I parsed through it as well, and couldn't make head-nor-tail of it, really. I just assumed it was because I'm a dilettante. Nice to know it wasn't just me!
Curious to hear about this 'open door policy' when the UK has consensus one of the harshest immigration systems in the world. We literally deported British citizens because the system is that inhumane.
Homes aren't scarce. The facts don't back this assertion. There are nearly 20,000 empty homes in London alone, and 216,000 in the UK alone.
Yes, again, there IS demand. Of course there is: human beings need shelter and places to work. But, as Laurie says in the piece, land isn't just used for homes and commercial properties anymore, its used as an investment vehicle, which is actively encouraged by government. And this is untenable because land is a fixed supply!
So what you're saying is: there's a lack of affordable housing in London, which is literally the epicentre of the speculative land bubble? I'm sorry, I still don't see what immigration has to do with it.
Well, if we're talking foreign buyers of land in the UK, I'm in favour of New Zealand's approach: Ban the sale of existing homes to foreign buyers (unless, of course, they are resident here). You could probably take that further.
Forgive me if I'm misreading your comment, Justin -- but I don't think it's a given that land prices will be high. There was a time when land and property was affordable in this country, it can be so again.
What's needed are strong policies designed to disincentivise speculation. I'm not pooh-poohing immigration as an issue to discuss, I'm just saying it's not germane to the issue at hand.
We agree. Demand has an enormous impact. That's the nature of a speculative bubble. But it's not as simple as there are more households than houses. The data doesn't show that, it indicates the opposite.
Knowing that: What is the cause? If there are enough houses, why the hell are prices so high? It's almost as if Econ101 theories of supply and demand don't cut it in the real world...
Demand *has* something to do with it, of course. It's just that it's not caused by immigrants nor is it a matter of an under-supply of housing. The number of houses has actually grown significantly faster than the number of households in the UK over the past 25 years. Land is a speculative bubble. That's the issue at hand.
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Hahaha the audit hunger games!
https://www.theguardian.com/business/ng-interactive/2015/apr/29/the-aust...
Takk for tipset! alltid gøy med nordmenn på AccountingWEB.
I parsed through it as well, and couldn't make head-nor-tail of it, really. I just assumed it was because I'm a dilettante. Nice to know it wasn't just me!
Curious to hear about this 'open door policy' when the UK has consensus one of the harshest immigration systems in the world. We literally deported British citizens because the system is that inhumane.
Homes aren't scarce. The facts don't back this assertion. There are nearly 20,000 empty homes in London alone, and 216,000 in the UK alone.
Yes, again, there IS demand. Of course there is: human beings need shelter and places to work. But, as Laurie says in the piece, land isn't just used for homes and commercial properties anymore, its used as an investment vehicle, which is actively encouraged by government. And this is untenable because land is a fixed supply!
So what you're saying is: there's a lack of affordable housing in London, which is literally the epicentre of the speculative land bubble? I'm sorry, I still don't see what immigration has to do with it.
Well, if we're talking foreign buyers of land in the UK, I'm in favour of New Zealand's approach: Ban the sale of existing homes to foreign buyers (unless, of course, they are resident here). You could probably take that further.
Forgive me if I'm misreading your comment, Justin -- but I don't think it's a given that land prices will be high. There was a time when land and property was affordable in this country, it can be so again.
What's needed are strong policies designed to disincentivise speculation. I'm not pooh-poohing immigration as an issue to discuss, I'm just saying it's not germane to the issue at hand.
We agree. Demand has an enormous impact. That's the nature of a speculative bubble. But it's not as simple as there are more households than houses. The data doesn't show that, it indicates the opposite.
Knowing that: What is the cause? If there are enough houses, why the hell are prices so high? It's almost as if Econ101 theories of supply and demand don't cut it in the real world...
Demand *has* something to do with it, of course. It's just that it's not caused by immigrants nor is it a matter of an under-supply of housing. The number of houses has actually grown significantly faster than the number of households in the UK over the past 25 years. Land is a speculative bubble. That's the issue at hand.