own houses (/shacks) property prices would just plummet, but here in the UK you just cannot do that without planning and regs adding on at least £100K to the starting price of doing so.
Otherwise I could build land and a basic starter home/ shack for about £20K, in a few months. Anyone could.
I've heard that here in America, for decades, it would generally take too many years to obtain building permits. So, a lot of like red tape, regulations, for building buildings, houses, roads, etc. So, it sounds like things have been even worse in England. The good news in the USA is that some of the regulations have been reduced, ended. It's an ongoing battle between tyranny and freedom lover anarchists.