A sharp fall in house prices might hurt some people, although the number who would be in negative equity is probably smaller than you'd think. A quick Google says only 28% of homes are owner occupied with a mortgage,…
The three main important ones: 1) Green belt policies prevent the expansion of cities outwards. Compare the footprint of London to other major European cities and you'll see it's barely moved at all for decades. 2)…
I have read otherwise recently, although I forget where (possibly Kahnemann - Thinking Fast and Slow, although I don't think so). I don't have sources to hand, but a quick google suggests the following: Although people…
A sharp fall in house prices might hurt some people, although the number who would be in negative equity is probably smaller than you'd think. A quick Google says only 28% of homes are owner occupied with a mortgage,…
The three main important ones: 1) Green belt policies prevent the expansion of cities outwards. Compare the footprint of London to other major European cities and you'll see it's barely moved at all for decades. 2)…
I have read otherwise recently, although I forget where (possibly Kahnemann - Thinking Fast and Slow, although I don't think so). I don't have sources to hand, but a quick google suggests the following: Although people…