Interesting! I do notice that the UK seems to have quite a high homeownership rate. Is that due to Thatcher??
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That was the main plan to win over working people, make them homeowners that benefitted from (credit-fuelled) home price rises (enabled by financial deregulation).
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Also ties in with Niall Ferguson’s idea of a property owning democracy. Property owners have a stake in the system and become reluctant to overthrow it
End of conversation
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