Laurie Macfarlane — It’s Time to Call the Housing Crisis What It Really Is: The Largest Transfer of Wealth in Livin

Summary:
Skyrocketing land rent in the UK. In just two decades the market value of land has quadrupled, increasing recorded wealth by over £4 trillion. The driving force behind rising house prices — and the UK’s growing wealth — has been rapidly escalating land prices. For those who own property, this has provided enormous benefits.... Open DemocracyIt’s Time to Call the Housing Crisis What It Really Is: The Largest Transfer of Wealth in Living Memory Laurie Macfarlane

Topics:
Mike Norman considers the following as important: economic rent, inequality, land rent, UK Economy, wealth distribution

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