Disappointingly, the FT today discusses the #housing market in terms of a possible 'recovery' from a 'difficult' year & half... with the benchmark of economic health being rising house prices.
No no NO: the #housingcrisis is at least in part reinforced by the increase over the last 50 years in the average house prices from three times average earnings to nearly ten times!
Anywhere else (except in the stock market) this would be seen as unwelcome (dangerous) #inflation....
a dangerous myopia!
Emeritus Prof Christopher May /
npub1hr…f2ktj
2024-02-16 06:44:30
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npub1hr0x0gm9ksmvuvqwkyzfjuczv9pln83axuftxfhnq2maday69ypqtf2ktjPublished at
2024-02-16 06:44:30Event JSON
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