Is UK Property Wealth Over-Valued?
View this post on Hive: Is UK Property Wealth Over-Valued?
I've moved to Hive, along with most other people, following Justin Sun's takeover of Steem in the Spring of 2020. I believe hive is a lot more decentralised than Steem!
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.
Interesting programme about debt over the milleniums on radio 4, seems that material money has only been around from time to time, notably during classical times and during the last 500 years coinciding with capitalism, both times associated with extensive warfare. At other times, it was virtual money managed through credit arrangements, quite sophisticated and operated outside governments right across eurasia. Very damning about interest rates and the damage they create.
Good old Radio 4! I'll have to check that out, cheers.
This is another effect of the everything bubble that has been created from the leverage in the system supported by the Central Banks to avoid deflation (which is actually worst than inflation). The concern is how sustainable it will be over time as tools become less effective and economic activity is led by a small numbers of participants.
Posted using Partiko iOS
Very fair point, the only question is whether the bubble deflates gradually or bursts suddenly. Normally it's the later, which typically benefits that small number of already rich who take it as an opportunity to snaffle up assets that the poor are forced to sell off.
Kind of sounds like crypto.
Interesting analysis. The bubble is going to burst at some point...
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It has to, there's simply not enough demand at current prices to keep it inflated!
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