Wednesday, November 15, 2017

Laurie Macfarlane — It’s Time to Call the Housing Crisis What It Really Is: The Largest Transfer of Wealth in Livin


Skyrocketing land rent in the UK.
In just two decades the market value of land has quadrupled, increasing recorded wealth by over £4 trillion. The driving force behind rising house prices — and the UK’s growing wealth — has been rapidly escalating land prices.
For those who own property, this has provided enormous benefits....

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