So my 8yo asked me how my parents were able to afford such a big house (beautiful 6 bedroom Victorian pile).
I explained that when they bought it, in 1990 it cost £250,000 … and that when we bought *our* modest 3 bedroom 20s semi in 2017 it cost… £250,000. (ish)
And then discussed inflation and fictitious value.
So she says “why can’t we say that houses cost less again” and indeed why can’t we. If we combined some hard regulation of house pricing with debt forgiveness, it could work.
Sam Easterby-Smith /
npub1wg…mvr39
2023-12-30 10:36:21
Author Public Key
npub1wg0048jkea8fjm4wvn5u3qvfspu289gcxfal9zl0az0z5m9le05s9mvr39Published at
2023-12-30 10:36:21Event JSON
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