Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
great article. One caveat though (at least for me), to buy a house (here in southern Germany) I have to pay quite a bit of money. Working 30% of what I do now I will never save enough money to actually own a house or pay the rent for a house... It'd be interesting to empirically calucalte how much labour in todays world is "wasted" on consumption and how much is necessary to live comfortably (ie not in a wooden hut with no real heating, etc...)

Full Disclosure: I own an iPhone and wouldn't want to live without it anymore, even though it is mainly a toy...

by crankykarsten (cranky (where?) gmx dot organisation) on Tue Apr 21st, 2009 at 11:14:33 AM EST
Real Estate is a strongly positional good ; if incomes got lower for most of the population, real estate prices would get lower fast, too.

Un roi sans divertissement est un homme plein de misères
by linca (antonin POINT lucas AROBASE gmail.com) on Wed Apr 22nd, 2009 at 06:54:21 AM EST
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