The European Tribune is a forum for thoughtful dialogue of European and international issues. You are invited to post comments and your own articles.
Please REGISTER to post.
The British housing market situation is saved (or rather magnified) by the Eastern European influx. But the situation back there in emerging markets is no less absurd. The free market was efficient only for so long. What could alleviate the housing stresses within the same paradigm?
Home ownership certainly means freedom, and excess home ownership means belonging to an unstated higher social cast. But you have to take mortgage risks to get there - and there go massive financial dramas.
Home ownership certainly means freedom,
Indeed. And higher wages and/or purchase power.
But you have to take mortgage risks to get there..
And you must pay not only the the rental value, but also the credit interest. And destroy wealth and wages so, that low income families cannot ever get there.
low income families
Read "labour families."
by talos - Apr 29 28 comments
by Luis de Sousa - May 1 1 comment
by gmoke - Apr 29 2 comments
by In Wales - May 3 1 comment
by ManfromMiddletown - Apr 24 4 comments
by afew - Apr 20 52 comments
by ChrisCook - Apr 20 2 comments
by DoDo - Apr 11 4 comments
by In Wales - May 31 comment
by Luis de Sousa - May 11 comment
by gmoke - Apr 292 comments
by talos - Apr 2928 comments
by ManfromMiddletown - Apr 244 comments
by ChrisCook - Apr 202 comments
by afew - Apr 2052 comments
by DoDo - Apr 114 comments
by gmoke - Apr 134 comments