Friday , March 29 2024
Home / Prime, Policy Research in Macroeconomics / Why building more homes will not solve Britain’s housing crisis

Why building more homes will not solve Britain’s housing crisis

Summary:
In an article for the Guardian, published on Saturday, 27 January, 2018, PRIME's director drew a parallel between the Bitcoin bubble and the inflated London property market. She argued that "vast sums of money have been poured into finite supplies of bitcoins and London property. Both have consequently exploded in value, albeit over different time periods. And so both have become financialised assets that deliver capital gains far in excess of people’s ability to earn income from work, or from investment in the real economy. And as with bitcoin, so with London property: speculators are convinced that prices will continue to rise for ever."The full article can be found on the Guardian's website by following this link.

Topics:
Ann Pettifor considers the following as important:

This could be interesting, too:

Mike Norman writes Rinse and repeat–Truss chaos–the new benchmark — Bill Mitchell

Lars Pålsson Syll writes The man who never wavered — Alan Bates

Joel Eissenberg writes You can’t fool Mother Nature

Bill Haskell writes Grades and learning

In an article for the Guardian, published on Saturday, 27 January, 2018, PRIME's director drew a parallel between the Bitcoin bubble and the inflated London property market. She argued that "vast sums of money have been poured into finite supplies of bitcoins and London property. Both have consequently exploded in value, albeit over different time periods. And so both have become financialised assets that deliver capital gains far in excess of people’s ability to earn income from work, or from investment in the real economy. And as with bitcoin, so with London property: speculators are convinced that prices will continue to rise for ever."

The full article can be found on the Guardian's website by following this link. 

Ann Pettifor
I’m Ann Pettifor, author and analyst of the global financial system, and co-author of The Green New Deal (2008). I predicted an Anglo-American debt-deflationary crisis back in 2003, and in September, 2006 published The Coming First World Debt Crisis (Palgrave). I am known for my work on the sovereign debts of low income countries and for leading an international movement for the cancellation of debts, Jubilee 2000.

Leave a Reply

Your email address will not be published. Required fields are marked *