A freeze in the house market for adecade will be desirable/necessary.. prices increased too mcuh .way too much and there was a bubble in the extreme growth of prices...with people investing in houses..
A certains ectr of thepopualtion have house that do not sell or rent or anything.. they have it as an ivnestment...(frm 3 to 10 flats typically)
So nobdy wants to touch it. upper middle class in Sain is based on these houses and they are powerful.
But balanced can be achieved if prices grow below inflation for 5-10 years... right now it is just too much for the middle class..
The amount of debt in mortgages is huge huge huge...
Plus investemnt in houses made other investments in spain (R+D) almost nill...
So hopefully we got it on time and we cool it on time....and ina nyc ase we cold happily sustain a 5% decrease in direct consuemr prices for a couple of years... probably it would be better... but the power to be does not want...
A pleasre I therefore claim to show, not how men think in myths, but how myths operate in men's minds without their being aware of the fact. Levi-Strauss, Claude
I like his fiscal policy... if I forget about the sustainability issue....
yes the fiscal policy sould have a deep cahnge towards taxing fuel, waste and so on and get rid of the taxes for workers... stil he has been the only one I know which increased taxes on cars wth more than averge fuel standartds and educe it fore fficeint cars.. so basically he implemented one of the points in energize america single handidly...
within the parameters we normally move he is OK....let's hope one day society/ecnomic sectors is open to move towards a change in fiscality...maybe when oil is at 500 $?
A pleasure I therefore claim to show, not how men think in myths, but how myths operate in men's minds without their being aware of the fact. Levi-Strauss, Claude
