On 27/03/2021 20:00, Joe wrote:
> On Sat, 27 Mar 2021 19:05:03 +0000
> The Natural Philosopher  wrote:
>
>> On 27/03/2021 18:40, TimS wrote:
>>> On 27 Mar 2021 at 17:29:53 GMT, Charlie Gibbs
>>>  wrote:
>>>
>>>> On 2021-03-27, The Natural Philosopher  wrote:
>>>>
>>>>>    Its rather a study of mine, actually. My tentative observation
>>>>> is that those who advocate the purest form of Marxism are in fact
>>>>> simply showing a romantic fondness for the lifestyle of the
>>>>> hunter gatherer. Before farming, before herding even, a
>>>>> population of at best a few million lived 'in harmony with
>>>>> nature' lacking even the idea of 'private property' let alone the
>>>>> hierarchies and the discipline that are necessary for large
>>>>> numbers of people to act in unison.
>>>>
>>>> This makes it particularly ironic that many societies that
>>>> are appalled by Karl Marx's philosophy are adopting one of
>>>> his fundamental tenets: the elimination of private property.
>>>> Housing prices are climbing so fast that soon none but the
>>>> very richest will be able to afford their own home;
>>>
>>> In teh UK it's driven by population pressure, which has increased
>>> from 50 to 65 million in the last 50 years.
>>>
>> House prices are climbing because of uber low interest rates
>>
>> Put the base rate up to 15% and watch capital evaporate.
>>
>>
>
> Yes, but they climbed quite quickly before the current negligible
> interest rate happened. I can recall paying around 15% on my mortgage,
> fortunately not for very long. House prices were rising quickly then.
>
> It has also a lot to do with ever-larger multiples of salary being
> lent, along with low deposits asked.
>
> 'If the bank is willing to lend me a million pounds, then why not take
> it? A million-pound house will be worth two million in ten years' time'.
>
> Chicken and egg. If the builders were not certain that prices would
> keep rising indefinitely, they wouldn't sit on land, they'd build now.
>
And if people were not so sure that house prices would keep rising they
wouldn't buy one on massive mortgages


--
"A point of view can be a dangerous luxury when substituted for insight
and understanding".

Marshall McLuhan

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