by This is what I've been telling everybody, and I've mentioned it here too. Do high house prices make us rich? They make us work hard and lower our standard of living, and when they worth a lot, you can't realise the money easily unless you sell and go and live where no one else wants to. And when most people get old, they don't want to move from an area they have lived for many years. Equity release is a horrible deal: where you work hard all your lives making bankers rich, and then they get your house for peanuts in the end. Win, win, for the financial centre.[embedded content]
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
Robert Vienneau writes Communism Worked In Central New York Around 1500
Lars Pålsson Syll writes In praise of pluralism
Lars Pålsson Syll writes Friskolor — en nationell säkerhetsrisk
John Quiggin writes Grading the Budget, or not
This is what I've been telling everybody, and I've mentioned it here too. Do high house prices make us rich? They make us work hard and lower our standard of living, and when they worth a lot, you can't realise the money easily unless you sell and go and live where no one else wants to. And when most people get old, they don't want to move from an area they have lived for many years. Equity release is a horrible deal: where you work hard all your lives making bankers rich, and then they get your house for peanuts in the end. Win, win, for the financial centre.