Housing crisis or pensions crisis.
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Prices are kept artificially high because of a lack of supply compared to high demand. If this is addressed, by building sufficient new homes, prices will come down.
End of conversation
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Forward slash international credit rating - aren't property prices tied into that assessment somehow too?
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And you also have working class people who have bought a home and if housing prices go down 25% they are stuck and in neg equity!!
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The public funded the banking industry out of the crisis they created for us all. Time to call some favours
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Absolutely, impossible to easily resolve without breaking the system & destroying many people's pensions, built upon something that really shouldn't have been allowed to have anyway May not have been intended but future theft has been going on for far too long
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and this is what has happened in the 43 years since Thatcher proclaimed "a property owning democracy" (data: ONS)pic.twitter.com/8C5KdWkmhi
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Need to consider the other economic factors at play - lack of house building (esp Social) under all governments plus ageing population, Blair / Brown's switch to CPI which surpressed interest rates and their buy to let boom
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