But the reason the housing is so expensive is because there’s a shortage of the stuff relative to population growth. So, again, we have an unearned transfer of wealth from those who don’t own propert… (View Post)

This is not a good thing, given that the average US buyer gets a whole lot more square footage for their $. In the UK the older property owning generation is holding the next hostage & forcing th… (View Post)

Yes, you look at a country that’s as wealthy as the US & their life expectancy & wonder what on earth is going on. Last time I looked, IIRC a good chunk of it is people killing themselves wit… (View Post)

Personally, I think the real questions people should be asking is why both the UK & European growth rates have been so terrible since 2008, whilst the US has gone from strength to strength. Lack … (View Post)

He’s been quite comprehensively misquoted hasn’t he? The whole episode seems like a good reminder that politicians are best advised not to engage in hypothetical arguments in public, since online idi… (View Post)